WEDGE(SZ:000534) Zheng Quan Zhi Xing·2025-07-17 16:21Core Viewpoint - The legal opinion letter from Guangdong Xinda Law Firm confirms that Wanze Industrial Co., Ltd. has obtained the necessary approvals and authorizations for its 2025 equity incentive plan, which includes the granting of restricted stocks to eligible participants [6][10][12]. Group 1: Legal Framework and Approvals - The equity incentive plan is in compliance with relevant laws, including the Company Law, Securities Law, and the Management Measures for Equity Incentives of Listed Companies [6][10]. - The plan was approved by the company's Board of Directors and Supervisory Board, indicating a consensus on its benefits for corporate governance and employee motivation [7][10]. - The plan's implementation is deemed beneficial for the company's sustainable development and does not harm the interests of the company or its shareholders [7][10]. Group 2: Granting Conditions and Procedures - The granting date for the restricted stocks is set for July 17, 2025, with a price of 7.35 yuan per share, totaling 5.7225 million shares for 217 participants [10][12]. - The plan stipulates specific conditions that must be met for the granting of restricted stocks, including the absence of certain negative events affecting the company or the participants [12][15]. - The company has conducted necessary disclosures and verifications to ensure compliance with the regulations governing insider trading and eligibility of the incentive recipients [9][10]. Group 3: Conclusion and Next Steps - The legal opinion concludes that all necessary approvals have been obtained, and the conditions for granting the restricted stocks have been satisfied [15]. - The company is required to fulfill its information disclosure obligations and complete the registration of the stock grants as per regulatory requirements [15].