NARADA(SZ:300068) Zheng Quan Zhi Xing·2025-08-14 12:16Core Viewpoint - The company has announced the cancellation of a portion of stock options from its 2022 stock option incentive plan due to various reasons including employee departures and unmet performance criteria [1][3][6]. Group 1: Stock Option Incentive Plan Overview - The 2022 stock option incentive plan was approved through a series of board meetings and received necessary legal and financial opinions [1][2]. - The plan included a public disclosure of the list of incentive recipients, which was free of objections during the public comment period [2]. Group 2: Cancellation Details - A total of 1,208,445 stock options will be canceled, which includes 1,082,996 options from 24 departing employees and 125,449 options from 6 employees who did not meet performance criteria [3][6]. - The first exercise period of the plan allowed 394 eligible recipients to exercise a total of 16,289,296 stock options [3]. Group 3: Impact and Compliance - The cancellation of stock options is not expected to have a significant impact on the company's financial status or operational results [6][8]. - The company has followed all necessary legal procedures and regulations regarding the cancellation of stock options, ensuring compliance with relevant laws [8].