Autu Electronics completed the cancellation of some stock options in 2023, totaling 1.799 million shares.
On August 25, 2025, Shenzhen Aoto Electronics Co., Ltd. held a meeting to review and approve the proposal to cancel a portion of the stock options from the 2023 Stock Option Incentive Plan. Due to the failure to meet performance targets in 2024, 162.05 million stock options were cancelled for 80 incentive recipients who were granted their second exercise period for the first time. Yang Wenchao was no longer eligible to serve as a supervisor and his 15.40 million shares were cancelled. One incentive recipient resigned, resulting in the cancellation of 2.45 million shares. In total, 179.90 million shares were cancelled. After verification by the Shenzhen branch of China Securities Depository and Clearing Corporation, the cancellation was completed on September 8th. The cancelled stock options had not been exercised, and did not affect the company's share capital.
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