CATL: Cancellation of 2404 stock options.

Ningde Times announced that the company held a board of directors and board of supervisors meeting on December 5, 2025, and approved the proposal to cancel a portion of the stock options that have been granted but not yet exercised. Due to some incentive recipients leaving the company and the expiration of the third exercise period without exercising the options, a total of 2404 stock options need to be cancelled. This matter has been completed in accordance with the provisions of the 2021 incentive plan and will not affect the company's share capital or the continued implementation of the plan.