PWRD(SZ:002624) Zheng Quan Zhi Xing·2025-07-02 16:15Core Viewpoint - The company has announced the expiration and cancellation of unexercised stock options under its stock option incentive plan, which was effective for 10 years from July 3, 2015, to July 2, 2025 [1][2]. Summary by Sections Stock Option Incentive Plan - The stock option incentive plan was approved by the board and shareholders in 2015, with a validity period of 10 years [1]. - The exercise price of the stock options has been adjusted multiple times, with the final adjustment setting the price at 17.24 yuan per share [1]. Cancellation of Unexercised Stock Options - As of July 2, 2025, the company decided to cancel 37,460 stock options that were granted to 8 incentive recipients but remained unexercised [1]. - The cancellation aligns with the company's stock option incentive plan and relevant regulations [2]. Impact on the Company - The cancellation of the unexercised stock options is not expected to have a material impact on the company's financial status or operational results [1]. Opinions from Committees - The Board's Compensation and Assessment Committee and the Supervisory Committee both agree that the cancellation of the unexercised stock options complies with regulations and the company's incentive plan [2]. Legal Opinion - The legal opinion confirms that the necessary approvals and authorizations for the cancellation have been obtained, in accordance with relevant regulations [3].