XfmGroup(SH:603225) Zheng Quan Zhi Xing·2025-07-25 16:26Core Viewpoint - The legal opinion letter addresses the adjustments to the repurchase price and the cancellation of certain restricted stocks under the 2024 incentive plan of Xinfengming Group Co., Ltd. due to the implementation of the annual equity distribution and the departure of certain incentive targets [1][5][10]. Summary by Relevant Sections Adjustment of Repurchase Price - The repurchase price for restricted stocks has been adjusted from RMB 6.94 per share to RMB 6.72 per share following the annual equity distribution plan, which includes a cash dividend of RMB 0.225 per share for all shareholders [5][8][10]. - The total share capital for the profit distribution is based on 1,495,286,114 shares, excluding shares in the repurchase account [5][8]. Repurchase and Cancellation of Restricted Stocks - The company has obtained necessary approvals for the repurchase and cancellation of restricted stocks due to the departure of incentive targets, specifically Ma Jianzhong and Shen Shijie, who will have a total of 100,000 shares canceled [9][10]. - The repurchase price for the canceled stocks is set at RMB 6.72 per share, consistent with the adjusted repurchase price [10]. Compliance and Procedures - The adjustments and cancellations comply with the relevant laws, including the Company Law, Securities Law, and the Management Measures for Equity Incentives [6][10]. - The company is required to fulfill subsequent information disclosure obligations regarding the adjustments and cancellations [6][10][11].