Huarui Precision(SH:688059) Zheng Quan Zhi Xing·2025-08-29 17:56Core Viewpoint - The legal opinion letter confirms the invalidation of the unvested restricted stock from the 2022 incentive plan of Zhuzhou Huari Precision Tools Co., Ltd. due to unmet performance criteria [1][8]. Summary by Sections Approval and Authorization of the Invalidation - The company has completed necessary procedures for the invalidation of the unvested restricted stock, including board meetings and independent director opinions [4][6][9]. - The independent directors and the supervisory board have provided their consent regarding the invalidation of the stock [5][7]. Specifics of the Invalidation - According to the incentive plan, if the company's performance does not meet the required thresholds during any vesting period, all corresponding restricted stocks will be invalidated [8]. - The audit report from Tianzhi International CPA confirms that the company did not meet the performance criteria for the fiscal year 2024, leading to the invalidation of the restricted stocks [8]. Disclosure Obligations - The company will disclose the board and supervisory board resolutions related to the invalidation in accordance with relevant regulations [8]. Conclusion - The legal opinion asserts that the invalidation of the unvested restricted stocks has received the necessary approvals and complies with applicable laws and regulations [9].