THD(SZ:300397) Zheng Quan Zhi Xing·2025-08-29 17:46Core Viewpoint - The company announced the cancellation of stock options due to unmet performance conditions for the third exercise period of its 2021 stock option incentive plan, resulting in a total of 5,771,200 stock options being canceled [1][5][6]. Summary by Sections Stock Option Incentive Plan - The company held meetings to review and approve the cancellation of stock options as the cumulative net profit for 2022-2024 did not meet the performance target of 700 million yuan [1][5]. - The third exercise period allowed for 40% of the total options to be exercised, but the performance target was not achieved, leading to the cancellation of options [5][6]. Cancellation Details - A total of 5,658,800 stock options granted to eligible participants were canceled, along with 112,400 options from participants who left the company, totaling 5,771,200 options [1][5][6]. - The company’s net profit for the three years was reported as -452,370,601.59 yuan, indicating a significant shortfall from the target [5][6]. Compliance and Approval - The independent directors and the supervisory board agreed that the cancellation of stock options complied with relevant laws and regulations, and the necessary procedures were followed [6][7]. - Legal opinions confirmed that the cancellation was authorized and met regulatory requirements [7]. Impact on the Company - The cancellation of stock options will not affect the company's capital structure or operational status, and the management team will continue to fulfill their responsibilities [6][7].