WBTL(SH:603596) Zheng Quan Zhi Xing·2025-08-15 16:14Core Viewpoint - The legal opinion letter confirms that Wuhu Berteli Automotive Safety Systems Co., Ltd. is qualified to implement its employee stock ownership plan (ESOP) in compliance with relevant laws and regulations [2][10][12]. Group 1: Company Background - Wuhu Berteli Automotive Safety Systems Co., Ltd. was established as a joint-stock company and has publicly issued shares, with a registered capital of 606.51 million RMB [4]. - The company specializes in the research, manufacturing, and sales of automotive safety system components, electronic control modules, and related consulting services [4]. Group 2: Employee Stock Ownership Plan (ESOP) Details - The ESOP is designed to include core technical personnel, middle management, and other employees deemed critical to the company's performance [6]. - The total number of shares involved in the ESOP is 1.8 million, representing a maximum of 10% of the company's total equity, with individual employee allocations not exceeding 1% [7]. - The ESOP will be funded through employees' legal salaries and other legally permitted means [6]. Group 3: Compliance and Procedures - The company has followed necessary legal procedures, including board resolutions and employee representative meetings, to implement the ESOP [9][11]. - The ESOP has been disclosed in accordance with regulatory requirements, ensuring transparency and compliance with the guidelines [12]. Group 4: Conclusion and Future Steps - The legal opinion concludes that the company has met the qualifications to implement the ESOP and has adhered to the necessary procedures and disclosure obligations [13]. - The ESOP is pending approval from the company's shareholders' meeting to proceed [13].