Hainan Drinda New Energy Technology (02865): Partial stock option cancellation of the first phase of the 2023 stock option incentive plan completed.

Hainan Drinda New Energy Technology (02865) announced that, as the first exercise period of the stock option incentive plan for 2023 has expired for some of the incentive recipients, a total of 726,600 stock options held by 97 incentive recipients have expired unexercised. In accordance with the relevant provisions of the 2023 first phase stock option incentive plan, the company will cancel the 726,600 expired options held by the 97 incentive recipients. Furthermore, as the conditions for exercising the stock options in the second exercise period of the 2023 first phase stock option incentive plan have not been met, the stock options held by 88 incentive recipients cannot be exercised, and 9 incentive recipients are no longer eligible for the incentives due to leaving the company. In accordance with the relevant provisions of the 2023 first phase stock option incentive plan, the company will cancel a total of 776,400 stock options that have been granted but not yet exercised by the 97 incentive recipients. It is confirmed by the Shenzhen branch of China Securities Depository and Clearing Co., Ltd. that the cancellation of the above stock options was completed on June 10, 2025.