Biwin Storage Technology (SH:688525) Zheng Quan Zhi Xing·2025-08-10 08:16Core Viewpoint - The independent financial advisor report indicates that Shenzhen Baiwei Storage Technology Co., Ltd. has met the necessary conditions for the first vesting period of the 2023 and 2024 restricted stock incentive plans, and the relevant approvals have been obtained [1][18]. Summary by Sections 1. Definitions - The report discusses the 2023 and 2024 restricted stock incentive plans, detailing the conditions under which stock will be granted to directors, senior management, and key technical/business personnel [1]. 2. Independent Financial Advisor's Declaration - The advisor confirms that the information provided by Baiwei Storage is accurate and complete, and the advisor does not bear any risk related to the information's validity [2][3]. 3. Basic Assumptions - The report is based on the assumption that there will be no significant changes in relevant laws and regulations, and that the provided materials are truthful and timely [3][4]. 4. Approval Procedures for Incentive Plans - The 2023 incentive plan has undergone necessary approval processes, including resolutions from the board and supervisory committee, and has received authorization from the shareholders' meeting [4][5]. 5. Conditions for Vesting - The report outlines that the conditions for the second vesting period of the 2023 plan and the first vesting period of the 2024 plan have been met, including performance assessments and compliance with legal requirements [10][18]. 6. Financial Advisor's Opinion - The advisor concludes that both the 2023 and 2024 incentive plans have met the required conditions for vesting, and the necessary approvals have been obtained, aligning with relevant laws and regulations [18].