SOKAN(SH:688157) Zheng Quan Zhi Xing·2025-08-29 16:40Core Viewpoint - The legal opinion letter confirms the cancellation of certain unvested restricted stocks granted under the 2024 incentive plan of Matsui New Materials Group Co., Ltd, due to specific conditions not being met [1][5][7] Group 1: Approval and Authorization - The cancellation of the unvested restricted stocks has received necessary approvals and authorizations as per the company's internal procedures and relevant regulations [5][7] - The company has conducted necessary meetings and resolutions to approve the cancellation of the unvested stocks, including the review by the supervisory board [4][5] Group 2: Specific Circumstances of Cancellation - One of the incentive recipients has left the company, resulting in the cancellation of 16,900 shares that were granted but not vested [5][6] - The company did not meet the performance targets set for the first vesting period, which required a revenue growth rate of at least 20% for 2024, leading to the cancellation of a total of 486,465 shares [6][7] Group 3: Conclusion - The legal opinion concludes that the cancellation of the unvested restricted stocks complies with the relevant laws, regulations, and the company's incentive plan [6][7]