BOE(SZ:000725) Zheng Quan Zhi Xing·2025-08-27 14:15Core Viewpoint - The legal opinion letter confirms that the conditions for the third exercise period of the stock options under the 2020 stock option and restricted stock incentive plan of BOE Technology Group Co., Ltd. have been met, and the exercise price of the stock options has been adjusted accordingly [1][9]. Summary by Sections Approval and Authorization of Related Matters - The sixth meeting of the board approved various proposals related to the 2020 stock option and restricted stock incentive plan, including the list of incentive objects and the management measures [3][4]. - The plan received approval from the Beijing State-owned Assets Supervision and Administration Commission [3]. Conditions for the Third Exercise Period - The third exercise period for the reserved stock options is defined as starting from the first trading day after 48 months from the authorization date to the last trading day within 60 months [7]. - Specific conditions must be met for the exercise of stock options, including financial performance criteria and the absence of certain disqualifying events for both the company and the incentive objects [7][8]. Performance Assessment Targets - The performance assessment targets for the third exercise period include achieving a return on equity (ROE) of no less than 3.46% and a gross margin of at least 15.20% by 2024 [8]. - The company aims to maintain its market share in display device products and achieve significant revenue growth in AM-OLED products and innovative business sectors [8]. Adjustment of Exercise Price - The exercise price of the stock options has been adjusted due to a dividend distribution, with the new exercise prices set at 4.979 yuan per share for the first grant and 5.479 yuan per share for the reserved grant [9]. - The adjustment complies with the relevant regulations and was authorized by the shareholders' meeting [9]. Conclusion - The legal opinion concludes that all necessary approvals and authorizations for the exercise and adjustment of stock options have been obtained, and the actions are in compliance with applicable laws and regulations [9].