TZTEK(SH:688003) Zheng Quan Zhi Xing·2025-07-10 16:09Core Viewpoint - The legal opinion letter from Beijing Jincheng Tongda (Shanghai) Law Firm confirms that Suzhou Tianzhun Technology Co., Ltd.'s 2020 restricted stock incentive plan has met the necessary conditions for the fourth vesting period, and outlines the adjustments and cancellations of certain restricted stocks [1][24]. Group 1: Approval and Authorization - The company has completed the necessary approvals and authorizations for the implementation of the 2020 incentive plan, including resolutions from the board and independent directors [4][13]. - The independent directors expressed unanimous agreement on the implementation of the incentive plan [4][7]. Group 2: Adjustments - The grant price for the restricted stock has been adjusted from 14.6299 RMB per share to 14.1330 RMB per share due to the company's dividend distribution [14][24]. - The adjustment is in accordance with the provisions of the incentive plan and relevant regulations [14][24]. Group 3: Vesting Conditions - The fourth vesting period for the incentive plan is defined as the period from the first trading day after 60 months from the grant date until the last trading day within 72 months from the grant date [15][24]. - The company achieved a revenue growth rate of 204.59% in 2023 compared to 2019, meeting the performance conditions for vesting [16][18]. Group 4: Cancellations - Two individuals who have left the company under non-negative circumstances will have their unvested restricted stocks, totaling 60,000 shares, canceled [23][24]. - The cancellation aligns with the provisions of the incentive plan and relevant regulations [23][24]. Group 5: Future Procedures - The company is required to continue fulfilling information disclosure obligations and apply for the necessary procedures with the China Securities Depository and Clearing Corporation [24].