Core Viewpoint - The company is set to implement a 2025 restricted stock incentive plan, which aims to enhance its long-term incentive mechanism and align the interests of the company, shareholders, and management [1][3]. Group 1: Compliance and Eligibility - The company has confirmed that there are no prohibitive circumstances under relevant laws and regulations that would prevent the implementation of the stock incentive plan [1][2]. - The incentive plan's targets include senior management, middle management, and core technical personnel, excluding independent directors and shareholders holding more than 5% of the company's shares [2]. Group 2: Process and Approval - The formulation and review process of the incentive plan comply with the relevant laws and regulations, ensuring that it does not harm the interests of the company or its shareholders [2][3]. - The plan requires approval from the company's shareholders before it can be implemented [2]. Group 3: Benefits of the Incentive Plan - The implementation of the incentive plan is expected to improve management efficiency, promote sustainable development, and ensure the achievement of the company's strategic and operational goals [3].

Core Viewpoint - The legal opinion letter from Merits & Tree Law Offices confirms the legality and compliance of Wenzhou Yuanfei Pet Toy Co., Ltd.'s 2025 restricted stock incentive plan, which aims to attract and retain talent while aligning the interests of shareholders, the company, and key personnel [1][2][4]. Group 1: Company Overview - Wenzhou Yuanfei Pet Toy Co., Ltd. is a legally established and validly existing listed company, with a registered capital of 190.89 million RMB and a business scope that includes the production and sale of pet toys and related products [4][5]. - The company has been publicly listed on the Shenzhen Stock Exchange since August 18, 2022, with a total of 34.1 million shares issued [5]. Group 2: Incentive Plan Details - The 2025 restricted stock incentive plan aims to establish a long-term incentive mechanism to motivate senior management, middle management, and core technical personnel, ensuring alignment of interests among all parties [6][7]. - The plan involves granting up to 2.50954 million shares of restricted stock, accounting for 1.31% of the company's total share capital of 190.89 million shares [10][11]. Group 3: Eligibility and Conditions - The incentive plan targets 62 individuals, including senior management and core technical personnel, excluding independent directors and major shareholders [7][8]. - The granting of restricted stock is contingent upon the fulfillment of specific performance conditions and compliance with legal regulations [24][25]. Group 4: Granting and Vesting Conditions - The initial grant price for the restricted stock is set at 9.63 RMB per share, which is compliant with the relevant regulations [21][22]. - The vesting schedule includes a 12-month, 24-month, and 36-month period for the initial grant, with specific performance targets set for each year [19][28]. Group 5: Legal Compliance and Procedures - The legal opinion confirms that the incentive plan has undergone necessary legal procedures, including board and shareholder approvals, and is in compliance with the Company Law, Securities Law, and relevant regulations [31][30]. - The plan includes provisions for adjustments in case of corporate actions such as stock splits or dividends, ensuring that the incentive structure remains intact [29][30].

Core Viewpoint - The article discusses the compliance requirements and conditions for stock incentive plans of listed companies, emphasizing the need for adherence to regulations and the importance of transparency in the implementation of such plans [4][5][6]. Compliance Requirements for Listed Companies - Financial reports for the most recent accounting year must not have received a negative or unable-to-express opinion from auditors [4]. - Internal controls must also be free from negative opinions or inability to express opinions from auditors [4]. - There should be no instances of profit distribution that violate laws, regulations, or company commitments in the last 36 months [4]. Compliance Requirements for Incentive Objects - Incentive objects must not include shareholders or actual controllers holding more than 5% of the company's shares [4]. - They must not have been recognized as inappropriate candidates by the China Securities Regulatory Commission (CSRC) in the last 12 months [4]. - There should be no significant legal violations leading to administrative penalties or market bans by the CSRC in the last 12 months [4]. Compliance Requirements for Incentive Plans - The total number of shares involved in all effective stock incentive plans must not exceed 10% of the company's total equity [5]. - Individual incentive objects must not receive more than 1% of the company's total equity through all effective stock incentive plans [5]. - The reserved rights for incentive objects must not exceed 20% of the total rights to be granted in the current incentive plan [5]. Disclosure Requirements for Incentive Plans - The purpose of the incentive plan, criteria for selecting incentive objects, and the number of rights to be granted must be clearly stated [5]. - The plan must include details on the effective period, grant dates, and any conditions for exercising rights [6]. - The plan must also disclose the methods for determining the grant price and exercise price, including any independent financial advisor's opinions on the plan's feasibility [6]. Performance Assessment Criteria - Performance assessment indicators must be objective, clear, and beneficial for enhancing the company's competitiveness [8]. - The plan should include a clear process for granting rights and exercising them, ensuring compliance with relevant regulations [6][8].

Core Viewpoint - The company, Wenzhou Yuanfei Pet Toy Co., Ltd., has proposed a restricted stock incentive plan aimed at attracting and retaining talent, aligning the interests of shareholders, the company, and key personnel for long-term development [1][8]. Group 1: Incentive Plan Overview - The incentive plan involves granting 2,509,540 restricted shares, accounting for approximately 1.31% of the company's total share capital of 190,890,000 shares [2][13]. - The initial grant consists of 2,009,540 shares (1.05% of total shares), with a reserve of 500,000 shares (0.26% of total shares) [2][13]. - The grant price for the restricted shares is set at 9.63 yuan per share [2][20]. Group 2: Eligibility and Management - The plan targets 62 individuals, including senior and middle management, as well as core technical personnel, excluding independent directors and major shareholders [3][11]. - The plan will be managed by the company's board of directors, with a compensation and assessment committee overseeing its implementation [9][10]. Group 3: Performance Conditions - The performance assessment for the first grant will be based on the company's revenue targets for the years 2025 (1.772 billion yuan), 2026 (2.33 billion yuan), and 2027 (2.74 billion yuan) [23][24]. - The release of shares from restrictions is contingent upon meeting these performance targets, with specific percentages of shares becoming available based on the achievement of revenue goals [23][24]. Group 4: Adjustments and Compliance - The plan includes provisions for adjustments to the number of restricted shares and grant prices in the event of corporate actions such as stock splits or capital increases [28][29]. - The company commits not to provide financial assistance to incentive recipients for acquiring shares under this plan [4][5].

证券简称：源飞宠物 证券代码：001222 温州源飞宠物玩具制品股份有限公司 2025 年限制性股票激励计划 （草案）摘要 温州源飞宠物玩具制品股份有限公司 二〇二五年七月 声 明 本公司及全体董事保证本激励计划草案及其摘要不存在虚假记载、误导性陈 述或重大遗漏，并对其真实性、准确性、完整性承担个别和连带的法律责任。 本公司所有激励对象承诺，若公司因信息披露文件中有虚假记载、误导性陈 述或者重大遗漏，导致不符合授予权益或行使权益安排的，激励对象应当自相关 信息披露文件被确认存在虚假记载、误导性陈述或者重大遗漏后，将由参与本激 励计划所获得的全部利益返还公司。 特别提示 一、《温州源飞宠物玩具制品股份有限公司2025年限制性股票激励计划（草 案）》（以下简称"本激励计划"）系依据《中华人民共和国公司法》《中华人 民共和国证券法》《上市公司股权激励管理办法》《深圳证券交易所上市公司自 律监管指南第1号——业务办理》等有关法律、法规、规范性文件以及《温州源 飞宠物玩具制品股份有限公司章程》制订。 二、本激励计划采取的激励工具为限制性股票，股票来源为温州源飞宠物玩 具制品股份有限公司（以下简称"源飞宠物""公司"或" ...

| 20 | 股权激励计划的有效期从首次授予权益日起是否未超过 年 10 | 是 | | --- | --- | --- | | 21 | 股权激励计划草案是否由薪酬与考核委员会负责拟定 | 是 | | | 股权激励计划披露完整性要求 | | | 22 | 股权激励计划所规定事项是否完整 | 是 | | | （1）对照《股权激励管理办法》的相关规定，逐条说明是否存 | 是 | | | 在上市公司不得实行股权激励以及激励对象不得参与股权激励 | | | | 的情形；说明股权激励计划的实施是否会导致上市公司股权分布 | | | | 不符合上市条件 | | | | （2）股权激励计划的目的、激励对象的确定依据和范围 | 是 | | | （3）拟授出的权益数量，股权激励计划拟授出权益涉及的标的 | | | | 股票种类、来源、权益数量及占上市公司股本总额的比例百分比； | | | | 若分次实施的，每次拟授出的权益数量，涉及的标的股票数量及 | | | | 占上市公司股本总额的比例百分比；设置预留权益的，拟预留的 | 是 | | | 权益数量及占股权激励计划权益总额的比例百分比；所有在有效 | | | | 期内的股权 ...

温州源飞宠物玩具制品股份有限公司 2025 年限制性股票激励计划激励对象名单 一、激励对象名单及拟授出权益分配情况 温州源飞宠物玩具制品股份有限公司（以下简称"公司"）2025 年限制性股 票激励计划（以下简称"本激励计划"）拟授出权益在各激励对象间的分配情况如 下表所示： 2、任何一名激励对象通过全部在有效期内的股权激励计划获授的公司股票数量累计未超过 公司股本总额的1.00%。公司全部有效期内股权激励计划所涉及的标的股票总数累计未超过公司 股本总额的10.00%。 3、在限制性股票授予前，激励对象因离职或个人原因自愿放弃获授权益的，由董事会对授 予数量作相应调整，将激励对象放弃的限制性股票份额直接调减或在激励对象之间进行分配和调 整或调整至预留部分，但调整后预留权益比例不得超过本激励计划拟授予权益数量的20.00%， 调整后任何一名激励对象通过全部在有效期内的股权激励计划获授的本公司股票均不超过公司 总股本的1.00%。 4、本激励计划涉及的激励对象不包括独立董事，也不包括单独或合计持有公司5%以上股份 的股东或实际控制人及其配偶、父母、子女。 5、预留授予部分的激励对象由本激励计划经股东会审议通过后12 ...

证券简称：源飞宠物 证券代码：001222 温州源飞宠物玩具制品股份有限公司 2025 年限制性股票激励计划 （草案） 温州源飞宠物玩具制品股份有限公司 二〇二五年七月 声 明 本公司及全体董事保证本激励计划草案及其摘要不存在虚假记载、误导性陈 述或重大遗漏，并对其真实性、准确性、完整性承担个别和连带的法律责任。 本公司所有激励对象承诺，若公司因信息披露文件中有虚假记载、误导性陈 述或者重大遗漏，导致不符合授予权益或行使权益安排的，激励对象应当自相关 信息披露文件被确认存在虚假记载、误导性陈述或者重大遗漏后，将由参与本激 励计划所获得的全部利益返还公司。 特别提示 一、《温州源飞宠物玩具制品股份有限公司2025年限制性股票激励计划（草 案）》（以下简称"本激励计划"）系依据《中华人民共和国公司法》《中华人 民共和国证券法》《上市公司股权激励管理办法》《深圳证券交易所上市公司自 律监管指南第1号——业务办理》等有关法律、法规、规范性文件以及《温州源 飞宠物玩具制品股份有限公司章程》制订。 二、本激励计划采取的激励工具为限制性股票，股票来源为温州源飞宠物玩 具制品股份有限公司（以下简称"源飞宠物""公司"或"本公 ...

关于 温州源飞宠物玩具制品股份有限公司 2025 年限制性股票激励计划的 法律意见书 植德（证）字[2025]0035 号 北京植德律师事务所 二〇二五年七月 北京植德律师事务所 Merits & Tree Law Offices 北京市东城区东直门南大街 1 号来福士中心办公楼 12 层 邮编：100007 12th Floor, Raffles City Beijing Office Tower, No.1 Dongzhimen South Street, Dongcheng District, Beijing 100007 P.R.C 电话(Tel)：010-56500900 传真(Fax)：010-56500999 www.meritsandtree.com 释 义 本法律意见书中，除非文义另有所指，下列词语或简称具有如下含义： | 源飞宠物、公司、上市 | 指 | 温州源飞宠物玩具制品股份有限公司 | | --- | --- | --- | | 公司 | | | | 本次股权激励 | 指 | 温州源飞宠物玩具制品股份有限公司 年限制性股票 2025 | | | | 激励计划 | | 《激励计划（草案 ...

温州源飞宠物玩具制品股份有限公司 2025 年限制性股票激励计划实施考核管理办法 温州源飞宠物玩具制品股份有限公司（以下简称"公司"）为了进一步建立、 健全公司长效激励机制，吸引和留住优秀人才，充分调动公司（含控股子公司、 分公司，下同）任职的高级管理人员、中层管理人员及核心技术（业务）骨干的 积极性，有效地将股东利益、公司利益和核心团队个人利益结合在一起，使各方 共同关注公司的长远发展，在充分保障股东利益的前提下，按照收益与贡献对等 的原则，公司制定了《温州源飞宠物玩具制品股份有限公司 2025 年限制性股票 激励计划（草案）》（以下简称"本激励计划"或"《激励计划（草案）》"）。 为保证本激励计划的顺利进行，根据《中华人民共和国公司法》（以下简称 "《公司法》"）《中华人民共和国证券法》（以下简称"《证券法》"）《上市公 司股权激励管理办法》（以下简称"《管理办法》"）《深圳证券交易所上市公司 自律监管指南第 1 号——业务办理》（以下简称"《自律监管指南第 1 号》"）等 有关法律、行政法规和规范性文件以及《温州源飞宠物玩具制品股份有限公司章 程》（以下简称"《公司章程》"）等的规定，并结合公司的实际情 ...