科沃斯: 君合律师事务所上海分所关于科沃斯机器人股份有限公司2024年股票期权与限制性股票激励计划注销部分已授予但尚未行权的股票期权及首次授予股票期权第一个行权期行权条件成就等相关事项的法律意见书

Core Viewpoint - The legal opinion letter addresses the cancellation of unexercised stock options and the achievement of the first exercise condition for the 2024 stock option and restricted stock incentive plan of Ecovacs Robotics Co., Ltd. [1][4] Group 1: Approval and Authorization - The company has obtained necessary approvals and authorizations for the cancellation of unexercised stock options and the exercise of stock options under the 2024 incentive plan [5][6] - The board of directors is authorized to review and confirm the eligibility of incentive objects for exercising their options [6] Group 2: Cancellation of Stock Options - A total of 389,600 unexercised stock options granted to 39 incentive objects who have left the company will be canceled [7][6] - The cancellation is in accordance with the provisions of the incentive plan, which states that options cannot be exercised if the incentive objects no longer meet the criteria [7] Group 3: Exercise of Stock Options - The first exercise period for the stock options is defined as starting from the grant date and lasting until the last trading day within 24 months [8] - The exercise conditions include the company's performance targets, which require a minimum revenue growth rate of 2% for 2024 based on the 2023 revenue [9][12] Group 4: Performance Assessment - The performance assessment for individual incentive objects is categorized into five levels, with corresponding exercise ratios [10] - The company has confirmed that all incentive objects meet the necessary conditions for exercising their options based on their performance evaluations [12]