Huaguang Welding(SH:688379) Zheng Quan Zhi Xing·2025-07-24 16:20Core Viewpoint - The legal opinion letter from Zhejiang Tian Ce Law Firm confirms the compliance and legality of Hangzhou Huaguang Welding New Materials Co., Ltd.'s 2024 employee stock ownership plan, including the approval of price adjustments and allocation of reserved shares [1][2][5]. Group 1: Legal Compliance and Procedures - The law firm conducted a thorough review of the relevant documents and confirmed that the employee stock ownership plan complies with applicable laws, regulations, and the company's articles of association [2][5]. - The company has completed necessary legal procedures for the implementation of the employee stock ownership plan, including the approval of related proposals by the board of directors and the avoidance of conflicts of interest by related parties [4][5]. Group 2: Price Adjustment Details - The purchase price for the stock under the employee stock ownership plan has been adjusted from 10.00 yuan per share to 9.73 yuan per share due to a cash dividend distribution of 2.77 yuan per 10 shares [5][7]. - The adjustment formula used for the price change is P = P0 - V, where P0 is the original price and V is the dividend per share [7]. Group 3: Reserved Shares Allocation - A total of 413,000 reserved shares will be allocated to eligible participants, with a maximum subscription price set at 9.73 yuan per share [8][9]. - The management committee has the authority to adjust the list of participants and their respective shares based on actual circumstances, including the cancellation of participation rights for employees who leave the company [9].