UCAP(SH:688228) Zheng Quan Zhi Xing·2025-08-24 16:18Core Viewpoint - The legal opinion letter confirms that the company has obtained necessary approvals and authorizations for the reserved stock option grants and adjustments to the exercise price of the 2025 stock option incentive plan, in compliance with relevant regulations and guidelines [4][14]. Group 1: Approval and Authorization - The company has fulfilled the necessary procedures for the reserved stock option grants, including obtaining resolutions from the board and supervisory committee [4][5]. - The board has authorized the management to handle all matters related to the stock option incentive plan [6][8]. Group 2: Granting Conditions - The granting of stock options is contingent upon the company and the incentive objects meeting specific conditions outlined in the incentive plan [11]. - The company and the incentive objects have not encountered any disqualifying circumstances that would prevent the granting of stock options [10][11]. Group 3: Granting Details - The reserved stock options will be granted on August 25, 2025, to five incentive objects, totaling 300,000 stock options at an exercise price of 57.689 yuan per share [12][14]. - The initial grant date for the stock options is set for April 25, 2025, with 1.2 million stock options granted at an exercise price of 57.84 yuan per share [7][11]. Group 4: Adjustment of Exercise Price - The exercise price adjustment is due to the company's profit distribution plan, which involved a cash dividend of 1.51 yuan per share [13]. - The adjusted exercise price of 57.689 yuan per share reflects the deduction of the dividend from the original exercise price [13][14]. Group 5: Information Disclosure - The company has complied with information disclosure obligations regarding the stock option incentive plan and will continue to do so as the plan progresses [14].