KENNEDE(SZ:002723) Zheng Quan Zhi Xing·2025-07-18 16:28Core Viewpoint - The legal opinion letter regarding the adjustment and initial grant of the 2025 Restricted Stock Incentive Plan for Guangdong Xiaosong Technology Co., Ltd. has been issued, confirming that the necessary approvals and authorizations have been obtained in compliance with relevant laws and regulations [2][3][13]. Group 1: Approval and Authorization - The adjustment and initial grant of the incentive plan have been approved by the company's board of directors, supervisory board, and shareholders' meeting, following the necessary procedures [3][4][7]. - The board of directors has reviewed and approved relevant proposals related to the incentive plan, ensuring that related directors recused themselves from voting [4][6]. Group 2: Specifics of the Adjustment - The total number of rights granted under the incentive plan has been adjusted from 31.35 million shares to 18.45 million shares, with the number of initial grant recipients reduced from 94 to 86 [7][8]. - The number of shares for the initial grant has been adjusted from 25.08 million shares to 14.76 million shares, and the reserved shares have been adjusted from 6.27 million shares to 3.69 million shares [7][8]. Group 3: Details of the Initial Grant - The initial grant date for the incentive plan is set for July 18, 2025, as approved by the board of directors and supervisory board [8][10]. - The grant recipients include 86 individuals, comprising directors, senior management, and key personnel, with a total of 14.76 million shares to be granted [10][11]. - The grant price for the restricted stock is set at 3.69 RMB per share [10][11]. Group 4: Grant Conditions - The conditions for granting the restricted stock have been met, including compliance with relevant laws and regulations, and the absence of disqualifying circumstances for both the company and the grant recipients [12][13].