Core Viewpoint - Jiangsu Gongchuang Artificial Turf Co., Ltd. has completed the cancellation of 169,000 stock options that were granted but not exercised under the 2024 stock option and restricted stock incentive plan [1][2]. Group 1 - The company's board and supervisory board approved the cancellation of stock options during meetings held on April 25, 2025 [1]. - The cancellation was due to compliance with relevant regulations outlined in the incentive plan draft [1]. - The stock options being canceled do not affect the company's capital structure and will not have a substantial impact on its financial status or operational results [2]. Group 2 - The cancellation of the stock options was confirmed by the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, and was completed on May 12, 2025 [2]. - The cancellation aligns with the provisions of the "Management Measures for Equity Incentives of Listed Companies" and the relevant regulations in the incentive plan draft [2].

Group 1 - The company announced the cancellation of 156,176 stock options that were granted but not exercised as part of its 2023 stock option and restricted stock incentive plan [2][4] - The cancellation was due to two initial grantees and two reserved grantees leaving the company, which disqualified them from being incentive targets, leading to the cancellation of 112,220 stock options [2] - Additionally, 35,191 stock options were canceled because the performance targets were not met, despite the company-level performance reaching the trigger value [2][3] Group 2 - The cancellation process was completed on May 6, 2025, after confirmation from the China Securities Depository and Clearing Corporation Limited Shenzhen Branch [4] - The cancellation of stock options complies with relevant laws and regulations, and it will not affect the implementation of the incentive plan or the company's capital structure [5] - The cancellation does not harm the interests of the company or its shareholders, particularly minority shareholders [5]

Core Viewpoint - The company has completed the cancellation of certain stock options and the repurchase of restricted stock as part of its 2024 stock option and restricted stock incentive plan due to the departure of three incentive recipients [1][2]. Group 1 - The company’s board of directors approved the cancellation of 48,600 stock options that were granted but not exercised, following the departure of three incentive recipients [1][2]. - The cancellation process has been confirmed by the China Securities Depository and Clearing Corporation Limited Shanghai Branch, ensuring compliance with relevant regulations [2]. - The actions taken are in accordance with the "Management Measures for Equity Incentives of Listed Companies" and the company's incentive plan draft, and they will not materially affect the company's financial status or operational results [2].