Hymson(SH:688559) Zheng Quan Zhi Xing·2025-05-23 10:31Core Viewpoint - The legal opinion letter from Taihe Tai (Nanjing) Law Firm confirms that the company has fulfilled necessary approvals and authorizations regarding the 2024 restricted stock incentive plan, including the achievement of vesting conditions and the cancellation of certain unvested stocks [1][7][10]. Group 1: Approval and Authorization - The company has received necessary approvals for the implementation of the 2024 restricted stock incentive plan, including the authorization for granting restricted stocks to 568 incentive targets on February 28, 2024, totaling 4.7635 million shares [6][10]. - The supervisory board has verified the list of incentive targets and issued a verification opinion, confirming that no objections were raised during the public notice period [5][6]. Group 2: Vesting Conditions - The first vesting period for the restricted stocks is defined as the period from 12 months after the grant date to the last trading day within 24 months [8]. - The company achieved a revenue of approximately 4.52 billion yuan in 2024, meeting the performance assessment target for the first vesting period, which required a minimum revenue of 4.4 billion yuan [10]. Group 3: Cancellation of Restricted Stocks - A total of 592,494 shares of restricted stocks were canceled due to non-fulfillment of vesting conditions, including 142,905 shares that did not meet the company-level performance criteria [10][12]. - The cancellation also includes shares from 74 incentive targets who have left the company, as well as shares from individuals rated as "B" or "C" in the performance assessment [11][12]. Group 4: Conclusion - The legal opinion concludes that the company has complied with relevant laws and regulations regarding the vesting and cancellation of restricted stocks, confirming that the actions taken are in accordance with the management measures and the incentive plan [7][12].