MeiG(SZ:002881) Zheng Quan Zhi Xing·2025-07-10 10:11Core Viewpoint - The legal opinion letter from Wei Heng Pei Xiong (Qianhai) Joint Law Firm confirms the approval and conditions for the first exercise period of stock options and the first release period of restricted stocks for Meige Intelligent Technology Co., Ltd. [2][6] Group 1: Stock Option and Restricted Stock Plan - The stock option plan allows for the first exercise period to commence 12 months after the initial grant date, with a total of 631,200 options available for exercise [12][16] - The restricted stock plan allows for a release of 40% of the total granted shares after a 12-month holding period [12][16] - The company has fulfilled necessary approvals and authorizations for the stock option and restricted stock plans as per the relevant regulations [12][17] Group 2: Conditions for Exercise and Release - Conditions for exercising stock options include the company not having any negative audit opinions or failing to meet profit distribution commitments [13][16] - The performance targets for the first exercise period require a minimum of 30% growth in either revenue or net profit compared to the previous year [13][16] - Personal performance evaluations must be conducted, with a pass rate determining the percentage of options that can be exercised [15][16] Group 3: Cancellation of Stock Options - The company plans to cancel 8,000 stock options for one individual who has left the company, in accordance with the stock option plan [17] - The cancellation aligns with the regulations set forth in the management measures and the company's articles of association [17]