ZTE Corporation (00763) plans to cancel 49.17 million stock options.

ZTE Corporation (00763) announced that on November 19, 2024, the ninth session of the Board of Directors held the thirty-fifth meeting and approved the proposal to cancel the third batch of stock options granted in the first issuance of the 2020 Stock Option Incentive Plan. The company agreed to cancel 49.17 million unexercised stock options in the third batch of the first issuance of the 2020 Stock Option Incentive Plan.