Autel(688208) 证券之星·2025-03-28 15:02Core Viewpoint - The legal opinion letter addresses the cancellation of unvested restricted stock under the 2021 Restricted Stock Incentive Plan of Shenzhen Daotong Technology Co., Ltd, confirming that the necessary approvals and authorizations have been obtained for this action [1][8]. Summary by Sections Approval and Authorization of Cancellation - The company's shareholders authorized the board to handle various matters related to the stock incentive plan, including determining the authorization date, adjusting the number and price of restricted stocks in case of capital changes, and managing the vesting qualifications of the incentive objects [2][4][5]. Details of the Cancellation - The cancellation is due to the company's failure to meet performance targets, resulting in 1.3576 million shares of restricted stock being rendered unvested and subsequently canceled [9]. - The company achieved a revenue of approximately 3.93 billion yuan in 2024, a 74.48% increase from 2021, and a gross profit of about 2.18 billion yuan, a 67.42% increase from 2021, but did not meet the necessary performance criteria for the vesting of the restricted stocks [9]. Conclusion - The legal opinion concludes that the cancellation of the unvested restricted stock has received the required approvals and complies with relevant laws and regulations, including the Company Law and Securities Law [8][9].