TPC(SZ:002134) Zheng Quan Zhi Xing·2025-08-26 13:23Core Viewpoint - The legal opinion letter from Beijing Jiayuan Law Firm confirms the compliance and authorization of Tianjin Printronics Circuit Co., Ltd.'s stock option incentive plan, including the cancellation of certain stock options and the achievement of the first exercise period conditions. Group 1: Authorization and Approval - Tianjin Printronics has completed the necessary procedures for the implementation of the stock option incentive plan, including the cancellation and achievement of exercise conditions, as per relevant regulations [2][5][6]. Group 2: Cancellation of Stock Options - A total of 26,328 stock options will be canceled due to six incentive objects not meeting the 100% performance coefficient requirement based on their annual performance evaluations [5][6][11]. - The cancellation aligns with the provisions of the incentive plan, company articles, and relevant regulations [6][11]. Group 3: Achievement of Exercise Conditions - The first exercise period conditions have been met, allowing 10 incentive objects to exercise their options [10][11]. - The performance requirements include a company revenue growth rate of at least 30%, with 2023 revenue at 646 million and 2024 revenue projected at 1.128 billion [8][10]. - The exercise arrangement allows for a 50% exercise of options after 12 months and another 50% after 24 months from the authorization date [7][8].