SINOTRANS (00598) announced that during its 19th meeting of the fourth board of directors held on December 5, 2025, the company reviewed and approved the proposal to cancel a portion of stock options. The board agreed to cancel 21.513 million stock options from the third exercise period that were granted but not exercisable, along with 504,200 stock options from the second exercise period that were granted but unexercised, totaling 22.017 million canceled stock options.

The company has submitted the cancellation application to China Securities Depository and Clearing Corporation Limited (Shanghai Branch). Upon review and confirmation, the cancellation of the 22.017 million stock options has been completed.

This cancellation complies with the "Administrative Measures for Equity Incentives of Listed Companies" and the "SINOTRANS Stock Option Incentive Plan (Phase I)." It will not affect the company's total shares or capital structure. With this, the implementation of the "SINOTRANS Stock Option Incentive Plan (Phase I)" has been concluded.