China COSCO Shipping Corporation Limited (00598.HK) plans to cancel 21,513,100 unexercised stock options.

The Zhifinancial APP News reported that China COSCO Shipping Corporation Limited (00598.HK) announced that at the 19th meeting of the fourth session of the Board of Directors held on December 5, 2025, the board passed a resolution on the "Proposal on the non-achievement of the exercise conditions of the third exercise period of the first phase of the stock option incentive plan of the company" and the "Proposal on the cancellation of part of the stock options". The 21.5131 million stock options granted in the third exercise period of the first phase of the company's stock option incentive plan that did not achieve the exercise conditions will be invalidated by the company; at the same time, the company plans to cancel 504,200 stock options granted but not exercised in the second exercise period.