海泰科: 山东国曜琴岛（青岛）律师事务所关于青岛海泰科模塑科技股份有限公司2023年限制性股票激励计划调整授予价格、第二个归属期归属条件成就及部分限制性股票作废相关事项的法律意见书

Core Viewpoint - The legal opinion letter from Shandong Guoyao Qindao Law Firm confirms the adjustments to the stock incentive plan of Qingdao Haitai Technology Co., Ltd, including the adjustment of grant prices, the achievement of vesting conditions for the second vesting period, and the cancellation of certain unvested restricted stocks. Group 1: Approval and Authorization - The company held its 11th meeting of the second board on August 10, 2023, where it approved the draft of the 2023 restricted stock incentive plan and related matters [5][6] - The company’s supervisory board also approved the relevant proposals during its 11th meeting on August 10, 2023 [6] - The company conducted a public announcement of the incentive object list from August 11 to August 20, 2023, with no objections received [6][7] Group 2: Adjustment Details - The adjustment of the grant price was necessitated by the company's profit distribution plan, which involved a cash dividend of 2.999782 yuan per 10 shares [10] - The adjusted grant price for the restricted stock is 15.06 yuan per share, down from the previous 15.36 yuan per share [10][11] - The adjustment method follows the formula P = P0 - V, ensuring that the adjusted price remains above 1 yuan [10] Group 3: Vesting Conditions - The second vesting period for the incentive plan is set from September 1, 2025, to the last trading day within 36 months from the grant date [11] - The achievement of vesting conditions includes the absence of adverse audit reports and compliance with performance targets [12][13] - The performance targets for the three-year plan require a minimum revenue growth of 10% for 2023, 20% for 2024, and 30% for 2025, based on 2022 revenue [14][15] Group 4: Cancellation of Restricted Stocks - A total of 12,560 shares of restricted stock will be canceled due to one individual leaving the company and three others not meeting performance criteria [19] - The cancellation aligns with the provisions of the Company Law and relevant regulations [19] Group 5: Information Disclosure - The company has fulfilled its information disclosure obligations as required by the Management Measures and Self-Regulatory Guidelines [20] - Ongoing compliance with disclosure requirements will continue as the incentive plan progresses [20]