Elegant(SH:603221) Zheng Quan Zhi Xing·2025-09-02 16:15Core Viewpoint - The legal opinion letter confirms that the repurchase and cancellation of certain restricted stocks by Aili Home Technology Co., Ltd. has been approved and is in compliance with relevant regulations and internal policies [6][8][11]. Group 1: Approval and Authorization - The repurchase and cancellation of restricted stocks were approved by the company's board of directors and supervisory board during meetings held on January 20, 2024, and subsequent meetings [6][7]. - The shareholders' meeting on February 6, 2024, also approved the relevant proposals regarding the stock incentive plan [7]. Group 2: Repurchase Details - The repurchase involves 40,000 shares of restricted stock at a repurchase price of 5.08 yuan per share, adjusted from the initial grant price of 5.36 yuan per share [9][10]. - The funds for the repurchase will come from the company's own funds, ensuring compliance with the incentive plan and management regulations [9][10]. Group 3: Implementation Status - The company has completed the necessary notification procedures to creditors regarding the stock repurchase and has not received any objections within the 45-day notice period [10]. - A dedicated securities account for the repurchase has been established, and the cancellation of the restricted stocks is expected to be completed by September 5, 2025 [10]. Group 4: Changes in Share Capital Structure - Following the repurchase, the company's share capital structure will change, with restricted shares decreasing from 2,310,000 to 2,270,000, while the total shares will decrease from 244,580,000 to 244,540,000 [11]. Group 5: Conclusion - The legal opinion concludes that the repurchase and cancellation of restricted stocks have obtained the necessary approvals and comply with relevant regulations, with further steps required for business registration changes and information disclosure [11].