TODAYTEC(SZ:300743) Zheng Quan Zhi Xing·2025-08-25 17:15Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms that Hangzhou Tiandi Digital Technology Co., Ltd. has fulfilled the necessary procedures for the release of restrictions on its stock and the adjustment of the repurchase price in accordance with relevant laws and regulations [1][10]. Group 1: Authorization and Procedures - The company has obtained shareholder approval for the 2023 Restricted Stock Incentive Plan, allowing the board to adjust the repurchase price and decide on the release of restrictions on stock [5]. - The board has been authorized to handle all matters necessary for the release of restrictions and the adjustment of the repurchase price [5]. - The company has completed the required procedures for the release of restrictions and the adjustment of the repurchase price [6]. Group 2: Release of Restrictions Conditions - The second release period for the restricted stock is set to occur from September 18, 2025, to September 17, 2026, allowing for a 30% release of the total granted stock [6]. - The conditions for the release of restrictions include meeting specific financial performance metrics, such as a revenue growth rate of at least 15% in 2024 compared to 2023 [8]. Group 3: Adjustment of Repurchase Price - The repurchase price for the restricted stock has been adjusted from 7.14 CNY per share to 6.64 CNY per share due to the implementation of the 2024 annual profit distribution plan [9]. - The adjustment method for the repurchase price is based on the company's capital changes, ensuring that the adjusted price remains above 1 CNY [9]. Group 4: Conclusion - The legal opinion concludes that the company has met all necessary legal requirements and that the conditions for the release of restrictions have been satisfied, barring any changes in the status of the incentive recipients [10].