Singao Group (01611.HK) proposed terminating the existing stock purchase plan and adopting a new stock purchase plan.

Update from the Wise Wealth APP, New Fire Group (01611.HK) announced that the existing stock option plan was approved on October 27, 2016 and will expire on October 26, 2026. According to the terms of the existing stock option plan, the Board of Directors may terminate the existing stock option plan at any time. In this case, no further stock options may be granted. However, the provisions of the existing stock option plan remain in full force and effect to the extent necessary to implement any stock options granted prior to its termination or in other circumstances as may be provided for in the existing stock option plan. The Board of Directors decided on July 21, 2026 to terminate the existing stock option plan after the new stock option plan was unconditionally adopted.