Hiconics(SZ:300048) Zheng Quan Zhi Xing·2025-07-04 16:13Core Viewpoint - The legal opinion letter from Beijing Jiayuan Law Firm confirms the compliance and authorization of Beijing Hekang New Energy Technology Co., Ltd.'s 2023 restricted stock incentive plan, including the achievement of conditions for the first vesting period and the cancellation of certain unvested restricted stocks [1][4][5]. Group 1: Legal Compliance and Authorization - The law firm conducted a thorough review of the relevant documents and confirmed that the company provided all necessary materials for the legal opinion [2][4]. - The company has fulfilled the required procedures for the approval of the vesting and cancellation of restricted stocks, including resolutions passed by the board of directors [4][5]. Group 2: Vesting Conditions and Achievements - The first vesting period for the restricted stocks starts from the first grant date, September 8, 2023, and lasts until the last trading day within 28 months [5]. - The conditions for the first vesting period have been met, including no negative audit opinions on financial reports and compliance with internal control requirements [5][7]. Group 3: Performance Targets and Metrics - The performance targets for the incentive plan include a revenue increase of no less than 110% and a net profit increase of no less than 205% compared to 2022 for the first vesting period [8][9]. - The vesting ratio is determined based on the achievement of performance targets, with a scale from 0% to 100% depending on the actual performance [9]. Group 4: Cancellation of Restricted Stocks - The company confirmed the cancellation of 1,280,000 unvested restricted stocks due to the departure of certain incentive plan participants, which aligns with the plan's regulations [9][10]. - The cancellation of these stocks is deemed compliant with relevant laws and regulations [10].