Thinkon Semi(SH:688233) Zheng Quan Zhi Xing·2025-08-22 10:18Core Viewpoint - The legal opinion letter from Beijing Zhonglun Law Firm confirms that the 2024 Restricted Stock Incentive Plan of Jinzhou Shengong Semiconductor Co., Ltd. has obtained the necessary approvals and complies with relevant laws and regulations [1][9][21]. Summary by Sections Approval and Authorization - The company has completed the necessary approval and authorization procedures for the adjustments, reserved grants, cancellations, and vesting of the incentive plan [6][9]. - The board of directors has reviewed and approved the relevant proposals related to the incentive plan [7][9]. Adjustments Related to the Incentive Plan - The adjustment of the grant price for the restricted stock is due to capital reserve transfers, stock dividends, and other corporate actions [9][10]. - The adjusted grant price for the restricted stock is set at 13.745 yuan per share, down from 13.82 yuan per share due to a cash dividend of 0.075 yuan [10]. Reserved Grants - The reserved portion of the incentive plan involves granting 146,616 shares of restricted stock to 54 eligible participants at the adjusted price of 13.745 yuan per share [12][15]. - The granting date for the reserved portion has been authorized by the board of directors [12]. Cancellations - Cancellations of unvested restricted stocks occur when participants leave the company or fail to meet performance criteria [15]. - A total of 13,680 shares of restricted stock will be canceled due to 23 participants leaving and 9 participants not meeting performance standards [15]. Vesting Conditions - The first vesting period for the restricted stock begins 12 months after the grant date and lasts until the last trading day within 24 months [16]. - The vesting conditions have been met, with 263 eligible participants and a total of 315,400 shares available for vesting [21].