Yongmaotai(SH:605208) Zheng Quan Zhi Xing·2025-07-01 16:21Core Viewpoint - The legal opinion letter from Shanghai Tongli Law Firm confirms that the adjustments made to the employee stock ownership plan of Shanghai Yongmaotai Automotive Technology Co., Ltd. for 2025 have complied with relevant laws and regulations, including the approval and authorization processes [3][5][6]. Group 1: Approval and Authorization - The adjustments to the employee stock ownership plan were approved by the company's board of directors on February 13, 2025, and subsequently by the first extraordinary general meeting of shareholders on March 3, 2025 [4][5]. - The board of directors authorized to handle all matters related to the employee stock ownership plan [4][5]. Group 2: Specifics of the Adjustment - The reserved transfer price for the employee stock ownership plan was adjusted from 3.96 yuan per share to 3.92 yuan per share, reflecting a decrease due to the distribution of cash dividends [5][6]. - The adjustment was based on the formula: adjusted reserved transfer price = previous reserved transfer price - cash dividend per share, resulting in an adjusted price of approximately 3.92 yuan per share [6]. Group 3: Compliance with Regulations - The adjustments have been verified to meet the requirements set forth in the "Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans by Listed Companies" and the "Self-Regulatory Guidelines for Listed Companies" [5][6]. - The legal opinion asserts that all necessary approvals and authorizations for the adjustments have been fulfilled, ensuring compliance with the relevant regulations [6].