GREENTOWN MGMT(09979): Termination of the 2022 Stock Incentive Plan and proposal to adopt the 2025 Stock Incentive Plan.

GREENTOWN MGMT (09979) announced that in order to further optimize the group's stock incentive plan and provide incentives that are more in line with the current market conditions to eligible participants, the company proposes to replace the 2022 stock award plan with a new stock incentive plan. According to the board resolution, the 2022 stock award plan will terminate once the 2025 stock incentive plan becomes effective. On December 17, 2025, the board recommended adopting the 2025 stock incentive plan at a special shareholders' meeting for approval. The shares under the 2025 stock incentive plan will come from the 2022 stock award plan and (if applicable) the 2020 stock award plan (if the 2020 stock award plan is terminated and there are unallocated shares that have not been granted to eligible participants), as well as returned shares. As of the date of this announcement, the 2020 stock award plan has not been terminated. Upon adoption of the 2025 stock incentive plan, with the consent of the grantee of the 2022 stock award plan, all allocated but unvested shares under the 2022 stock award plan will become unallocated shares under the 2022 stock award plan, and the grantee will no longer have rights to those shares. Therefore, all allocated shares will become unallocated shares, and any unallocated shares from the previous plan will be transferred to the 2025 stock incentive plan.