On May 12, 2026, Ganfeng Lithium Group Co.,Ltd. (002460.SZ) announced the cancellation of 551,250 stock options from its 2022 stock option incentive plan. These options were not eligible for exercise in the fourth vesting period as the company failed to meet the specified performance targets. The cancellation process has been completed following confirmation by the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch. This action does not affect the company's share capital, and there has been no change to the capital structure.

According to the company's "2022 Stock Option Incentive Plan (Draft)," the exercise assessment covers four fiscal years from 2022 to 2025, with an annual evaluation. If the company does not achieve the performance targets for a given assessment year, all corresponding options for that year become ineligible for exercise and are subject to cancellation by the company. The current cancellation is a result of the company not meeting the performance criteria for the fourth vesting period.

Previously, the company's sixth board of directors held its 15th meeting on April 29, 2026, where the relevant proposal was reviewed and approved. The cancellation announcement was disclosed on April 30.