Shandong Huifa Foodstuff (SH:603536) Zheng Quan Zhi Xing·2025-08-29 17:15Core Viewpoint - The legal opinion letter from Gao Peng Law Firm confirms that Shandong Huifa Food Co., Ltd. has not met the conditions for the first unlock period of its 2024 restricted stock incentive plan, leading to the repurchase and cancellation of certain restricted stocks [1][6]. Group 1: Approval and Authorization - The company has obtained necessary approvals and authorizations for the repurchase and cancellation of restricted stocks as per the resolutions passed in the shareholders' meeting [6][7]. - The board of directors has been authorized to handle matters related to the granting, unlocking, and repurchase of restricted stocks [6][7]. Group 2: Repurchase and Cancellation Details - The repurchase is due to the failure to meet performance assessment targets, resulting in the cancellation of 2,261,520 shares of restricted stock [8][9]. - The repurchase price is set at 4.57 yuan per share plus the interest from bank term deposits [9]. - The funds for the repurchase will be sourced entirely from the company's own funds [9]. Group 3: Legal Compliance - The legal opinion asserts that the reasons, quantities, prices, and funding sources for the repurchase comply with relevant laws and regulations, including the Company Law and the Management Measures for Incentive Plans [9]. - The company is required to fulfill its information disclosure obligations and follow legal procedures for capital reduction and share cancellation [9].