Drinda(SZ:002865) Shang Hai Zheng Quan Bao·2025-10-27 22:21Core Viewpoint - The company has decided to cancel the first grant of stock options under the 2023 Second Phase Stock Option Incentive Plan due to the expiration of the exercise period for certain options that were not exercised by the eligible participants [9][10]. Summary by Sections Stock Option Incentive Plan - The company held a board meeting on October 27, 2025, where it approved the cancellation of the first grant of stock options under the 2023 Second Phase Stock Option Incentive Plan [9]. - A total of 264 eligible participants had options that were not exercised within the first exercise period, leading to the need for cancellation [10]. - The initial grant included 322.8120 million stock options, which has now been reduced to 219.3180 million due to the cancellation [7]. Approval Process - The approval process for the stock option plan included multiple meetings of the board and supervisory committee, with independent directors providing opinions on the plan [2][3][4]. - The plan was publicly announced and no objections were raised during the internal publicity period [2]. Financial Impact - The cancellation of the stock options is not expected to have a significant impact on the company's financial status or operational results [12]. - The management team will continue to fulfill their responsibilities and strive to create value for shareholders [12]. Legal and Compliance - The company has obtained necessary authorizations and approvals for the cancellation, ensuring compliance with relevant laws and regulations [14]. - The cancellation process will be finalized after necessary procedures are completed with the China Securities Depository and Clearing Corporation [11].