Core Points - The company announced the termination of the 2017 share option plan, which was adopted on November 15, 2017, and is set to expire on November 14, 2027 [1] - The termination is in response to the amendments made to the GEM Listing Rules Chapter 23, effective from January 1, 2023 [1] - The company proposes to adopt a new share option plan in light of the updated GEM Listing Rules [1]

Group 1 - The company announced the termination of the 2017 share option plan, which was adopted on November 15, 2017, and is valid for a period of 10 years until November 14, 2027 [1] - The termination is in response to the revised GEM Listing Rules Chapter 23, which came into effect on January 1, 2023 [1] - The company proposes to adopt a new share option plan in light of the updated regulations [1]

Core Viewpoint - The company proposes to terminate the 2017 share option scheme and adopt a new share option plan in accordance with the latest GEM listing rules, aiming to enhance the value of the company and its shares while incentivizing eligible participants to contribute to the success of the group [1] Group 1 - The new share option plan is designed to provide eligible participants with opportunities to acquire rights and interests in the company [1] - The plan aims to encourage eligible participants to enhance the company's overall value, benefiting both the company and its shareholders [1] - The new scheme will offer the company a flexible approach to retain, incentivize, reward, and compensate eligible participants [1]

Core Viewpoint - The company proposes to adopt a new share option incentive plan (2025 Share Option Plan) to replace the existing plan, which will expire in August 2025 [1] Group 1: Share Option Plans - The existing share option plan (2015 Share Option Plan) was approved by shareholders on August 10, 2015, and will expire on August 10, 2025, after which no further options can be granted under this plan [1] - The board of directors suggests the new 2025 Share Option Plan to provide appropriate rewards and incentives for eligible individuals contributing to the company and its subsidiaries [1] - A shareholders' meeting will be convened to seek approval for the adoption of the 2025 Share Option Plan and to authorize the board to grant options and issue shares upon the exercise of these options [1]

Core Viewpoint - The company has adopted a share award plan effective from March 19, 2021, but no awards have been granted to eligible individuals as of the announcement date [1] Group 1: Share Award Plan - The company holds 1.063 million shares purchased under the share award plan that have not yet been granted [1] - The company does not intend to grant further awards under the share award plan in the next fiscal year [1] - The board has resolved to terminate the share award plan effective August 1, 2025, to reduce administrative costs [1] Group 2: Future Actions - Following the termination of the share award plan, the trustee must sell all remaining shares in the pool within one year upon receiving a sale notice [1] - The net cash and proceeds from the sale, after appropriate deductions for costs and liabilities, will be paid to the company [1]

Core Viewpoint - The company plans to adopt a new share option scheme and terminate the existing scheme, pending shareholder approval at the annual general meeting on April 24, 2025 [1][2] Group 1: Existing Share Option Scheme - The existing share option scheme was adopted on June 2, 2022, and is valid for ten years from the adoption date [1] - As of the announcement date, there are 355,968,000 share options granted under the existing scheme that remain unexercised [1] - The board does not intend to grant any further share options under the existing scheme until the annual general meeting [1] Group 2: New Share Option Scheme - The new share option scheme is proposed to attract and retain talented individuals within the group, providing additional incentives for eligible participants [2] - The new scheme aims to enhance the overall success of the group by offering eligible participants an opportunity to have personal stakes in the company [2] - The new share option scheme will comply with the revised Listing Rules effective from January 1, 2023, and will be valid for ten years from its adoption [1][2]