GoerTek(SZ:002241) Zheng Quan Zhi Xing·2025-08-27 13:16Core Viewpoint - The legal opinion from Beijing Tianyuan Law Firm confirms the cancellation of unexercised stock options from the first exercise period of the 2023 stock option incentive plan of GoerTek Inc, in compliance with relevant laws and regulations [1][18][20]. Summary by Relevant Sections Legal Basis - The legal opinion is based on the Company Law, Securities Law, and relevant regulations from the China Securities Regulatory Commission [1][18]. - The law firm conducted thorough reviews of the incentive plan documents and verified the facts before issuing the legal opinion [1][18]. Approval and Authorization - The board of directors approved the cancellation of stock options for 549 individuals who no longer meet the criteria due to resignation or voluntary withdrawal, resulting in the cancellation of a total of 15.2137 million stock options [10][19]. - The total number of initial grant recipients was adjusted from 5,551 to 5,002, and the total stock options granted were reduced from 208.9909 million to 193.646042 million [10][19]. Exercise Conditions - The first exercise period for the stock options is set to end on August 27, 2024, with eligible recipients able to exercise their options during this period [10][17]. - The exercise price for the stock options is set at 18.27 yuan per share, which may be adjusted based on future profit distribution plans [10][17]. Cancellation Details - As of August 27, 2025, a total of 69,000 stock options will be canceled due to non-exercise within the valid period [18][20]. - The cancellation process is in accordance with the management regulations and the incentive plan, ensuring no harm to the company or shareholders [18][20]. Conclusion - The legal opinion concludes that the cancellation of the unexercised stock options has received the necessary approvals and is in compliance with relevant regulations [1][18][20].