KING-STRONG(SZ:300629) Zheng Quan Zhi Xing·2025-06-20 12:28Core Viewpoint - The legal opinion letter from Beijing Jiayuan Law Firm confirms the legality and compliance of the adjustments to the 2022 equity incentive plan and the cancellation of certain unvested restricted stocks for Guangdong Xinjingang Technology Co., Ltd. [1][4][6] Summary by Sections Legal Basis and Investigation - The law firm conducted an investigation into the qualifications for implementing the 2022 equity incentive plan and reviewed relevant documents, ensuring that all materials provided by the company were true, accurate, and complete [2][3]. Approval and Authorization - The necessary procedures for the price adjustment of the 2022 equity incentive plan have been completed, including the approval of relevant proposals at six meetings, with related directors abstaining from voting [3][4]. Adjustment Details - The adjustment of the grant price is based on the company's profit distribution plan, which proposes a cash dividend of RMB 1.00 per 10 shares, leading to an adjusted grant price of approximately RMB 8.325 per share after accounting for the dividend [4][5]. Cancellation of Restricted Stocks - A total of 928,200 shares of restricted stock were canceled due to the failure to meet performance targets and the departure of three incentive recipients, which aligns with the provisions of the 2022 incentive plan [6][7]. Conclusion - The law firm concludes that the actions taken regarding the price adjustment and the cancellation of unvested restricted stocks comply with relevant laws, regulations, and the company's articles of association [7].