NORTHKING TECH(SZ:002987) Zheng Quan Zhi Xing·2025-08-17 08:15Core Viewpoint - The report discusses the cancellation of certain stock options related to the 2023 stock option and restricted stock incentive plan of Jingbeifang Information Technology Co., Ltd, confirming that the necessary approvals and authorizations have been obtained and that the actions comply with relevant laws and regulations [12][13]. Summary by Sections 1. Definitions - The report defines key terms related to the stock option and restricted stock incentive plan, including "incentive objects," "exercise conditions," and "lock-up period" [1][2][3]. 2. Approval Process - The 2023 stock option and restricted stock incentive plan underwent necessary approval procedures, including meetings of the board of directors and the supervisory board, which approved the plan and its implementation [4][5][6]. 3. Stock Option Granting - The company disclosed the completion of the first grant of stock options, totaling 5,757,384 options, and the first grant of restricted stocks, totaling 420,000 shares [6][9]. 4. Cancellation of Stock Options - The company will cancel a total of 46 stock options that were not exercised by the end of the first exercise period, which concluded on July 25, 2025 [12][13]. 5. Independent Financial Advisor's Opinion - The independent financial advisor concluded that the cancellation of stock options has received the necessary approvals and does not harm the interests of the company or its shareholders [13].