Core Viewpoint - The company announced the cancellation of stock options from the 2022 stock option incentive plan that were unlocked but not exercised by the expiration date, specifically 25,200 stock options from one incentive recipient [1][7]. Group 1: Stock Option Incentive Plan Overview - The company held board and supervisory meetings to approve the stock option incentive plan and its related management measures in April 2022 [1][2]. - The incentive recipients' names and positions were publicly disclosed without any objections during the public notice period [2]. - The company completed the registration of the first grant of stock options under the incentive plan by June 2022 [3][4]. Group 2: Cancellation Process - The second exercise period for the stock options expired on June 19, 2025, with 45 recipients exercising a total of 782,499 stock options, while one recipient did not exercise their 25,200 options [6][7]. - The cancellation of the unexercised stock options is in accordance with the relevant regulations and will not significantly impact the company's financial status or operational results [7]. Group 3: Legal and Compliance - The supervisory board confirmed that the cancellation of the stock options complies with the relevant regulations and does not harm the interests of the company or its shareholders [7]. - Legal opinions affirm that the cancellation has received necessary approvals and adheres to applicable laws and regulations [8].

Core Viewpoint - Shenzhen Kangguan Technology Co., Ltd. announced the cancellation of part of the stock options from the 2022 stock option incentive plan due to the departure of certain incentive targets and the expiration of the second exercise period [1][8]. Group 1: Stock Option Incentive Plan Overview - The 2022 stock option incentive plan was approved by the shareholders' meeting, allowing the board to determine the grant date and manage the necessary procedures for granting stock options [3][5]. - A total of 1,252.8058 million stock options were granted to 618 eligible incentive targets at an exercise price of 25.52 yuan per option [5][6]. Group 2: Adjustments and Cancellations - The exercise price of the stock options was adjusted from 25.52 yuan to 18.96 yuan per option following the cancellation of options due to the departure of 27 incentive targets [6][8]. - The company has completed the cancellation of 306,851 stock options due to the departure of incentive targets, reducing the number of incentive targets from 618 to 591 [5][6]. Group 3: Impact and Compliance - The cancellation of stock options will not have a substantial impact on the company's financial status or operational results, and the management team will continue to fulfill their responsibilities diligently [8]. - The supervisory board confirmed that the cancellation process complies with relevant regulations and does not harm the interests of the company or its shareholders [8][9].

Core Viewpoint - The company announced the cancellation of part of the stock option incentive plan for 2022 due to the resignation of one incentive object, resulting in the cancellation of 1.5 million stock options [5][10]. Summary by Sections Stock Option Incentive Plan Approval Process - The company conducted a series of meetings to approve the stock option incentive plan, including independent opinions from directors and legal advisors [1][2][3]. Stock Option Grant Details - A total of 25,489,809 stock options were granted to 15 incentive objects at an exercise price of 3.77 yuan per share [3]. - An additional 6,372,452 stock options were granted to 13 incentive objects at an exercise price of 2.93 yuan per share [4]. Cancellation of Stock Options - The cancellation of stock options was due to the resignation of one incentive object, leading to the cancellation of 1.5 million stock options, which included 1.2 million from the initial grant and 300,000 from the reserved grant [5][10]. - The total number of stock options that can be exercised by eligible incentive objects in the first exercise period is 12,144,906, with an exercise price of 3.77 yuan per share [5]. Impact of Cancellation - The cancellation of stock options is not expected to have a significant impact on the company's financial status or operational results [10]. - Both the board's remuneration and assessment committee and the supervisory board confirmed that the cancellation complies with relevant regulations and will not harm the interests of the company or its shareholders [10][11].