BANGYAN TECHNOLOGY completes the cancellation of part of the stock option incentive plan for 2023

On April 8, 2025, BANGYAN TECHNOLOGY held a board of directors and supervisory board meeting to review and approve the proposal to cancel part of the stock option incentive plan for 2023. First, due to personal reasons, 6 incentive targets left the company, resulting in the cancellation of 66,500 stock options from the second phase that had been granted but not exercised; second, due to the company's revenue and net profit in 2024 declining compared to 2022 and not meeting performance assessment conditions, the 723,900 stock options available for exercise for all incentive targets in the second exercise period were canceled. In summary, the company canceled a total of 761,900 stock options that had been granted but not exercised. Currently, the cancellation process has been completed, and it has no impact on the company's equity