江苏宝馨科技股份有限公司 第六届董事会第十八次会议决议公告

Meeting Overview - The sixth board meeting of Jiangsu Baoxin Technology Co., Ltd. was held on September 26, 2025, via electronic communication, with all six directors present [2][3] - The meeting was chaired by the company's chairwoman, Ma Lin, and complied with relevant laws and regulations [2][3] Resolutions Passed - The board approved the proposal to cancel 4.26 million stock options from the 2022 stock option incentive plan due to the departure of four incentive targets and unmet performance conditions for the second exercise period [3][14][15] - The decision was supported by the board's remuneration and assessment committee [4][16] Voting Results - The resolution received unanimous support with 5 votes in favor, 0 against, and 0 abstentions, with related director Shen Qiang abstaining from the vote [5] Reasons for Cancellation - 390,000 stock options were canceled due to the departure of four incentive targets who no longer met the incentive conditions [14] - An additional 36,000 stock options were canceled because the company did not meet the performance targets required for the second exercise period [15] Impact on the Company - The cancellation of stock options is deemed legal and compliant with regulations, and it will not significantly impact the company's financial status or operational results [16] - The number of incentive targets will be reduced from 9 to 5, with 36,000 stock options remaining unexercised [16] Legal Opinions - The legal counsel confirmed that the cancellation of stock options has received the necessary approvals and complies with relevant laws and regulations [17]