Summary by Moomoo AI
Wuxi AppTec announced on July 29, 2024 that, under its 2019 Restricted Stock and Stock Option Incentive Plan, the company had agreed to cancel a total of 31,509 stock options that had been granted to 7 incentive recipients who had left the company or failed to exercise the options during the exercise period. The cancellation has been approved by the Board of Directors and the Supervisory Board and is in compliance with relevant laws and regulations as well as the Incentive Plan. Fangda Partners (Beijing) Law Firm has issued a legal opinion on the cancellation, confirming that the cancellation procedures and quantity are legal and effective, and that the act does not harm the interests of the company and all shareholders.
