Chenguang New Materials(SH:605399) Zheng Quan Zhi Xing·2025-07-09 12:10Core Viewpoint - The legal opinion letter from Beijing Jincheng Tongda (Shanghai) Law Firm confirms that Jiangxi Chenguang New Materials Co., Ltd. has obtained the necessary approvals and authorizations for the repurchase and cancellation of shares related to its employee stock ownership plan for the period 2024-2026, in compliance with relevant laws and regulations [1][9]. Group 1: Repurchase and Cancellation Details - The repurchase price for the shares to be canceled is set at 6.13 yuan per share plus the interest from bank deposits [6][7]. - A total of 660,032 shares will be repurchased due to the failure to meet performance targets for the first unlocking period of the employee stock ownership plan [6][7]. - The company has established a dedicated securities account for the repurchase and has applied for the necessary procedures with the China Securities Depository and Clearing Corporation [7]. Group 2: Performance Assessment - The performance assessment for the unlocking of shares is based on the growth rates of operating revenue and net profit compared to the previous year, specifically using 2023 as the base year [6]. - The company did not achieve the required performance targets for the first unlocking period, necessitating the repurchase of the corresponding unvested shares [6][7]. Group 3: Information Disclosure - The company has fulfilled its information disclosure obligations as required by the listing rules and relevant guidelines, including announcements regarding the board's resolutions and the status of the employee stock ownership plan [8][9]. - Continuous compliance with information disclosure requirements will be necessary as the incentive plan progresses [9]. Group 4: Legal Compliance - The legal opinion asserts that the repurchase and cancellation actions are in accordance with the Company Law, Securities Law, and relevant guidelines, ensuring that all necessary legal procedures have been followed [9].