BPSemi(SH:688368) Zheng Quan Zhi Xing·2025-05-12 14:04Core Viewpoint - The legal opinion letter addresses the adjustments, cancellations, and vesting conditions related to the restricted stock incentive plans of Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd, confirming compliance with relevant regulations and the absence of significant impact on the company's financial status and operational results [1][35]. Summary by Sections Approval and Authorization of Adjustments - The adjustments and cancellations of the restricted stock incentive plans have been approved by the company's board and supervisory committee, in accordance with the relevant regulations [5][10][32]. - The adjustments include changes to the grant prices and quantities of the restricted stocks across multiple incentive plans [10][32]. Specifics of Adjustments - The grant prices for the incentive plans have been adjusted as follows: - For the 2021 plan, from 82.00 CNY/share to 58.07 CNY/share - For the 2021 second phase plan, from 164.00 CNY/share to 116.64 CNY/share - For the 2023 plan, from 20.00 CNY/share to 13.79 CNY/share [13][32]. Cancellations of Restricted Stocks - Cancellations involve unvested restricted stocks due to the departure of eligible participants: - 21,855.4 shares from the 2021 plan - 9,654.4 shares from the 2021 second phase plan - 9,391.2 shares from the 2022 second phase plan - 51,760.8 shares from the 2023 plan [14][15][16][32]. Vesting Conditions - The vesting conditions for the restricted stocks include: - The company must not have received a negative audit opinion - The participants must not have engaged in disqualifying actions - The performance targets must be met, with the company achieving a gross profit of 558.2 million CNY in 2024 [19][20][30][32]. Information Disclosure - The company is required to disclose relevant information regarding the adjustments, cancellations, and vesting in accordance with regulatory requirements [33][34].