Baolong Automotive(SH:603197) Zheng Quan Zhi Xing·2025-05-28 09:22Core Viewpoint - The legal opinion letter issued by Shanghai Panming Law Firm confirms that Shanghai Baolong Automotive Technology Co., Ltd. has complied with necessary approval and decision-making procedures for adjusting the exercise price of stock options under its 2021 restricted stock and stock option incentive plan [4][8]. Group 1: Adjustment Procedures - The adjustment of the exercise price of stock options is based on the company's compliance with the relevant laws and regulations, including the Company Law and Securities Law, as well as the management measures for equity incentives [2][4]. - The board of directors and the supervisory board have approved the adjustment proposal, ensuring that the necessary decision-making processes were followed [5][8]. Group 2: Adjustment Details - The initial exercise price of the stock options was set at 54.05 yuan per share, which has been adjusted to 53.74 yuan per share following a cash dividend distribution of 0.31 yuan per share [7]. - After subsequent cash dividend distributions of 0.64 yuan and 0.21 yuan per share, the exercise price was further adjusted to 53.10 yuan and then to 52.89 yuan per share, respectively [7][8]. - The latest proposed adjustment will bring the exercise price down to 52.38 yuan per share, maintaining compliance with the management measures and ensuring the price remains above 1 yuan [8].