Core Points - The company announced the cancellation of 39,145,520 stock options due to the failure to meet the exercise conditions for the first exercise period of the 2024 stock option incentive plan [1][2] - The cancellation was approved at the company's annual general meeting held on May 8, 2025, and completed on May 23, 2025 [2] - The cancellation process complies with relevant laws and regulations, ensuring no adverse effects on the company's capital structure or the interests of shareholders, particularly minority shareholders [2] Summary by Sections - Stock Option Cancellation: The company canceled a total of 39,145,520 stock options, which includes 38,725,320 options from 143 incentive targets who did not meet the exercise conditions and 420,200 options from a departing employee [1] - Approval and Completion: The cancellation was approved during the shareholder meeting on May 8, 2025, and was finalized by the China Securities Depository and Clearing Corporation on May 23, 2025 [2] - Regulatory Compliance: The cancellation adheres to the company's stock option incentive plan and relevant regulatory guidelines, confirming that the reasons and quantities for cancellation are legal and valid [2]
森马服饰: 关于部分股票期权注销完成的公告