BHC(SH:600721) Zheng Quan Zhi Xing·2025-08-21 09:13Core Viewpoint - The company announced the cancellation of stock options from its 2021 stock option incentive plan due to certain employees not meeting the exercise conditions, resulting in a reduction of the number of incentive recipients and the total number of stock options available for exercise [2][5][6]. Group 1: Stock Option Cancellation - The company held meetings to approve the cancellation of stock options that were not exercised by employees who did not meet the required conditions [2][5]. - A total of 1,207,650 stock options were canceled from the initial grant, reducing the number of recipients from 162 to 149 and the total unexercised options from 12,100,000 to 10,892,350 [5][6]. - The final cancellation involved 74,040 stock options, concluding the 2021 stock option incentive plan [6][7]. Group 2: Compliance and Approval - The cancellation process followed the relevant regulations outlined in the stock option management guidelines and the company's incentive plan [6][7]. - The supervisory board confirmed that the cancellation procedures complied with regulations and did not harm the interests of the company, employees, or shareholders [7][8]. - Legal opinions indicated that the necessary approvals for the cancellation had been obtained, and the company must fulfill its disclosure obligations [7][8].