NOPOSION(SZ:002215) Zheng Quan Zhi Xing·2025-08-19 16:34Core Viewpoint - The legal opinion letter from Grandall Law Firm (Shenzhen) confirms that Shenzhen Noposion Crop Science Co., Ltd. has complied with relevant laws and regulations regarding the repurchase and cancellation of certain restricted stocks under its 2023 stock incentive plan [1][5][9] Group 1: Approval and Authorization for Repurchase - The company held its third extraordinary general meeting on December 4, 2023, where it approved the stock incentive plan and authorized the board of directors to handle related matters [5][6] - On August 18, 2025, the board of directors approved the repurchase of 187,500 shares of restricted stock that were granted but not unlocked, due to eight individuals leaving the company and one individual failing to meet performance standards [6][8] Group 2: Specifics of the Repurchase - The repurchase is based on the stock incentive plan, which states that restricted stocks will be repurchased if the recipient leaves the company or fails to meet performance criteria [7][8] - The repurchase price is set at 3.53 yuan per share plus interest from the bank's term deposits, resulting in a reduction of the total share capital from 1,004,821,310 shares to 1,004,633,810 shares after the repurchase [8][9] Group 3: Conclusion and Compliance - The legal opinion concludes that the repurchase has obtained necessary approvals and is in compliance with the Company Law, Securities Law, and relevant regulations [9]