Huati Tech(SH:603679) Zheng Quan Zhi Xing·2025-06-24 17:01Core Viewpoint - Sichuan Huati Lighting Technology Co., Ltd. has decided to cancel part of its 2023 stock option incentive plan, specifically the granted but unexercised stock options, following legal advice from Beijing Tianyuan (Chengdu) Law Firm [1][8]. Group 1: Approval and Authorization of the Incentive Plan - The company has obtained necessary approvals and authorizations for the implementation of the 2023 stock option incentive plan, including relevant proposals and independent opinions from the board and supervisory committee [4][5][6]. - The independent directors believe that the incentive plan will enhance the company's long-term incentive mechanism and align employee interests with the company's long-term goals [4]. Group 2: Procedures for Cancellation of Unexercised Stock Options - The company has followed the required internal decision-making procedures to cancel the unexercised stock options, which falls within the authorization scope granted by the shareholders' meeting [6][8]. - The cancellation of the stock options is justified and does not harm the interests of the company or its shareholders, complying with relevant laws and regulations [8]. Group 3: Details of the Canceled Stock Options - A total of 2,969,011 unexercised stock options will be canceled, which includes 1,021,411 options due to failure to exercise within the valid period and 947,600 options related to performance targets not being met [7][8]. - The first exercisable period for the stock options was from September 27, 2024, to June 19, 2025, with a total of 2,596,800 options granted [6][7].