Haisum(SZ:002116) Zheng Quan Zhi Xing·2025-07-25 16:49Core Viewpoint - The legal opinion letter from Grandall Law Firm confirms that China Haisong Engineering Technology Co., Ltd. has obtained necessary approvals for adjustments to its 2022 restricted stock incentive plan, including changes to repurchase prices, repurchase and cancellation of certain restricted stocks, and conditions for lifting restrictions on stock sales [1][21]. Group 1: Legal Framework and Approvals - The law firm conducted a thorough review based on relevant laws and regulations, ensuring the accuracy and completeness of the facts presented in the legal opinion [2][3]. - The company has provided all necessary original documents and materials for the issuance of the legal opinion, confirming no omissions or falsehoods [3]. - The legal opinion is intended solely for the purpose of the adjustments to the repurchase price, repurchase and cancellation of restricted stocks, and lifting of restrictions [3][21]. Group 2: Incentive Plan Details - The 2022 restricted stock incentive plan was approved by the company's board and received the necessary consent from the State-owned Assets Supervision and Administration Commission [4][5]. - The initial repurchase price for the first grant of restricted stocks was set at 5.26 yuan per share, while the reserved grant was set at 7.18 yuan per share [9]. - Adjustments to the repurchase prices were made, with the new prices set at 4.81295 yuan per share for the first grant and 6.91835 yuan per share for the reserved grant [9]. Group 3: Repurchase and Cancellation - The company plans to repurchase and cancel 98,141 shares of restricted stocks at a price of 4.50357 yuan per share, and 14,183 shares at a price of 6.60897 yuan per share due to unmet conditions for lifting restrictions [10][11]. - The total number of shares to be repurchased and canceled amounts to 262,209 shares, funded by the company's own resources [11][21]. Group 4: Lifting of Restrictions - The conditions for lifting restrictions on the second phase of the first grant of restricted stocks have been met, with the lifting period set to end on December 29, 2025 [12][21]. - The performance targets for lifting restrictions include a net asset return rate of no less than 11.09% and a compound growth rate of operating profit of no less than 10.88% by 2024 [14][18]. - The company has achieved a net asset return rate of 17.95% and a compound growth rate of operating profit of 31.27% for 2024, exceeding the set targets [14][18].