Pinming Software(SH:688109) Zheng Quan Zhi Xing·2025-05-30 09:32Core Viewpoint - The legal opinion issued by Grandall Law Firm confirms that the employee stock ownership plan (ESOP) of Pinming Technology Co., Ltd. for 2025 has complied with relevant laws and regulations, including necessary decision-making and approval procedures [1][4][8]. Group 1: Employee Stock Ownership Plan Details - The ESOP involves adjustments to the transfer price and the number of shares held by participants due to a profit distribution plan that was implemented on May 30, 2025 [4][5]. - The transfer price for the shares has been adjusted from 14.00 yuan per share to 13.63 yuan per share following the profit distribution [5][7]. - The plan's holder distribution includes 265.785 million shares allocated to directors, supervisors, and senior management, representing 29.55% of the total, while 633.795 million shares are allocated to other employees, representing 70.45% [6][7]. Group 2: Compliance and Approval Procedures - The company has followed the necessary decision-making and approval processes, including obtaining opinions from employee representatives and ensuring that related parties recused themselves from voting [4][8]. - The adjustments made to the ESOP have been deemed legal and compliant with the guidelines set forth by the China Securities Regulatory Commission and other regulatory bodies [7][8]. - The company has fulfilled its information disclosure obligations as required by the relevant regulations and will continue to do so as the ESOP progresses [7][8].