JFL(SH:600901) Zheng Quan Zhi Xing·2025-08-21 16:36Core Viewpoint - The legal opinion letter confirms the legality and compliance of Jiangsu Financial Leasing Co., Ltd.'s stock incentive plan, specifically regarding the lifting of restrictions on shares held by Mr. Xian-Geng Xiong and the repurchase and cancellation of certain restricted stocks [1][10]. Group 1: Legal Compliance and Approvals - The company has obtained necessary approvals and authorizations for the implementation of the stock incentive plan, including independent opinions from the board and supervisory committee affirming the plan's benefits and compliance with regulations [4][5][10]. - The stock incentive plan has undergone required procedures, including various resolutions and independent assessments, ensuring it aligns with the relevant laws and company regulations [4][6][10]. Group 2: Details of Stock Incentive Plan - Mr. Xiong's restricted shares, totaling 504,000 shares, are set to have their restrictions lifted due to his retirement, meeting the conditions outlined in the incentive plan [10][11]. - The company plans to repurchase and cancel 513,332 shares of restricted stock from an individual who no longer qualifies as an incentive target due to termination [11][12]. Group 3: Financial Implications - The repurchase price for the restricted stocks is calculated at 1.57 yuan per share, based on adjustments for dividends and stock increases from 2019 to 2023 [12]. - The company has distributed dividends over the years, with the most recent being 3.2 yuan per 10 shares in 2023, reflecting a consistent profit-sharing strategy [12].