Qiangsheng Holding(SH:600662) Zheng Quan Zhi Xing·2025-08-21 12:13Core Viewpoint - The legal opinion letter from Beijing Global Law Firm Shanghai Branch addresses the approval and authorization of the Shanghai Foreign Service Holding Group Co., Ltd.'s A-share restricted stock incentive plan, including the conditions for lifting restrictions, the repurchase and cancellation of certain restricted stocks, and the adjustment of repurchase prices [3][24]. Summary by Sections Legal Opinion and Authorization - The law firm confirms that the necessary approvals and authorizations for the lifting of restrictions, repurchase, and price adjustment have been obtained in accordance with relevant laws and regulations [3][24]. - The company has provided all necessary documents and information to the law firm for the issuance of this legal opinion [4][5]. Details of the Incentive Plan - The incentive plan allows for the granting of restricted stocks to certain personnel, with specific conditions for lifting restrictions after a designated period [2][14]. - The second lifting period for the first grant of restricted stocks is set to expire on May 23, 2025, allowing for a 33% release of restrictions [14]. Conditions for Lifting Restrictions - The company must not have any negative audit opinions or violations of laws and regulations in the past year to qualify for lifting restrictions [15]. - The company has confirmed compliance with governance and performance conditions necessary for the lifting of restrictions [16]. Repurchase and Cancellation of Restricted Stocks - The company plans to repurchase and cancel a total of 39,110 shares of restricted stock, with a repurchase price set at 2.84 yuan per share [23][24]. - The repurchase includes stocks from individuals who no longer qualify as incentive targets due to various reasons, including termination of employment [21][23]. Price Adjustment Details - The repurchase price of the restricted stocks will be adjusted based on previous cash dividends distributed to shareholders [26][27]. - The adjusted repurchase price is calculated to ensure it remains above 1 yuan per share [27]. Conclusion - The law firm concludes that all actions regarding the lifting of restrictions, repurchase, and price adjustment comply with the relevant regulations and the incentive plan [27].