STSS(SZ:000825) Zheng Quan Zhi Xing·2025-06-24 16:09Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms that Shanxi Taigang Stainless Steel Co., Ltd. has complied with relevant laws and regulations regarding the repurchase and cancellation of restricted stocks as part of its 2021 A-share incentive plan [1][4][10]. Summary by Sections Legal Framework and Authorization - The law firm was engaged to provide legal advice on the repurchase and cancellation of restricted stocks under the 2021 A-share incentive plan, adhering to various Chinese laws and regulations [1][2]. - The company has completed necessary procedures and obtained approvals for the repurchase, including independent opinions from the board and supervisory committee [5][8]. Repurchase Reasons and Details - The repurchase is necessitated by the failure to meet performance targets set for 2024, as well as changes in the status of certain incentive recipients due to retirement or job changes [10][11]. - A total of 1,066.58 million shares will be repurchased at a price determined by the incentive plan, totaling approximately RMB 37,814,246.44 [12]. Compliance and Conclusion - The law firm concludes that the repurchase actions are in compliance with the relevant management measures, listing rules, and the incentive plan [12].