VEICHI(SH:688698) Zheng Quan Zhi Xing·2025-08-25 17:04Core Viewpoint - The legal opinion letter confirms that Suzhou Weichuang Electric Technology Co., Ltd. is qualified to implement its 2025 stock option incentive plan, which complies with relevant laws and regulations [3][20]. Group 1: Company Overview - Suzhou Weichuang Electric Technology Co., Ltd. is a publicly listed company on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with stock code 688698 [5][6]. - The company specializes in the research, production, and sales of electrical equipment, automation devices, and related technologies [5][6]. Group 2: Incentive Plan Details - The 2025 stock option incentive plan aims to motivate key technical and business personnel, excluding independent directors and major shareholders [9][16]. - A total of 3.305 million stock options will be granted, representing 1.55% of the company's total share capital, with the first grant of 2.645 million options accounting for 1.24% [7][10]. - The plan includes provisions for adjustments to the exercise price and number of options in case of corporate actions like stock dividends or capital increases [9][10]. Group 3: Approval and Compliance - The company has completed necessary internal procedures for the incentive plan, including board approvals and public disclosures [13][14]. - The plan must still be approved by the shareholders' meeting with a special resolution before it can be implemented [20]. Group 4: Impact on Stakeholders - The remuneration and assessment committee supports the incentive plan, stating it will enhance management efficiency and contribute to sustainable development without harming the interests of the company and its shareholders [19][20]. - The company has committed not to provide financial assistance to incentive plan participants, ensuring compliance with regulatory requirements [18][20].