QM HOME(SH:603818) Zheng Quan Zhi Xing·2025-07-27 16:14Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms that Qu Mei Home Group Co., Ltd. has complied with the necessary legal procedures for the repurchase and cancellation of restricted stock under its 2022 incentive plan, following relevant laws and regulations [1][7]. Summary by Sections Approval and Authorization - The company's 2022 restricted stock incentive plan was approved by the shareholders' meeting, which authorized the board to handle the repurchase and cancellation of restricted stocks for certain employees [4]. - The board has been authorized to repurchase and cancel a total of 231,800 shares of restricted stock, which includes 196,000 shares for 4 employees who have left the company and 212,200 shares for 53 employees who did not meet the unlocking conditions [4][7]. Specifics of the Repurchase and Cancellation - The repurchase was triggered by the departure of employees and the failure to meet performance targets, as stipulated in the incentive plan [5][6]. - The total number of shares to be repurchased remains unchanged at 231,800 shares, as there have been no capital adjustments affecting the stock [5]. - The repurchase price is set at 5.78 yuan per share, which considers a maximum interest rate of 5% on potential employee loans [6]. Timing and Process - The company has opened a dedicated repurchase account with the China Securities Depository and Clearing Corporation and plans to complete the cancellation of the restricted stocks by July 30, 2025 [6][7]. - The company will proceed with the necessary business registration changes following the completion of the stock cancellation [7].