台华新材: 北京市竞天公诚律师事务所关于浙江台华新材料集团股份有限公司2024年限制性股票激励计划首次授予部分第一个解除限售期解除限售条件成就及回购价格调整相关事项的法律意见书

Core Viewpoint - The legal opinion letter confirms that Zhejiang Taihua New Materials Group Co., Ltd. has met the necessary conditions for the first release of restrictions on its stock incentive plan and outlines the adjustments to the repurchase price [2][4][17]. Group 1: Approval and Authorization - The company has obtained the necessary approvals and authorizations for the release of restrictions and adjustments to the repurchase price through various board and shareholder meetings held in July and October 2024 [4][5][6][7][17]. - The first release of restrictions on the stock incentive plan is based on the completion of the grant registration on August 9, 2024, with the release period ending on August 9, 2025 [8][14]. Group 2: Release of Restrictions - The first release of restrictions allows for 33% of the granted stock to be unlocked, with a total of 1,428,900 shares eligible for release, representing 0.16% of the company's total share capital [14][17]. - The conditions for the release of restrictions have been met, including performance targets related to net profit growth and compliance with company regulations [10][12][14]. Group 3: Adjustments to Repurchase Price - The repurchase price for the restricted stock has been adjusted from 5.27 yuan per share due to the company's profit distribution plan, which includes a cash dividend of 0.25 yuan per share [15][16][17]. - The adjustment method for the repurchase price is defined, ensuring that the adjusted price remains above 1 yuan per share [16].