SICC CO.(SH:688234) Zheng Quan Zhi Xing·2025-08-29 11:21Core Viewpoint - The legal opinion letter from Grandall Law Firm confirms that Shandong Tianyue Advanced Technology Co., Ltd. has fulfilled the necessary procedures for the first vesting period of its 2024 restricted stock incentive plan and the cancellation of certain restricted stocks, in compliance with relevant laws and regulations [4][13]. Group 1: Approval and Authorization - The company has passed several resolutions regarding the 2024 restricted stock incentive plan, including the approval of the plan draft and the list of incentive objects [4][6]. - The supervisory board has verified and agreed to the incentive plan, confirming that all listed incentive objects meet the legal and regulatory requirements [5][8]. Group 2: Vesting Conditions and Achievements - The first vesting period for the restricted stocks is set from July 3, 2024, to the last trading day within 24 months from the grant date [8]. - The vesting conditions have been met, including the absence of negative audit opinions and compliance with legal regulations regarding profit distribution [9][10]. Group 3: Specifics of the Vesting and Cancellation - A total of 408,000 restricted stocks will be granted at a price of 32 RMB per share to 80 incentive objects, with the first vesting date confirmed [6][7]. - The company will cancel a total of 1,100,700 restricted stocks due to various reasons, including the departure of 7 incentive objects and failure to meet performance standards [11][12].