GigaDevice(SH:603986) Zheng Quan Zhi Xing·2025-08-22 21:09Core Viewpoint - The legal opinion letter confirms that the conditions for the second exercise period of the stock option incentive plan for Zhaoyi Innovation Technology Group Co., Ltd. have been met, allowing eligible participants to exercise their stock options [2][10]. Group 1: Conditions for Stock Option Exercise - The stock options can only be exercised if certain conditions are met, including no negative audit opinions on financial reports for the last fiscal year and compliance with legal and regulatory requirements [3][4]. - The performance target for the second exercise period is set at a revenue growth rate of no less than 120% compared to the average revenue from 2018 to 2020, which was approximately 331.52 million yuan [9]. Group 2: Achievement of Exercise Conditions - The company has not encountered any disqualifying events in the last 12 months, such as being deemed inappropriate by the stock exchange or the China Securities Regulatory Commission (CSRC) [6]. - A total of 904 individuals are eligible to exercise their options, with the total number of exercisable stock options amounting to approximately 2.34 million shares, representing 24.90% of the granted options [10]. Group 3: Approval and Authorization - The board of directors has been authorized by the shareholders to handle matters related to the stock option incentive plan, including determining the grant date and processing necessary approvals [10]. - The legal opinion confirms that the conditions for the second exercise period have been achieved and that the necessary approvals and authorizations are in place, complying with relevant regulations and the company's articles of association [10].