HXGF(SH:603115) Zheng Quan Zhi Xing·2025-06-26 16:21Core Viewpoint - The legal opinion letter from Shanghai Junlan Law Firm confirms that Nantong Haixing Electronics Co., Ltd. has properly adjusted the exercise price, canceled certain stock options, and fulfilled the necessary legal procedures in accordance with relevant regulations and its stock option incentive plan [1][10]. Group 1: Approval and Authorization - The adjustments and cancellations related to the stock option incentive plan have received necessary approvals from the company's board and shareholders [3][4]. - The company has complied with the requirements set forth in the "Management Measures for Equity Incentives of Listed Companies" and its own incentive plan [9][10]. Group 2: Adjustment and Cancellation Details - The exercise price was adjusted from 8.80 yuan to 8.20 yuan per share due to a cash dividend distribution of 0.60 yuan per share [5][9]. - A total of 0.96 million stock options were canceled for three incentive targets who did not meet personal performance assessment standards [5][9]. Group 3: Impact and Conditions - The adjustments and cancellations are not expected to have a significant impact on the company's financial status or operational results [5][9]. - The first exercise period for the stock options is set to begin on July 17, 2024, with a waiting period ending on July 16, 2025 [6][9]. Group 4: Disclosure Obligations - The company is required to disclose relevant documents and announcements regarding the adjustments and cancellations in a timely manner [9][10]. - The legal opinion letter will be included in the company's public disclosures related to the stock option incentive plan [2][10].