HC TECH GP cancels 174.8 million stock options
HC TECH GP announced the cancellation of 174.8 million unvested and unexercised stock options due to the failure to meet vesting conditions. This decision was approved by the board of directors on September 24, 2025, aiming to align with the best interests of the company and its shareholders, ensuring compliance and proper management of the plan
According to the announcement from HC TECH GP (01116), the company's board of directors (the Board) resolved on September 24, 2025, to cancel all 174.8 million unvested and unexercised stock options granted to Ling Li, after considering the opinions of independent legal advisors and in accordance with the terms of the consulting agreement and stock option plan.
Since the vesting conditions stipulated in the consulting agreement and stock option plan were not met, the stock options did not vest and therefore cannot be exercised. The Board believes that the cancellation is in the best interests of the company and its shareholders to ensure compliance and proper management of the plan
