Core Viewpoint - Ninebot Limited's 2022 Restricted Stock Incentive Plan has achieved the conditions for the first grant's third vesting period and the cancellation of certain restricted stock corresponding to depositary receipts [1][2][3] Summary by Sections Independent Financial Advisor Opinion - The approval process and information disclosure for Ninebot Limited's 2022 Restricted Stock Incentive Plan have been completed, with necessary resolutions passed by the board and independent directors confirming the legitimacy of the grant conditions [4][5][6] - The independent financial advisor has verified that the conditions for the third vesting period of the first grant have been met, and the cancellation of certain restricted stock has been authorized [7][8] Vesting Conditions Achievement - The third vesting period for the first grant is defined as from August 25, 2025, to August 24, 2026, with specific performance targets set for each fiscal year [7][8] - The performance targets for the vesting periods include achieving revenue milestones of 100 billion RMB for 2022, 110 billion RMB for 2023, 120 billion RMB for 2024, 130 billion RMB for 2025, and 140 billion RMB for 2026 [8] Cancellation of Restricted Stock - A total of 299,959 depositary receipts corresponding to restricted stock have been canceled due to reasons such as employee turnover and performance not meeting standards [8] - The cancellation of these restricted stock receipts is not expected to materially impact the company's financial status or operational results [8] Conclusion - The independent financial advisor concludes that the actions taken regarding the vesting conditions and cancellation of restricted stock comply with relevant regulations and do not harm the interests of the company or its shareholders [8]