OneDrive - extending the expiration date of sharing links

As sharing links approach expiration, users receive warnings through two means. First, a banner appears in OneDrive for Business: 

The second method is email. SharePoint sends a note to people to advise them when sharing links are within 21 days of expiration "These people will lose access soon":

 In both cases, the Manage (or Manage access) link allows the user to update the soon-to-expire sharing links: 

To extend the validity of a sharing link, select a user and click Yes, extend. SharePoint Online will then extend the sharing link by the maximum period allowed,