Gettop(SZ:002655) Zheng Quan Zhi Xing·2025-08-14 16:39Core Viewpoint - The legal opinion letter regarding the 2024 stock option incentive plan of Gongda Electronics Co., Ltd. outlines the approval and authorization processes for the cancellation of certain stock options, adjustment of exercise prices, granting of reserved options, and the achievement of conditions for the first exercise period [1][3][12]. Group 1: Approval and Authorization - The incentive plan has undergone necessary approvals and authorizations, including the review and approval by the Board of Directors and the Supervisory Board [3][4][5]. - The company has confirmed that the plan's implementation has been publicly disclosed and no objections were raised during the public notice period [4][5][6]. Group 2: Cancellation and Adjustment of Stock Options - A total of 418,000 stock options will be canceled due to the departure of 5 incentive targets and the performance of 3 others being classified as qualified or unqualified [7][12]. - The exercise price for the stock options has been adjusted from RMB 10.60 to RMB 10.57 per share based on the company's capital reserve adjustments and other factors [7][8]. Group 3: Granting of Reserved Stock Options - The company plans to grant 1,060,000 reserved stock options to 18 incentive targets, with an exercise price set at RMB 10.57 per share [8][12]. - The granting of these reserved options is contingent upon meeting specific conditions outlined in the incentive plan [8][12]. Group 4: Achievement of Exercise Conditions - The first exercise period for the stock options is set to begin 12 months after the initial grant date, with a performance target of a 30% increase in revenue or net profit for the first year [11][12]. - The performance evaluation will be conducted annually, with specific targets for revenue and net profit growth set for the years 2024 to 2026 [11][12].