S.F. Holding Co., Ltd. (Stock Code: 6936; in mainland China, known as 顺丰控股股份有限公司 with A-share stock code 002352) published an overseas regulatory announcement regarding the 2022 A-Share Stock Option Incentive Plan. According to the document, the company’s board of directors has confirmed that the third exercise period conditions have been met for the plan’s reserved stock options.

The plan’s reserved stock options were originally granted on October 28, 2022. Under the incentive plan, participants may exercise 25% of their reserved stock options upon the third exercise window. The third exercise period extends from October 28, 2025, to October 27, 2026. Key corporate performance criteria—focusing on the company’s operating income or net profit margin in 2024—have been achieved, with a 3.6% net profit margin (above the 2.9% threshold). Furthermore, individual performance reviews were conducted, and only 26 eligible participants met both company-level and personal-level criteria.

According to the announcement, the total number of reserved stock options across the third exercise period is 19.2438 thousand (equivalent to approximately 23.64% of all reserved stock options under the plan). The exercise price for qualified participants is set at RMB 39.301 per share.

The board and supervisory committee have approved the relevant procedures, and the company will carry out subsequent steps in compliance with applicable regulations and disclosures.