Shanghai Zhongchen Electronic Technology (SH:603275) Zheng Quan Zhi Xing·2025-06-13 13:19Core Viewpoint - The legal opinion letter confirms the legality and compliance of Shanghai Zhongchen Electronic Technology Co., Ltd.'s 2025 second phase restricted stock incentive plan, ensuring it aligns with relevant laws and regulations [2][38]. Group 1: Company Overview - Shanghai Zhongchen Electronic Technology Co., Ltd. is a publicly listed company with a total share capital of RMB 1,487.71851 million [7]. - The company is engaged in the research, design, production, and sales of frequency converters and electrical machinery [7]. Group 2: Incentive Plan Details - The incentive plan involves granting 406,500 restricted stocks, accounting for 0.27% of the company's total share capital [8][10]. - The plan is designed to motivate and retain key technical personnel, with a total of 9 individuals identified as incentive recipients, representing 1.06% of the total workforce [9][36]. Group 3: Legal Compliance and Procedures - The plan has undergone necessary legal checks and complies with the Securities Law, Company Law, and relevant regulations [3][38]. - The company has fulfilled the required procedures for implementing the incentive plan, including board and supervisory committee approvals [32][34]. Group 4: Performance and Vesting Conditions - The vesting of restricted stocks is contingent upon meeting specific performance targets, including revenue growth rates of at least 15%, 30%, and 45% over different periods [28][30]. - The granting price for the restricted stocks is set at RMB 20.72 per share, which is compliant with the stipulated pricing regulations [20][21]. Group 5: Impact on Stakeholders - The incentive plan aims to align the interests of shareholders, the company, and the core team, promoting long-term development [35]. - The plan does not involve providing financial assistance to the incentive recipients, ensuring no detriment to the company's interests [37].