YGSOFT(SZ:002063) Zheng Quan Zhi Xing·2025-07-09 16:23Core Viewpoint - The legal opinion letter from Guangdong Xinda Law Firm confirms the compliance of the adjustments, exercise, and cancellation of the stock option incentive plan of Yuanguang Software Co., Ltd. with relevant laws and regulations [1][3][17] Group 1: Legal Framework and Compliance - The legal opinion is based on various laws and regulations, including the Company Law, Securities Law, and specific guidelines for stock option incentive plans [1][2] - The firm has verified that the company provided all necessary and accurate documentation for the issuance of the legal opinion [2][3] - The legal opinion is intended solely for the purpose of the company's implementation of the incentive plan and cannot be used for other purposes without prior written consent [2] Group 2: Adjustments to the Incentive Plan - The adjustments to the stock option incentive plan were approved by the board and independent directors, ensuring compliance with the management regulations [3][6] - The exercise price of the stock options was adjusted to 5.77 RMB per share following the completion of the 2023 annual equity distribution [7][12] Group 3: Exercise Conditions - The second exercise period of the incentive plan has met the required conditions, with a 30% exercise ratio applicable [12][16] - The company achieved a net asset return rate of 10.02% and a net profit growth rate of 11.23% compared to 2020, fulfilling the performance criteria for the second exercise period [12][16] Group 4: Cancellations of Stock Options - A total of 1,936,607 stock options will be canceled due to 38 incentive participants leaving the company [14][16] - Additionally, 54,150 stock options will be canceled for participants whose performance results only allow for partial exercise [14][16] - The company plans to cancel a total of 14,697,933 stock options due to unmet performance targets for the third exercise period [16][17]