FHM(SZ:300613) Zheng Quan Zhi Xing·2025-07-07 16:06Core Viewpoint - The legal opinion letter confirms that Shanghai Fuhuan Microelectronics Co., Ltd. has obtained the necessary approvals and authorizations for adjusting the stock option exercise prices in its 2021 and 2022 incentive plans, in compliance with relevant regulations and company articles [1][10]. Group 1: Approval and Authorization - The adjustments for the 2021 incentive plan have received necessary approvals and authorizations from the company's shareholders, allowing the board to adjust the stock option exercise price in case of dividend distributions [5][6]. - The adjustments for the 2022 incentive plan have also been authorized by the shareholders, permitting the board to make similar adjustments as per the plan's provisions [6][7]. Group 2: Reasons for Adjustment - The adjustments are necessitated by the company's capital actions, such as stock dividends or other corporate actions that require a corresponding adjustment to the stock option exercise prices as outlined in both incentive plans [7][8]. Group 3: Adjustment Method and Results - The adjustment method involves calculating the new exercise price by deducting the dividend amount from the previous exercise price, ensuring that the adjusted price remains above 1 [8][9]. - The specific adjustments include a reduction in the exercise price for the 2021 plan from 42.93 CNY/share to 42.81 CNY/share and for the 2022 plan from 64.92 CNY/share to 64.80 CNY/share [9][10].