Zheng Quan Zhi Xing·2025-06-03 09:23Core Viewpoint - The legal opinion letter confirms that Changfei Fiber Optic Co., Ltd. is qualified to implement its 2025 Employee Stock Ownership Plan (ESOP) and has complied with relevant legal procedures and regulations [4][15]. Group 1: Company Overview - Changfei Fiber Optic Co., Ltd. is a publicly listed company on the Shanghai Stock Exchange and the Hong Kong Stock Exchange, with a registered capital of 7.57905108 billion RMB [5][6]. - The company specializes in the research, development, production, and sales of optical fibers, cables, and related communication products [4][5]. Group 2: Employee Stock Ownership Plan (ESOP) - The 2025 ESOP is designed to enhance the company's incentive system and is based on voluntary participation from employees, ensuring no forced participation [7][12]. - The plan allows for a maximum of 10% of the company's total share capital to be held under the ESOP, with individual employee holdings capped at 1% of the total share capital [8][9]. - The ESOP will be managed by a management committee, which is responsible for daily operations and representing shareholders' rights [9][10]. Group 3: Legal Compliance and Procedures - The company has followed necessary legal procedures, including obtaining opinions from employee representatives and board approvals, ensuring compliance with the Company Law and Securities Law [10][12]. - The legal opinion letter states that the ESOP has met the requirements of the "Guiding Opinions" and "Self-Regulatory Guidelines" regarding legal compliance and information disclosure [14][15]. - The company is required to hold a shareholders' meeting to approve the ESOP before implementation [14][15].