BLT(SH:688333) Zheng Quan Zhi Xing·2025-08-13 11:11Core Viewpoint - The legal opinion letter confirms the approval and compliance of Xi'an Boli Tech's stock incentive plan adjustments, including the achievement of conditions for the fourth vesting period and the cancellation of certain unvested restricted stocks [1][24][25]. Group 1: Stock Incentive Plan Adjustments - The company has implemented adjustments to its 2020 restricted stock incentive plan, including changes to the grant price and quantity of restricted stocks [7][9]. - The adjusted grant price for the restricted stocks is set at 7.0224 yuan per share, with the unvested portion adjusted to 2.114938 million shares and the reserved portion to 1.03586 million shares [9][17]. Group 2: Vesting Conditions Achievement - The fourth vesting period for the initial grant of restricted stocks is from November 18, 2024, to November 14, 2025, with conditions for vesting confirmed as met [10][17]. - The company achieved a revenue growth of 37.57% in 2023 compared to 2019, fulfilling the performance assessment criteria for the vesting of restricted stocks [13][21]. Group 3: Cancellation of Unvested Stocks - A total of 52,136 shares from the initial grant's fourth vesting period were canceled due to performance results not meeting the required standards [24]. - In the reserved portion's third vesting period, a total of 47,334 shares were also canceled due to similar performance issues and one participant's departure [25]. Group 4: Legal Compliance and Approval - The adjustments, vesting achievements, and cancellations have received the necessary approvals and are in compliance with relevant laws and regulations, including the Company Law and Securities Law [7][24][26].