Morn(SZ:002451) Zheng Quan Zhi Xing·2025-06-13 10:41Core Viewpoint - The legal opinion from Beijing Tianyuan Law Firm confirms that Shanghai Moen Electric Co., Ltd. is qualified to implement its 2025 restricted stock incentive plan, having complied with relevant laws and regulations [2][10]. Group 1: Company Background - Shanghai Moen Electric Co., Ltd. was established on May 28, 2008, and is a publicly listed company on the Shenzhen Stock Exchange since July 20, 2010, with the stock code "002451" [4][5]. - The company has a registered capital of RMB 439.2 million and operates in the research, manufacturing, and sales of wires and cables, among other activities [5]. Group 2: Incentive Plan Details - The 2025 restricted stock incentive plan aims to enhance the company's sustainable development and has been reviewed and approved by the board of directors [6][7]. - The plan includes provisions for the management structure, criteria for selecting incentive targets, and details on the distribution of restricted stock [8][9]. Group 3: Compliance and Procedures - The company has fulfilled the necessary procedures for the incentive plan, including board approval and public disclosure of relevant documents [7][10]. - The incentive plan's targets include 17 individuals, primarily directors and senior management, excluding independent directors and significant shareholders [9][11]. Group 4: Financial Support and Impact - The company has committed not to provide any financial assistance to the incentive targets for acquiring restricted stock, aligning with regulatory requirements [10][11]. - The implementation of the incentive plan is deemed beneficial for the company and its shareholders, with no identified risks of harming their interests [10][11].