SHANDONG XINHUA (00719) cancels 257,400 stock options.

SHANDONG XINHUA (00719) announced that due to job adjustments, personal reasons, and retirement, 2 individuals from the incentive recipients of the company's 2021 A-share stock option incentive plan have lost their qualification as incentive recipients. According to the company's "2021 A-share Stock Option Incentive Plan (Draft)" regulations, the company has cancelled the 257,400 unexercised stock options held by these individuals. This cancellation involves a total of 257,400 unexercised stock options, accounting for 0.04% of the company's total share capital before the cancellation. The stock option cancellation is in compliance with relevant laws, administrative regulations, departmental rules, normative documents, the SHANDONG XINHUA Limited Company Articles of Association, and the SHANDONG XINHUA Limited Company 2021 A-share stock option incentive plan (draft) regulations. The company has completed the cancellation of the 257,400 unexercised stock options at the Shenzhen branch of China Securities Depository and Clearing Corporation. This cancellation does not affect the company's share capital, and there has been no change in the company's share capital structure.