SANY(SH:600031) Zheng Quan Zhi Xing·2025-06-20 08:54Core Viewpoint - The legal opinion letter confirms that SANY Heavy Industry Co., Ltd. has met the necessary conditions for the second release of restrictions on its stock incentive plan, in compliance with relevant laws and regulations [1][14]. Group 1: Approval and Authorization - The company has obtained necessary approvals and authorizations for the second release of restrictions on its stock incentive plan, as outlined in the relevant proposals [8][14]. - Related directors recused themselves from voting on the proposals, and independent directors expressed their agreement [8][14]. Group 2: Specifics of the Release of Restrictions - The second release period for the restricted stock is defined as starting from the first trading day after 32 months from the initial grant date until the last trading day within 44 months, allowing for a release of 50% of the total granted restricted stock [8][12]. - The company granted a total of 22,386,250 restricted shares to 126 incentive recipients, with 10,174,200 shares eligible for release, representing 0.12% of the company's total shares [6][12]. - The performance assessment for the second release period requires the company to achieve either a 20% increase in revenue or net profit compared to 2022, with a target net profit of 5.975 billion [12][14]. Group 3: Compliance with Conditions - The company has not encountered any disqualifying events that would prevent the release of restrictions, such as negative audit opinions or violations of profit distribution regulations [9][10]. - The incentive recipients have also not been disqualified by regulatory bodies within the past 12 months [9][10].