Ganfeng Lithium (SHE:002460, HKG:1772) canceled 551,250 stock options after failing to meet company performance goals for the fourth exercise period of its 2022 incentive plan.
The cancellation was confirmed May 12 via the Shenzhen depository, according to a Wednesday filing with the Shenzhen bourse.
The options were tied to fiscal years 2022 to 2025.
Shares of the lithium miner fell 4% in recent trade on the Hong Kong bourse.
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