FiberHome(SH:600498) Zheng Quan Zhi Xing·2025-08-22 10:18Summary of Key Points Core Viewpoint - The legal opinion issued by Hubei Dewei Junshang Law Firm confirms that the repurchase and cancellation of unvested restricted stock by Fenghuo Communication Technology Co., Ltd. complies with relevant laws and regulations, as well as the company's stock incentive plan [2][6][8]. Group 1: Repurchase and Cancellation Details - The company plans to repurchase and cancel a total of 633,114 shares of restricted stock from 56 former employees and 17 employees who did not meet performance criteria for the 2024 fiscal year [4][5]. - The repurchase price for the restricted stock is set at 11.74 yuan per share, which is the lower of the grant price and the market price at the time of repurchase [4][5]. - The total number of shares being repurchased includes 593,640 shares from former employees and 39,474 shares from employees who failed to meet performance requirements [4][5]. Group 2: Compliance and Legal Framework - The repurchase and cancellation process is based on the provisions outlined in the "2021 Restricted Stock Incentive Plan (Draft)" and complies with the Company Law, Securities Law, and relevant regulations [2][6][8]. - The company has obtained necessary approvals and fulfilled information disclosure obligations as required by law [7][8]. - The legal opinion confirms that the repurchase does not harm the legal rights of the incentive targets or the interests of creditors [5][6]. Group 3: Impact on Company Structure - Following the repurchase, the company's total share capital will decrease from 1,271,021,430 shares to 1,270,388,316 shares [5]. - The company assures that this action will not significantly impact the stability of its management team or its financial performance [5][6].