Megvii Technology (03986.HK): Partial stock option cancellation completed

Zhaoyi Innovation (03986.HK) announced that the company held its 5th board of directors' 11th meeting on April 29, 2026, and approved the proposal on canceling some stock options and repurchasing and canceling some restricted stocks. The company agreed to cancel a total of 676,485 shares of stock options for the years 2020, 2021, 2023, and 2024 that had been granted but not exercised due to reasons such as some incentive recipients leaving the company and individual performance falling below standard. The company has submitted an application to cancel the aforementioned stock options to China Securities Depository and Clearing Corporation Limited Shanghai Branch. After being reviewed and confirmed by the Shanghai Branch of China Securities Depository and Clearing Corporation Limited, the company completed the cancellation of these stock options on June 25, 2026. This cancellation of stock options does not have any impact on the company's share capital.