NHD(SZ:002264) Zheng Quan Zhi Xing·2025-08-26 09:21Core Viewpoint - The legal opinion letter confirms that the conditions for the first exercise period of the "Navigator Plan (Phase VI)" stock option incentive plan of Xinhua Duh Technology Co., Ltd. have been met, allowing eligible participants to exercise their stock options [1][12]. Summary by Sections 1. Introduction - The legal opinion letter is issued based on relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China, as well as the company's articles of association and the draft of the incentive plan [1][2]. 2. Approval and Implementation of the Incentive Plan - The incentive plan has been approved through various resolutions, including the draft of the stock option incentive plan and the management measures for its implementation [3][5]. - The supervisory board has confirmed that all participants in the incentive plan meet the necessary legal and regulatory conditions [4]. 3. Conditions for Exercising Stock Options - The waiting period for the stock options is at least 12 months, and the first exercise date must be after this period [6]. - The conditions for exercising the stock options include no adverse financial audit opinions and no disqualifying actions by the incentive participants [7][12]. 4. Performance Assessment - The performance assessment for the stock options is based on the company's net profit growth, with specific targets set for the years 2024 to 2026 [8][10]. - The first exercise period has a target net profit growth rate of 30% with a trigger value of 12% [8]. 5. Conclusion - The legal opinion concludes that all necessary approvals and authorizations for the stock option exercise have been obtained, and the conditions for exercising the options have been satisfied [13].