杭州纵横通信股份有限公司关于调整2022年股票期权激励计划行权价格及注销部分股票期权的公告

Core Viewpoint - The company has adjusted the exercise price of its 2022 stock option incentive plan to 11.91 yuan and has canceled 115,800 stock options as part of its ongoing incentive program [5][15][16]. Group 1: Stock Option Incentive Plan Adjustments - The company held meetings on July 28, 2025, to approve the adjustment of the exercise price and the cancellation of certain stock options [2][10]. - The exercise price was adjusted from 12.10 yuan to 11.91 yuan due to dividend distributions and other factors [12][16]. - A total of 115,800 stock options were canceled due to performance evaluations not meeting the required standards for certain individuals [13][14]. Group 2: Historical Context and Procedures - The stock option incentive plan was initially approved on April 28, 2022, with a total of 804,000 stock options planned for distribution [21][22]. - The first grant of stock options occurred on May 30, 2022, with 671,000 options awarded to 48 individuals [24][26]. - The company has conducted multiple reviews and approvals for adjustments to the incentive plan throughout its implementation [7][8][9]. Group 3: Performance Metrics and Impact - The company's audited revenue for 2024 was 1.665 billion yuan, exceeding the target set in the incentive plan [13]. - The adjustments and cancellations of stock options are not expected to materially impact the company's financial status or operational results [15][16]. - The management team remains committed to fulfilling their responsibilities and creating value for shareholders [15].