Huiyuan Cowins Technology Group Limited (Stock Code: 1116) has announced a proposal to terminate the share option scheme adopted on 31 May 2019. Under the current terms, no further options will be granted prior to the upcoming general meeting, and any options previously granted remain valid and exercisable according to the existing rules.

The company proposes a new share option scheme aligned with the latest requirements of Chapter 17 of the Listing Rules. Its implementation is subject to shareholder approval via ordinary resolution and subsequent approval by the Listing Committee of The Stock Exchange of Hong Kong. A circular detailing the proposal, including principal terms and notice of the extraordinary general meeting, is expected to be dispatched to shareholders in due course.