KINGCLEAN(SH:603355) Zheng Quan Zhi Xing·2025-08-29 16:52Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms that Leike Electric Co., Ltd. has fulfilled the necessary legal procedures for the release of restrictions on its 2020 restricted stock incentive plan, the repurchase and cancellation of unvested shares, and the adjustment of repurchase prices [1][15]. Group 1: Approval and Authorization - The company obtained legal authorization from the board of directors for the release of restrictions, repurchase, and price adjustment related to the 2020 restricted stock incentive plan [6][10]. - The board of directors approved the relevant proposals during the meetings held on July 23, 2020, and August 28, 2025 [6][10]. Group 2: Release of Restrictions - The fifth release period for the restricted stock will end on September 17, 2025, allowing for a 20% release of the shares [7]. - The conditions for the release of restrictions have been met, including no adverse audit opinions and no disqualifications of the incentive targets [8][9]. Group 3: Repurchase and Price Adjustment - The company will repurchase a total of 86,450 shares due to the departure of four incentive targets and the failure of 23 targets to meet performance criteria [10][12]. - The adjusted repurchase price for the restricted shares is set at 8.94 yuan per share, which includes interest [12][14]. - The total amount for the repurchase will be approximately 784,024.17 yuan, funded by the company's own resources [12][14]. Group 4: Impact on Share Structure - Following the repurchase, the number of restricted shares will decrease from 2,342,480 to 2,256,030, while the total number of shares will be adjusted accordingly [13].