China EnvRes granted a total of 29,604,600 stock options

According to the announcement from China EnvRes (01130), as of the date of this announcement, there are 15,894,300 stock options (granted in the 2016 and 2018 batches and adjusted due to share consolidation) that entitle the holders to subscribe for a total of 15,894,300 shares (outstanding stock options), which are still outstanding and have not been exercised, accounting for approximately 3.25% of the total issued share capital of the company as of the date of this announcement. The Board of Directors (the Board) announced that, following mutual agreements between the company and each remaining grantee, the outstanding stock options have been canceled as of the date of this announcement in accordance with the terms of the stock option plan. Following the aforementioned cancellation, the company has no outstanding stock options. On February 14, 2025 (the grant date), the company resolved to grant a total of 29,604,600 stock options to 15 eligible individuals (collectively referred to as "grantees") under the stock option plan, allowing for the subscription of a total of 29,604,600 shares (equivalent to approximately 6.06% of the total issued shares as of the date of this announcement), but this will only take effect upon acceptance by the grantees (the grant). The company believes that granting stock options to directors and employees can motivate them to continue creating value for the group without increasing its operating costs. The number of stock options granted to them is determined with reference to (including) their past performance and contributions, market conditions, and the potential benefits and/or revenues that their work may bring to the group