Core Viewpoint - Shenzhen Suoling Industrial Co., Ltd. plans to repurchase and cancel 400,000 restricted stocks at a price of 2.60 RMB per share due to the departure of one incentive object under the 2023 incentive plan [10][12]. Group 1: Repurchase and Cancellation Details - The repurchase involves 400,000 restricted stocks that have been granted but not yet released from the lock-up period [10]. - The repurchase price is set at 2.60 RMB per share, which aligns with the granting price specified in the incentive plan [10]. - The decision to repurchase has been approved by the company's board and supervisory committee [10][12]. Group 2: Legal Compliance and Opinions - The legal opinion confirms that the repurchase and cancellation comply with relevant laws, including the Company Law and Securities Law [10][12]. - The law firm has conducted thorough verification of the facts and documents related to the incentive plan and has concluded that the repurchase is legitimate and authorized [2][10]. - The company is required to continue fulfilling its information disclosure obligations as the incentive plan progresses [12].

Core Viewpoint - The company announced the cancellation of certain restricted stocks and the termination of stock options as part of its 2023 incentive plan due to the departure of four incentive recipients, which has been approved through the necessary procedures [1][3][6] Summary by Sections Approval Procedures - The company has completed the necessary approval processes for the incentive plan, including the review and verification by the supervisory board [1][2] Cancellation and Termination Details - A total of 4 individuals who were part of the incentive plan have left the company, leading to the cancellation of 45,600 shares of restricted stock and the termination of 1,064,000 stock options that were not yet vested [3][5] Impact on Financials and Operations - The cancellation of the unvested restricted stocks and the termination of stock options will not have a significant impact on the company's financial status or operational results, nor will it affect the stability of the management team or the continuation of the incentive plan [5][6] Opinions from Committees - The Compensation and Assessment Committee supports the cancellation and termination actions, stating they comply with relevant regulations and the incentive plan [5][6] Legal Compliance - The legal opinion confirms that the actions taken regarding the cancellation and termination of stocks and options have received the necessary approvals and comply with applicable laws and regulations [6]

Core Viewpoint - The company has decided to cancel 650,000 stock options from its 2023 incentive plan due to three incentive recipients no longer qualifying for the program after leaving the company [1][2]. Group 1 - The company held the 20th meeting of the 5th Board of Directors and the 18th meeting of the 5th Supervisory Board on June 17, 2025, where the cancellation of stock options was approved [1]. - The cancellation involves stock options that were granted but not exercised by the three individuals who left the company, as they no longer meet the criteria set forth in the incentive plan [1]. - The decision to cancel the stock options was made under the authorization from the third extraordinary general meeting of shareholders in 2023 [1]. Group 2 - The company has completed the cancellation of the stock options, which does not affect its share capital or the overall structure of its equity [2]. - The cancellation of the stock options will not have a substantial impact on the company's financial condition or operating results, nor will it affect the continued implementation of the equity incentive plan [2].

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]