DING LONG(SZ:300054) Zheng Quan Zhi Xing·2025-07-18 16:25Core Viewpoint - The legal opinion letter from Hunan Qiyuan Law Firm confirms that Hubei Dinglong Holdings Co., Ltd. has complied with necessary legal procedures for the adjustment of the stock option exercise price as part of its 2024 stock option incentive plan [2][6][9]. Group 1: Legal Compliance and Procedures - Hunan Qiyuan Law Firm has been appointed as the special legal advisor for Hubei Dinglong's 2024 stock option incentive plan [2]. - The firm has conducted thorough verification to ensure the legality and compliance of the exercise and cancellation of stock options, confirming no false records or misleading statements exist [3]. - The company has provided all necessary and truthful documentation to the law firm, ensuring no significant omissions [3]. Group 2: Approval and Authorization - The board of directors and the supervisory board of Hubei Dinglong approved the relevant proposals regarding the stock option incentive plan on April 25, 2024 [6][7]. - The company publicly announced the list of incentive recipients from May 26 to May 5, 2024, and disclosed relevant reports on May 9, 2024 [7]. - The annual shareholders' meeting on May 14, 2024, approved the stock option incentive plan and related proposals [7]. Group 3: Adjustment Details - The adjustment of the exercise price was approved by the board on July 18, 2025, based on the company's profit distribution plan [9]. - The exercise price was adjusted from 19.03 yuan to 18.93 yuan per share, following the company's cash dividend distribution of 1.00 yuan per 10 shares [9][11]. - The adjustment method for the exercise price is defined in the incentive plan, ensuring compliance with relevant regulations [10][11].