Farsoon(SH:688433) Zheng Quan Zhi Xing·2025-08-27 16:41Core Viewpoint - The legal opinion letter confirms that Hunan Huazhu High-tech Co., Ltd. is qualified to implement the 2025 Restricted Stock Incentive Plan, ensuring compliance with relevant laws and regulations [1][5][25]. Group 1: Company Qualifications - Hunan Huazhu High-tech Co., Ltd. is a legally established and effectively existing listed company with a registered capital of RMB 414.1688 million [4]. - The company has undergone a successful review by the Shanghai Stock Exchange and the China Securities Regulatory Commission, with its stock listed on the Sci-Tech Innovation Board since April 17, 2023 [4][5]. Group 2: Incentive Plan Legality and Compliance - The 2025 Restricted Stock Incentive Plan aims to enhance corporate governance, attract and retain key talents, and align the interests of shareholders, the company, and core team members [7]. - The plan includes 95 incentive targets, primarily core technical personnel, excluding external directors and significant shareholders [8][23]. Group 3: Incentive Plan Details - The total number of restricted stocks to be granted is 2,962,750 shares, accounting for 0.7153% of the company's total share capital [9]. - The grant price for the restricted stocks is set at RMB 21.90 per share, which meets the regulatory requirements [14][20]. Group 4: Performance Assessment - The performance assessment for the incentive plan will be based on annual targets for net profit margin and revenue growth from 2025 to 2027 [17][18]. - Specific performance thresholds must be met for the vesting of shares, with a detailed structure for individual performance evaluations [19][20]. Group 5: Legal Procedures and Disclosure - The company has completed necessary internal decision-making procedures and is in compliance with disclosure obligations regarding the incentive plan [24][25]. - The plan requires further procedures, including shareholder approval, to be fully implemented [21][22].