Core Viewpoint - The legal opinion issued by Beijing Deheng (Dongguan) Law Firm confirms the compliance and legitimacy of the stock incentive plan and related actions taken by Youlide Technology (China) Co., Ltd, including the release of restrictions on stock, adjustments to grant prices, and repurchase of stocks [1][2][3]. Group 1: Legal Compliance and Procedures - The law firm conducted thorough verification of the company's actions regarding the stock incentive plan, ensuring that all facts are accurate and complete [3][4]. - The company has fulfilled all necessary legal procedures for the release of restrictions, including board meetings and shareholder approvals [6][10][11]. - The legal opinion confirms that the actions taken are within the authorized scope as per the company's articles of association and relevant laws [17]. Group 2: Stock Incentive Plan Details - The first class of restricted stock's third release period has been reached, allowing for the release of 89,040 shares to four eligible individuals [18][22]. - The second class of restricted stock has entered its third vesting period, with 127,750 shares available for 37 individuals [23][26]. - The grant price for the second class of restricted stock has been adjusted from 16.97 yuan to 15.09 yuan due to profit distribution [28][30]. Group 3: Performance Conditions - The company met the performance conditions required for the release of restrictions, including financial performance metrics and individual performance evaluations [19][20][21]. - The company achieved a net profit of 188.11 million yuan for 2024, meeting the performance threshold for the stock incentive plan [20][24]. Group 4: Repurchase and Price Adjustments - The repurchase price for the first class of restricted stock has been adjusted to 14.09 yuan per share following the profit distribution [32]. - The adjustments to the repurchase price and grant price are in accordance with the relevant laws and regulations governing stock incentive plans [30][31].
优利德: 北京德恒(东莞)律师事务所关于优利德2022年限制性股票激励计划相关事项的法律意见
