CHINA LESSO (02128) Terminates Share Award Scheme

Stock News08-29

CHINA LESSO (02128) announced that since the adoption of its share award scheme up to the date of this announcement, no shares have been granted under the scheme. Given that the company does not expect to make further awards under the scheme before its expiration and in order to reduce administrative costs, the Board of Directors has resolved to terminate the scheme effective August 31, 2025.

According to the scheme rules, the scheme will terminate at the end of the award period or on an earlier termination date decided by the Board of Directors (whichever is earlier), but such termination shall not affect any existing rights of any selected participants. Since no participants have been selected, the Board believes that the termination will not affect any subsisting rights of any selected participants, will not have any material adverse impact on the company, and is in the overall best interests of the company and its shareholders.

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