Enlight Media(SZ:300251) Zheng Quan Zhi Xing·2025-07-21 16:23Core Viewpoint - The legal opinion letter from Shanghai Junlan Law Firm confirms that Beijing Light Media Co., Ltd. has made adjustments to its 2023 restricted stock incentive plan, including changes to the grant price and conditions for the second vesting period, in compliance with relevant regulations [1][7]. Summary of Adjustments and Vesting Conditions - The adjustments to the incentive plan were approved by the board of directors and do not require further shareholder approval, as per the authorization from the shareholders' meeting [4][6]. - The adjusted grant price for the restricted stock is set at 4.01 yuan per share, following the company's annual equity distribution plan [5][6]. - The second vesting period for the restricted stock is defined as the period from the first trading day after 24 months from the grant date until the last trading day within 36 months from the grant date [6]. Performance Assessment Criteria - The vesting conditions include both company-level and individual-level performance metrics, with specific targets for revenue and net profit for the year 2024 [6]. - Company-level performance targets are set at 1.56 billion yuan for revenue and 520 million yuan for net profit, with corresponding thresholds for vesting [6]. - Individual performance assessments will determine the final number of shares that can vest, with 26 individuals qualifying for vesting based on their performance evaluations [6]. Compliance and Disclosure - The company has fulfilled its current disclosure obligations as required by the Management Measures, Listing Rules, and Regulatory Guidelines, and will continue to meet future disclosure requirements [7].