R&Y(SH:603286) Zheng Quan Zhi Xing·2025-06-30 16:25Core Viewpoint - The legal opinion letter from Shanghai Junlan Law Firm confirms that Jiangsu Riying Electronics Co., Ltd. has met the necessary conditions for the first phase of the restricted stock release under its 2024 incentive plan, and the company has complied with relevant regulations [1][9]. Group 1: Approval and Authorization - The company has obtained necessary approvals and authorizations for the release of restrictions on the first phase of the restricted stock as per the resolutions passed at the shareholders' meeting [5][9]. - The legal opinion states that the release of restrictions aligns with the provisions of the "Management Measures for Equity Incentives of Listed Companies" and the company's incentive plan [5][9]. Group 2: Release Conditions - The first release period for the restricted stock is set from July 9, 2025, to July 8, 2026, following the completion of the initial grant registration on July 9, 2024 [5][8]. - The release conditions require that the company has not encountered any negative audit opinions or violations of laws and regulations, and that the incentive recipients have not been deemed inappropriate candidates [6][7]. Group 3: Number of Participants and Shares - A total of 678,900 shares will be released from restrictions, benefiting 104 incentive recipients [8]. - All incentive recipients have met the performance assessment criteria set forth in the incentive plan, allowing for a 100% release of the restricted shares [7][8]. Group 4: Information Disclosure - The company is required to timely disclose relevant resolutions and announcements regarding the release of restrictions as per the "Management Measures" and the incentive plan [8][9]. - The legal opinion confirms that the company has fulfilled its current information disclosure obligations and must continue to comply with future requirements [9].