Guoxuan High-Tech completes cancellation of 2021 stock options

Guoxuan High-Tech announced on December 16, 2025, the completion of the cancellation of stock options related to its 2021 stock option incentive plan. The company's board of directors and supervisory board had previously approved the cancellation due to certain incentive recipients not exercising their options by the expiry of the third exercise period.

A total of 849 incentive recipients were affected, with 7,333,200 unexercised stock options canceled. This action follows authorization granted by the company's third extraordinary general meeting in 2021. The cancellation process was confirmed by the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.

The company stated that this partial cancellation of stock options complies with relevant administrative measures and the company's 2021 stock option incentive plan. Guoxuan High-Tech emphasized that the cancellation's reason, quantity, and procedures are legal and compliant, and it will not materially impact the company's equity structure, financial condition, operating results, or the interests of its shareholders. With this cancellation, the 2021 stock option incentive plan is now fully implemented.