On October 30, 2025, S.F. Holding Co., Ltd. (stock code: 6936) announced partial cancellation of stock options under its 2022 A-share stock option incentive plan and confirmed the fulfillment of conditions for the third exercise period of reserved stock options.

According to the announcement, the company’s board of directors approved the cancellation of a total of 17.5062万份 stock options previously granted but not yet exercised. Among these, 15.5625万份 were canceled due to departure or noncompliance with incentive conditions, 0.8375万份 had reached their expiration date without being exercised, and 1.1062万份 were canceled because certain individuals' performance did not fully meet personal assessment requirements.

The board also confirmed that 26 individuals qualified to exercise 19.2438万份 stock options during the third exercise period of the reserved grant, following the fulfillment of company-level and personal performance assessments as stipulated in the plan. The confirmation aligns with the terms set forth in the 2022 A-share stock option incentive plan and the relevant regulations.

The announcement states that the company will disclose information in accordance with regulatory requirements and proceed with the necessary formalities to implement these changes. No further details beyond those contained in the official announcement were provided.