湖南启元律师事务所 HUNAN QIYUAN LAW FIRM 410007 湖南省长沙市 芙蓉区建湘路 393 号世茂环球金融中心 63 层 Tel：86-731-82953777 Fax：86-731-82953779 http://www.qiyuan.com 湖南启元律师事务所 关于劲仔食品集团股份有限公司 2025 年第三次临时股东会的 法律意见书 致：劲仔食品集团股份有限公司 湖南启元律师事务所（以下简称"本所"）受劲仔食品集团股份有限公司（以 下简称"公司"）委托，对公司 2025 年第三次临时股东会（以下简称"本次股东会"） 进行现场见证，并根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司股东会规则》（以下简称"《股东会规则》"）等中国现行法律、法规、 规章和规范性文件以及《劲仔食品集团股份有限公司章程》（以下简称"《公司 章程》"）的相关规定，出具本法律意见书。 为出具本法律意见书，本所指派律师列席了本次股东会，按照律师行业公认 的业务标准、道德规范和勤勉尽责精神，对本次股东会进行了现场见证，并核查 和验证了公司提供的与本次股东会有关的文件、资料和事实。 本所出具本法律意 ...

Core Viewpoint - The report from Huaxin Securities indicates that Jingzai Food's net profit attributable to the parent company for the first half of 2025 is 112 million yuan, a decrease of 22% year-on-year, with Q2 net profit at 44 million yuan, down 36% year-on-year. The company's performance is under short-term pressure, and attention should be paid to the results of product channel adjustments [1] Financial Performance - In H1 2025, the revenue from various product categories showed mixed results: fish products increased by 8% to 757 million yuan, bean products rose by 4% to 115 million yuan, while vegetable products and poultry products saw declines of 11% to 34 million yuan and 24% to 196 million yuan respectively. Fish and bean products maintained stable growth, while poultry products faced short-term pressure due to industry demand, seasonal shifts, and channel changes [1] - The company's revenue from distribution and direct sales in H1 2025 was 792 million yuan (down 9%) and 332 million yuan (up 29%) respectively, indicating strong growth in direct sales [1] Channel Performance - Online and offline channel revenues in H1 2025 were 185 million yuan (down 7%) and 939 million yuan (up 1%) respectively. The online channel experienced a decline due to community group buying impacts, while the offline channel expanded its coverage, reaching over 300,000 terminals and more than 3,500 distributors. The revenue from snack specialty channels continued to grow significantly [1] Strategic Initiatives - The company is accelerating the development of customized new products, exploring emerging channels, and actively promoting overseas market expansion. With the promotion of new products and deepening of channels, there is potential for incremental contributions to the company [1]

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, indicating short-term pressure on performance due to various factors including rising raw material costs and changes in sales channels [1][2]. Financial Performance - Total revenue for H1 2025 was 1.124 billion yuan, a decrease of 1% year-on-year, with a net profit of 112 million yuan, down 22% [1]. - In Q2 2025, total revenue was 528 million yuan, a decline of 10%, with a net profit of 44 million yuan, down 36% [1]. Profitability Analysis - The gross margin decreased by 2 percentage points to 28.93%, primarily due to rising raw material prices and weakened scale effects [2]. - The net profit margin fell by 4 percentage points to 8.42%, indicating short-term pressure on profitability [2]. Product and Channel Performance - Revenue from various product categories showed mixed results: fish products and bean products increased by 8% and 4% respectively, while vegetable products and poultry products decreased by 11% and 24% respectively [3]. - The company’s revenue from distribution channels decreased by 9%, while direct sales increased by 29%, highlighting strong growth in direct sales [3]. - Online sales declined by 7% due to community group buying impacts, while offline sales grew by 1%, with the company expanding its coverage to over 300,000 terminals and more than 3,500 distributors [3]. Future Outlook - The company is accelerating the development of customized new products and exploring emerging channels, with expectations for growth from new product promotions and channel deepening [4]. - EPS forecasts for 2025-2027 have been adjusted to 0.58, 0.68, and 0.80 yuan respectively, with current stock prices corresponding to PE ratios of 22, 18, and 16 times [4].

Group 1 - The company, Jinzhai Food, emphasizes the continuous optimization and enhancement of product quality [1] - The company values collaboration with snack specialty channels and aims to promote more category partnerships [1] - The company plans to develop new specifications, flavors, and processes for new products that are compatible with the channels [1]

Core Viewpoint - The legal opinion letter from Hunan Qiyuan Law Firm confirms that the conditions for the second unlock period of the restricted stock incentive plan of Jinzhai Food Group Co., Ltd. have been met, allowing for the release of certain restricted shares [1][11]. Group 1: Approval and Authorization of Unlocking - The company has obtained necessary approvals and authorizations for the second unlock period of the restricted stock incentive plan, as per the relevant regulations and internal governance [8][11]. - The board of directors and independent directors have reviewed and approved the relevant proposals, ensuring compliance with the company's articles of association and incentive plan [6][8]. Group 2: Specifics of the Unlocking Conditions - The second unlock period for the reserved grant of restricted stocks is defined as the first trading day after 24 months from the completion of the grant registration until the last trading day within 36 months [9][10]. - The unlocking condition requires that the company has not faced any adverse audit opinions or profit distribution issues, and the incentive object has not encountered any disqualifying circumstances [9][10]. Group 3: Performance Assessment - The performance assessment for unlocking the restricted stocks is based on the company's revenue and net profit growth rates, with specific targets set for the years 2023 and 2024 [10][11]. - The company must achieve a minimum revenue growth rate of 25% and a net profit growth rate of 56% for the first unlock period, and similar targets for the second unlock period [10][11]. Group 4: Individual Performance Criteria - The individual performance assessment for the incentive object is aligned with the company's existing compensation and evaluation policies, determining the proportion of stocks that can be unlocked based on individual performance results [10][11]. - The specific individual unlocking ratio is contingent upon the performance evaluation results, with a maximum unlocking potential for those rated as excellent [10][11]. Group 5: Conclusion and Next Steps - The legal opinion concludes that all necessary conditions for the unlocking of restricted stocks have been satisfied, and the company must fulfill its disclosure obligations regarding this unlocking [11][12]. - The company is required to proceed with the necessary procedures for the unlocking of shares once the second unlock period concludes [11][12].

证券代码：003000 证券简称：劲仔食品 公告编号：2025-062 劲仔食品集团股份有限公司 解除限售条件成就的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 劲仔食品集团股份有限公司（以下简称"公司"）于 2025 年 9 月 5 日召开 第三届董事会第九次会议，审议通过了《关于 2023 年限制性股票激励计划预留 授予部分第二个解锁期解锁条件成就的议案》。鉴于公司《2023 年限制性股票 激励计划》规定的预留授予的限制性股票第二个限售期已于 2025 年 9 月 5 日届 满，公司及相关激励对象的各项考核指标均已满足《2023 年限制性股票激励计 划》规定的第二个解除限售期解除限售条件。本次符合解除限售条件的激励对象 为 1 人，可解除限售的限制性股票数量为 17.5 万股，占目前公司股本总额的 限制性股票激励对象办理第二次解除限售相关事宜。 现将有关事项公告如下： 一、公司 2023 年限制性股票激励计划已履行的相关审批程序及实施情况 十次会议，审议通过了《关于公司<2023 年限制性股票激励计划(草案)>及摘要 的议案》、《关于公司<2023 ...

Core Viewpoint - The announcement details the completion of the second lock-up period and the achievement of unlocking conditions for the 2023 employee stock ownership plan of Jinzhai Food Group Co., Ltd, allowing for the unlocking of 198,000 shares, which represents 0.0439% of the company's total share capital [1][8]. Summary by Sections Implementation Progress of the 2023 Employee Stock Ownership Plan - The company held several meetings in 2023 to approve the employee stock ownership plan, including the second board meeting and the third extraordinary general meeting of shareholders, which authorized the implementation of the plan [1][2]. - On August 25, 2023, the first meeting of the plan's participants was held, establishing a management committee for the plan [2]. - The company received a confirmation of stock transfer for 396,000 shares to the employee stock ownership plan on September 7, 2023, at a price of 5.96 yuan per share, representing 0.09% of the total share capital [3]. - A total of 134,000 shares were allocated to 19 participants, excluding directors and senior management, at the same price of 5.96 yuan per share [4][6]. Completion of the Second Lock-up Period and Achievement of Unlocking Conditions - As of September 5, 2025, the second lock-up period for the first grant of the employee stock ownership plan has ended, allowing for the unlocking of 198,000 shares, which is 37.36% of the total shares granted [7][8]. - The performance assessment for unlocking conditions includes company-level and individual-level metrics, with specific revenue and net profit growth targets set for the years 2023 and 2024 [8][9]. - The company must achieve a minimum revenue growth of 25% and net profit growth of 20% for 2023, and for 2024, the targets are set at 56% and 44% respectively [9][10]. Subsequent Arrangements After Unlocking - The management committee will handle the rights related to the employee stock ownership plan following the unlocking of shares [11]. - The remuneration and assessment committee of the board has confirmed that the unlocking conditions have been met and will submit the relevant proposals for board approval [11].

Group 1 - The board meeting of Jinzhai Food Group was convened by Chairman Zhou Jinsong on September 2, 2025, with notifications sent via email and phone [1] - The board unanimously approved the proposal regarding the second unlock conditions of the 2023 restricted stock incentive plan, allowing one eligible participant to unlock 175,000 shares, which is 0.0388% of the total share capital [1][2] - The board also approved the proposal regarding the second unlock conditions of the 2023 employee stock ownership plan, allowing for the unlocking of 198,000 shares, which is 0.0439% of the current total share capital [2]

2023 年限制性股票激励计划预留授予部分第二个解除限售期 解除限售条件成就的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 劲仔食品集团股份有限公司（以下简称"公司"）于 2025 年 9 月 5 日召开 第三届董事会第九次会议，审议通过了《关于 2023 年限制性股票激励计划预留 授予部分第二个解锁期解锁条件成就的议案》。鉴于公司《2023 年限制性股票 激励计划》规定的预留授予的限制性股票第二个限售期已于 2025 年 9 月 5 日届 满，公司及相关激励对象的各项考核指标均已满足《2023 年限制性股票激励计 划》规定的第二个解除限售期解除限售条件。本次符合解除限售条件的激励对象 为 1 人，可解除限售的限制性股票数量为 17.5 万股，占目前公司股本总额的 0.0388%。根据公司 2023 年第二次临时股东大会的授权，公司将按照规定为本次 限制性股票激励对象办理第二次解除限售相关事宜。 现将有关事项公告如下： 一、公司 2023 年限制性股票激励计划已履行的相关审批程序及实施情况 证券代码：003000 证券简称：劲仔食品 公告编号：2025 ...

湖南启元律师事务所 关于劲仔食品集团股份有限公司 2023年限制性股票激励计划预留授予部分 第二个解除限售期解除限售条件成就的 法律意见书 2025 年 9 月 致：劲仔食品集团股份有限公司 湖南启元律师事务所（以下简称"本所"）接受劲仔食品集团股份有限公司（以 下简称"公司"）的委托，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》"）等法律、行政法规、部门规章及其他规范性 文件（以下简称法律法规）和《劲仔食品集团股份有限公司章程》（以下简称《公 司章程》）、《劲仔食品集团股份有限公司2023年限制性股票激励计划（草案）》 （以下简称《激励计划（草案）》）的有关规定，就公司2023年限制性股票激励 计划预留授予部分第二个解除限售期解除限售条件成就（以下简称"本次解除限 售"）的相关事项，出具本法律意见书。 本所（含经办律师）声明如下： （一）本所依据我国法律、法规、地方政府及部门规章、规范性文件及中国 证监会、深圳证券交易所的有关规定以及本法律意见书出具日以前已经发生或者 存在的事实发表法律意见。 ...