HST(SH:600817) Zheng Quan Zhi Xing·2025-07-23 16:23Core Viewpoint - The legal opinion letter confirms that Yutong Heavy Industry Co., Ltd. has obtained the necessary approvals and authorizations for the repurchase and cancellation of certain restricted stocks as part of its 2024 restricted stock incentive plan [2][12]. Group 1: Approval and Authorization of the Repurchase - The board of directors approved the incentive plan and related proposals, which were submitted for further review and approval [7][9]. - The supervisory board confirmed that the proposed incentive objects meet the legal and regulatory requirements [8][10]. - The necessary approvals for the repurchase of restricted stocks have been obtained, ensuring compliance with relevant laws and regulations [11][12]. Group 2: Details of the Repurchase - The repurchase is due to the demotion of six incentive objects, leading to the cancellation of their unvested restricted stocks [11][12]. - A total of 470,000 shares of unvested restricted stocks will be repurchased at a price of 4.18 yuan per share [12]. - The funds for the repurchase will come from the company's own funds, aligning with the provisions of the incentive plan [12]. Group 3: Conclusion - The legal opinion asserts that the repurchase's reasons, quantity, price, and funding sources comply with the management regulations and the incentive plan [12]. - The company is required to fulfill its information disclosure obligations and complete the necessary procedures for stock repurchase and capital reduction [12].