Core Viewpoint - The report discusses the approval and conditions for the third unlock period and exercise conditions of the stock options and restricted stocks under the 2022 incentive plan of Shenzhen Suoling Industrial Co., Ltd. [9][12] Summary by Sections Section 1: Definitions - The report defines key terms related to the incentive plan, including "incentive objects," "restricted stocks," and "stock options," which are crucial for understanding the plan's structure and execution [1][2]. Section 2: Approval Process - The incentive plan has undergone necessary approval procedures, including resolutions from the board and independent directors, confirming compliance with relevant laws and regulations [4][5][6]. Section 3: Conditions for Unlocking and Exercising - The third unlock period for the restricted stocks is defined as starting from the first trading day after 36 months from the initial grant date until the last trading day within 48 months [9]. - The performance targets for the unlock conditions include a revenue growth rate of no less than 45% based on the 2021 revenue [10]. Section 4: Performance Assessment - The performance assessment for the incentive objects is categorized into "qualified" and "unqualified," affecting their eligibility for unlocking and exercising their stocks and options [11]. Section 5: Stock Options and Restricted Stocks - A total of 103,500 shares of restricted stocks can be unlocked for 5 eligible incentive objects, representing 0.12% of the company's total share capital [13]. - The stock options available for exercise amount to 790,500, with 68 eligible incentive objects [14]. Section 6: Impact on Company Structure - The exercise of stock options is not expected to significantly impact the company's shareholding structure, ensuring that the controlling shareholder remains unchanged [15]. Section 7: Compliance and Conclusion - The independent financial advisor confirms that all necessary approvals for the third unlock period and stock option exercise conditions have been met, and the procedures for stock option cancellation are compliant with regulations [12][16].

Core Viewpoint - The company announced the cancellation of certain stock options from its 2022 restricted stock and stock option incentive plan, which involves a total of 686,877 stock options that have not been exercised [1][7][8]. Group 1: Approval Process - The company held meetings of the board and supervisory committee to review and approve the cancellation of stock options, ensuring compliance with relevant regulations and obtaining necessary authorizations [1][2][6]. - Independent directors provided their opinions on the proposals related to the incentive plan, affirming the legitimacy of the process [1][6]. Group 2: Details of Cancellation - The cancellation involves 225,000 stock options held by two incentive recipients, with an additional 461,877 stock options being canceled due to not being exercised [7]. - The total number of stock options canceled amounts to 686,877, as authorized by the shareholders at the 2021 annual meeting [7][8]. Group 3: Impact on the Company - The cancellation of stock options is in accordance with the relevant regulations and will not have a significant impact on the company's financial status or operational results [7][8]. - The supervisory committee and independent financial advisors have confirmed that the cancellation aligns with legal requirements and does not harm the interests of the company or its shareholders [8][9].

Core Viewpoint - Shenzhen Suoling Industrial Co., Ltd. has announced the decisions made during the 18th meeting of the fifth Supervisory Board, focusing on the cancellation of stock options and the conditions for the release of restrictions on stock options and restricted stocks under various incentive plans [1][2][4][6] Group 1: Cancellation of Stock Options - The Supervisory Board approved the cancellation of stock options under the 2023 incentive plan, with a total of 3 stock options being canceled for 3 incentive objects, which complies with relevant laws and regulations [1][2] Group 2: Release of Restrictions on Stock Options - The Supervisory Board approved the release of restrictions for the second vesting period of the 2022 incentive plan, allowing 180,000 restricted stocks to be released for 2 incentive objects and 75,000 stock options to be exercised for 1 incentive object [2][4] Group 3: Release of Restrictions on Initial Grant - The Supervisory Board approved the release of restrictions for the first vesting period of the 2023 incentive plan, allowing 3.2 million restricted stocks to be released for 14 incentive objects and 450,000 stock options to be exercised for 4 incentive objects [4][6]