China Tianying(SZ:000035) Zheng Quan Zhi Xing·2025-08-21 12:13Core Viewpoint - The company announced the cancellation of stock options for the second exercise period of its 2023 stock option incentive plan due to unmet performance conditions, affecting a total of 15.7755 million stock options, which is approximately 0.63% of the company's total share capital [3][4][5]. Group 1: Approval and Disclosure Process - The company held meetings to review and approve the stock option incentive plan and its related documents, with independent directors providing independent opinions [1][2]. - The company disclosed the list of incentive objects and received no feedback during the public notice period [2][3]. Group 2: Stock Option Cancellation Details - The performance assessment criteria for the second exercise period required a net profit of 838 million or operating revenue of 9.648 billion for the year 2024, which were not met [3][4]. - A total of 14.755 million stock options were canceled due to unmet performance conditions, and an additional 1.02 million options were canceled due to the departure of some incentive objects, totaling 15.7755 million options [3][4]. Group 3: Impact of Cancellation - The cancellation of stock options will not affect the ongoing implementation of the incentive plan or the company's financial status and operational results [4][5]. - The management team will continue to fulfill their responsibilities and strive to create value for shareholders [4]. Group 4: Opinions and Reports - The supervisory board confirmed that the cancellation of stock options complies with relevant regulations and will not harm the interests of the company and its shareholders [5]. - Legal and independent financial advisory reports concluded that the necessary approvals and disclosures were met, and the cancellation aligns with regulatory requirements [5][6].