ZHENGGUANG(SZ:301092) Zheng Quan Zhi Xing·2025-07-13 08:12Core Viewpoint - The legal opinion letter from Grandall Law Firm (Hangzhou) addresses the adjustments to the stock incentive plan of Zhejiang Zhengguang Industrial Co., Ltd., including the cancellation of unvested restricted stocks and the conditions for the third vesting period of the initial grant [1][2][4]. Group 1: Legal Compliance and Approval - The adjustments, cancellations, and vesting matters have received the necessary approvals and authorizations as per the relevant laws and regulations [17][24]. - The company has provided all necessary documentation and guarantees to the law firm for the issuance of the legal opinion [6][5]. Group 2: Stock Incentive Plan Adjustments - The stock grant price was adjusted from 13.33 CNY per share to 13.07 CNY per share due to a cash dividend distribution of 2.60 CNY per 10 shares [19][18]. - The adjustments comply with the provisions of the incentive plan and relevant regulations [19][24]. Group 3: Cancellations of Restricted Stocks - Out of 72 initial grantees, 70 achieved performance results classified as A or B, while 2 were classified as C, leading to the cancellation of 1,200 shares for the latter [20][24]. - The cancellation aligns with the performance assessment criteria outlined in the incentive plan [20][24]. Group 4: Vesting Conditions - The third vesting period for the initial grant is defined as the period from 36 months to 48 months after the initial grant date, with a vesting ratio of 40% [24][21]. - The performance conditions for vesting include specific financial metrics and compliance with regulatory requirements [24][22].