Core Points - CloudTop New Horizon (01952) announced that on September 2, 2025, employees (excluding directors) exercised stock options under the post-IPO employee stock option plan, resulting in the issuance of 1,257 shares [1] - On September 5, 2025, the company issued 2.6061 million shares according to the pre-IPO employee stock option plan adopted on December 25, 2018 (revised and restructured on February 17, 2020) and the post-IPO share award plan adopted on September 21, 2020 [1]