NOVA TECH(SZ:300921) Zheng Quan Zhi Xing·2025-06-20 09:45Core Viewpoint - The legal opinion letter from Shanghai Landing Law Firm confirms that the cancellation of certain restricted stocks under the 2022 Restricted Stock Incentive Plan of Nanling Technology Co., Ltd. has been properly authorized and complies with relevant laws and regulations [1][10][12]. Group 1: Implementation of the Incentive Plan - The legal opinion letter was issued to support the implementation of the 2022 Restricted Stock Incentive Plan, which involves various legal documents and approvals [1][2][3]. - The company has conducted necessary meetings and obtained approvals from the board and supervisory board regarding the incentive plan and its implementation [4][5][6]. Group 2: Cancellation of Restricted Stocks - A total of 1,222,200 restricted stocks are to be canceled, which includes 33,850 stocks from three departing employees and 1,188,350 stocks that did not meet performance criteria [10][11]. - The cancellation is based on the company's failure to meet the performance trigger values for the third vesting period of the initially granted stocks and the second vesting period of the reserved stocks [10][11]. Group 3: Compliance and Disclosure - The legal opinion asserts that the reasons for cancellation, the number of stocks canceled, and the disclosure of related information comply with the Company Law, Securities Law, and other relevant regulations [12]. - The company is required to disclose the board and supervisory board resolutions related to the cancellation of restricted stocks in a timely manner [12].