Core Viewpoint - The legal opinion from Beijing Tianyuan Law Firm confirms that Huaxin Green Source Environmental Co., Ltd. is eligible to implement its 2025 Employee Stock Ownership Plan (ESOP) and that the plan complies with relevant laws and regulations [2][17]. Group 1: Company Overview - Huaxin Green Source Environmental Co., Ltd. is a publicly listed company on the Shenzhen Stock Exchange, with its stock code being "301265" [6]. - The company is legally established and in good standing, with no circumstances requiring termination under applicable laws and regulations [6]. Group 2: Employee Stock Ownership Plan (ESOP) Details - The ESOP is designed for employees including directors (excluding independent directors), supervisors, senior management, and core technical personnel, with an expected participation of up to 78 individuals [8]. - The plan's funding will come from employees' self-raised funds, legal salaries, and other legally permitted sources, with the stock sourced from the company's repurchased shares [9]. - The ESOP will have a duration of 36 months and a lock-up period of 12 months, with a total scale not exceeding 2.427 million shares, representing approximately 0.8011% of the company's total share capital [9][10]. Group 3: Compliance and Legal Procedures - The company has followed necessary legal procedures, including obtaining employee feedback and passing relevant resolutions in the supervisory board [12][15]. - The ESOP has been structured to ensure voluntary participation, with no forced allocation of shares to employees [7]. - The plan has been reviewed and approved by the supervisory board, confirming its alignment with legal and regulatory requirements [13][14]. Group 4: Information Disclosure - The company has fulfilled its information disclosure obligations related to the ESOP, and will continue to do so as the plan progresses [17]. - The upcoming shareholder meeting will require non-related shareholders to approve the ESOP, ensuring compliance with governance standards [15].
华新环保: 北京市天元律师事务所关于华新绿源环保股份有限公司实施2025年员工持股计划的法律意见