AWINIC(SH:688798) Zheng Quan Zhi Xing·2025-05-30 12:18Core Viewpoint - The legal opinion letter from Beijing Jincheng Tongda (Shanghai) Law Firm confirms the validity of the cancellation of 1,104,260 shares of unvested restricted stock under the 2021 incentive plan of Shanghai Aiwei Electronics Technology Co., Ltd, based on compliance with relevant laws and regulations [2][9]. Group 1: Approval and Authorization - The company has obtained necessary approvals and authorizations for the cancellation of the restricted stocks, including resolutions from the board and supervisory committee [3][5][7]. - The independent directors have provided opinions supporting the adjustments and cancellations related to the incentive plan [5][6]. Group 2: Specifics of the Cancellation - The cancellation involves 90,874 shares due to the departure of 55 incentive recipients, as per the provisions of the incentive plan [7]. - A total of 1,013,386 shares are canceled because the company did not meet performance targets for the fourth vesting period, which required revenue of 5.5 billion yuan and net profit of 550 million yuan [8]. Group 3: Information Disclosure - The company is required to fulfill information disclosure obligations regarding the cancellation, in accordance with the incentive plan and relevant regulations [8][9]. - The legal opinion confirms that the company has complied with necessary disclosure requirements as of the date of the opinion [9].