RISUNTEK INC.(SZ:002981) Zheng Quan Zhi Xing·2025-06-25 18:07Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng (Guangzhou) Law Firm confirms the necessary approvals and compliance with relevant laws for the cancellation of certain stock options under the 2022 stock option incentive plan of Guangdong Chaoyang Electronic Technology Co., Ltd. [1][4][16] Group 1: Approval and Authorization of Cancellation - On April 13, 2022, the company's board approved the stock option incentive plan and related proposals, with related directors abstaining from voting [6][8] - The supervisory board also approved the incentive plan and confirmed the qualifications of the incentive objects [6][11] - The independent directors expressed that the incentive plan would benefit the company's sustainable development and did not harm the interests of the company and shareholders [6][8] Group 2: Details of the Incentive Plan and Cancellations - The initial grant of stock options was adjusted from 63 to 61 individuals, and the first grant was registered on June 20, 2022 [9][10] - On April 21, 2023, the board approved the cancellation of 1,074,550 stock options due to unmet exercise conditions and the departure of certain incentive objects [10][11] - The cancellation was confirmed in a public announcement on May 6, 2023 [11] Group 3: Compliance with Regulations - The legal opinion asserts that the cancellation aligns with the Company Law, Securities Law, and relevant incentive management regulations [16][17] - The company is required to fulfill information disclosure procedures and complete the stock option cancellation process as per the regulations [18]