Hundsun(SH:600570) Zheng Quan Zhi Xing·2025-08-22 14:17Core Viewpoint - The company announced the cancellation of a portion of stock options from its 2024 stock option incentive plan due to unmet performance conditions during the first exercise period, totaling 11.12 million options [1][2][3]. Group 1: Stock Option Incentive Plan - The board of directors approved the cancellation of stock options as the performance conditions for the first exercise period were not met, resulting in the cancellation of 9.7797 million options [1]. - An additional 1.112 million options were canceled due to 54 individuals no longer qualifying as incentive targets due to resignation or position changes [1]. - The total number of stock options canceled from the 2024 plan is 11.1232 million [1]. Group 2: Compliance and Approval - The cancellation process was conducted in accordance with the relevant regulations and does not require further shareholder approval, as it falls within the authorized scope of the board [1]. - The remuneration and assessment committee of the board confirmed that the cancellation aligns with regulatory requirements and will not adversely affect the company's stock distribution or the continuation of the incentive plan [1]. - The supervisory board also agreed that the cancellation complies with regulations and does not harm the interests of the company or its shareholders [1]. Group 3: Legal Opinion - The legal firm provided a conclusive opinion stating that the cancellation has received the necessary approvals and is in compliance with the relevant regulations [1].