JINZAI FOOD GROUP CO.(SZ:003000) Zheng Quan Zhi Xing·2025-09-05 16:34Core Viewpoint - The legal opinion letter from Hunan Qiyuan Law Firm confirms that the conditions for the second unlock period of the restricted stock incentive plan of Jinzhai Food Group Co., Ltd. have been met, allowing for the release of certain restricted shares [1][11]. Group 1: Approval and Authorization of Unlocking - The company has obtained necessary approvals and authorizations for the second unlock period of the restricted stock incentive plan, as per the relevant regulations and internal governance [8][11]. - The board of directors and independent directors have reviewed and approved the relevant proposals, ensuring compliance with the company's articles of association and incentive plan [6][8]. Group 2: Specifics of the Unlocking Conditions - The second unlock period for the reserved grant of restricted stocks is defined as the first trading day after 24 months from the completion of the grant registration until the last trading day within 36 months [9][10]. - The unlocking condition requires that the company has not faced any adverse audit opinions or profit distribution issues, and the incentive object has not encountered any disqualifying circumstances [9][10]. Group 3: Performance Assessment - The performance assessment for unlocking the restricted stocks is based on the company's revenue and net profit growth rates, with specific targets set for the years 2023 and 2024 [10][11]. - The company must achieve a minimum revenue growth rate of 25% and a net profit growth rate of 56% for the first unlock period, and similar targets for the second unlock period [10][11]. Group 4: Individual Performance Criteria - The individual performance assessment for the incentive object is aligned with the company's existing compensation and evaluation policies, determining the proportion of stocks that can be unlocked based on individual performance results [10][11]. - The specific individual unlocking ratio is contingent upon the performance evaluation results, with a maximum unlocking potential for those rated as excellent [10][11]. Group 5: Conclusion and Next Steps - The legal opinion concludes that all necessary conditions for the unlocking of restricted stocks have been satisfied, and the company must fulfill its disclosure obligations regarding this unlocking [11][12]. - The company is required to proceed with the necessary procedures for the unlocking of shares once the second unlock period concludes [11][12].