Iflytek cancels stock options, revises governance documents

Iflytek, following a legal opinion dated December 15, 2025, has canceled 167,252 stock options under its 2021 stock option and restricted stock incentive plan. This cancellation affects 24 incentive recipients who did not exercise their options by the end of the third exercise period, which ran from November 4, 2024, to November 3, 2025. The total number of stock options granted in 2021 was 713,500. This action is not expected to affect the company’s financial condition or operating performance.

Concurrently, Iflytek's board of directors, at its seventeenth meeting on December 15, 2025, approved several resolutions. These include the proposed amendment to the company's registered capital and articles of association, which will be submitted for shareholder approval. The board also reviewed and approved revisions to multiple corporate governance documents, such as the Rules of Procedure for the Board of Directors, Rules of Procedure for the General Meeting of Shareholders, and the Remuneration Management System for Directors, Supervisors, and Senior Management.

Further institutional updates include revisions to the Independent Director System, Committee Rules for Nomination, Remuneration and Assessment, Audit, and Strategy, as well as new Information Disclosure Management and Internal Reporting Systems. These changes aim to enhance the company's governance and operational transparency in line with updated legal and regulatory requirements.