BPSemi(SH:688368) Zheng Quan Zhi Xing·2025-06-26 16:47Core Viewpoint - The report serves as an independent financial advisory opinion on the 2025 Restricted Stock Incentive Plan of Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd, ensuring compliance with relevant laws and regulations while assessing the plan's feasibility and potential impact on the company's sustainable development and shareholder interests [1][2][3]. Summary by Sections Section 1: Introduction - The independent financial advisor, Shanghai Xinguang Yihe Enterprise Management Consulting Co., Ltd, has been commissioned to provide an advisory report on the 2025 Restricted Stock Incentive Plan for Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd [1]. Section 2: Assumptions - The report is based on several assumptions, including the stability of current laws and regulations, the accuracy of information provided by the company, and the absence of unforeseen adverse factors [2][5]. Section 4: Main Content of the Incentive Plan - The incentive plan involves granting second-class restricted stocks sourced from either newly issued A-shares or repurchased A-shares from the secondary market [6][7]. - A total of 1.073375 million restricted stocks will be granted, representing approximately 1.22% of the company's total share capital of 88.048706 million shares [6][7]. - The plan's effective period is set for a maximum of 60 months, with specific vesting arrangements and a purchase price of 48.88 yuan per share [11][8]. Section 5: Independent Financial Advisor's Opinion - The advisor confirms that the incentive plan complies with relevant regulations and does not pose any significant risk to the company or its shareholders [19][20]. - The plan is deemed feasible in terms of operational procedures and aligns with the company's strategic goals [21]. Section 6: Financial Impact - The implementation of the incentive plan is expected to positively influence the company's sustainable operations and shareholder equity by motivating key personnel [25]. - The advisor emphasizes that the funding for the incentive plan will come from the participants' own resources, ensuring no financial assistance from the company [26]. Section 7: Performance Assessment - The performance assessment framework includes both company-wide and individual performance metrics, focusing on revenue and gross profit targets for the years 2025 to 2028 [15][18]. - The plan aims to align the interests of the company, shareholders, and key personnel, fostering a culture of accountability and performance [27].