CGNNT(SZ:000881) Zheng Quan Zhi Xing·2025-08-29 17:46Core Points - The company announced that the conditions for the second exercise period of the stock option incentive plan were not met, leading to the cancellation of certain stock options [1][5][4] - A total of 685.6619 thousand stock options held by 205 incentive objects will be canceled due to the failure to meet performance assessment targets for 2024 [5][4] - The stock options granted to 25 departing employees, totaling 168.0005 thousand, will also be canceled as they no longer qualify as incentive objects [4][3] Summary of Related Sections Stock Option Incentive Plan Approval Process - The stock option incentive plan was approved by the board and relevant authorities, with the first grant date set for December 30, 2022, awarding 26.48 million stock options at an exercise price of 7.33 yuan per share [2][1] - The plan included a public solicitation for proxy voting rights from shareholders [2] Stock Option Grant Details - On April 25, 2023, an additional 950 thousand stock options were granted to 4 qualifying incentive objects at an exercise price of 8.11 yuan per share [3][2] - The total number of stock options granted in the first phase was 25.96 million to 257 individuals, including directors and key personnel [2][1] Cancellation of Stock Options - The company will cancel stock options for departing employees and those who did not meet the exercise conditions, totaling 291 thousand options for 25 individuals [3][4] - The cancellation of stock options is in accordance with the company's incentive plan management regulations and does not require further shareholder approval [5][4] Impact of Cancellation - The cancellation of stock options is not expected to have a significant impact on the company's financial status or operations, and the incentive plan will continue to be implemented [5][4] - Legal opinions confirm that the cancellation has received necessary approvals and complies with relevant regulations [5][4]