Hainan Mining(SH:601969) Zheng Quan Zhi Xing·2025-08-27 10:29Core Viewpoint - The legal opinion issued by Beijing Tianyuan Law Firm confirms that Hainan Mining Co., Ltd. has complied with relevant laws and regulations regarding the repurchase and cancellation of restricted stocks under its 2022 stock incentive plan [1][3]. Group 1: Approval and Authorization - Hainan Mining has obtained necessary approvals for the repurchase and cancellation of restricted stocks, including resolutions on adjusting the repurchase price and the cancellation of certain restricted stocks [3][6]. - The supervisory board has agreed that the adjustments and cancellations comply with relevant laws and will not adversely affect the company's financial status or shareholder interests [5][6]. Group 2: Details of the Repurchase and Cancellation - The repurchase and cancellation are due to certain incentive recipients facing conditions such as resignation, performance not being fully met, or other specified circumstances [6][7]. - A total of 543,987 shares of restricted stock will be repurchased and canceled as per the incentive plan [6][7]. - The repurchase price has been adjusted from 5.16 yuan per share to 5.06 yuan per share due to cash dividends distributed [7]. Group 3: Compliance and Next Steps - The legal opinion concludes that the reasons, quantity, and price for the repurchase and cancellation are in accordance with the incentive plan and relevant regulations, pending necessary business registration changes [6][7].