PNC(SH:603690) Zheng Quan Zhi Xing·2025-08-29 10:24Core Viewpoint - The legal opinion letter from Shanghai Bohang Law Firm confirms the adjustment of the repurchase price for restricted stock under the fourth phase of the stock option and restricted stock incentive plan of Shanghai Zhichun Clean System Technology Co., Ltd. [1][2] Group 1: Approval and Authorization of the Incentive Plan - The board of directors approved the fourth phase of the stock option and restricted stock incentive plan, and independent directors provided their opinions [5] - The supervisory board verified the list of incentive objects and issued a report on the public announcement of the incentive object list [5] - The legal opinion letter was issued by Bohang Law Firm regarding the adjustments and grants related to the incentive plan [5] Group 2: Adjustment of Repurchase Price - The adjustment of the repurchase price for restricted stocks was approved, with the new repurchase price set at 19.03 yuan/share for the first grant of the third unlock period and 15.61 yuan/share for the reserved grant of the second unlock period [7][8] - The adjustment is based on the company's performance not meeting the set targets, leading to the repurchase and cancellation of certain restricted stocks [8][11] Group 3: Reasons and Financial Sources for Repurchase - The repurchase is due to the company's performance not meeting the required targets, resulting in the cancellation of corresponding restricted stocks [8][11] - The repurchase will be funded by the company's own funds [11] Group 4: Supervisory Board's Review and Conclusion - The supervisory board confirmed that the adjustment of the repurchase price complies with relevant laws and regulations and will not adversely affect the company's operations or harm shareholders' interests [12] - The legal opinion concludes that the necessary approvals and procedures for the repurchase and cancellation of stocks have been followed [12]