Core Viewpoint - Shenzhen Biyimi Microelectronics Co., Ltd. has approved the initial grant list of the 2025 Restricted Stock Incentive Plan, ensuring compliance with relevant laws and regulations [1][2][3] Disclosure and Verification - The company disclosed the draft of the 2025 Restricted Stock Incentive Plan and related documents on August 16, 2025, and began internal public disclosure of the initial grant list on August 19, 2025 [2][3] - The verification process included checking the names, identification documents, employment contracts, and positions of the initial grant recipients [3] Committee's Verification Opinion - The committee confirmed that the individuals listed in the initial grant meet the qualifications set forth by the Company Law and other relevant regulations, and their eligibility as incentive recipients is valid [3][4] - The initial grant recipients do not fall under any disqualifying conditions as specified in the management regulations [3][4] - The recipients include core technical personnel, key business staff, and other individuals deemed necessary for motivation by the board [4]

Core Viewpoint - The company has approved a stock option and restricted stock incentive plan for its core employees, aiming to enhance employee motivation and align their interests with the company's performance [1][9]. Summary by Sections Incentive Plan Overview - The incentive plan involves granting a total of 117.82 million stock options and 58.91 million restricted stocks to 104 core employees, representing 0.28% and 0.14% of the company's total share capital, respectively [2][10]. - The stock options will be sourced from the company's A-shares issued to the incentive targets, while the restricted stocks will be repurchased from the secondary market [10]. Granting Conditions - The granting conditions have been met, with the approval of the board and supervisory committee, confirming the grant date as August 29, 2025 [9][16]. - The stock options have an exercise price of 12.63 yuan per share, and the restricted stocks have a grant price of 8.42 yuan per share [10][12]. Performance Assessment - The performance assessment for the stock options and restricted stocks is based on specific financial targets for 2025, including a minimum revenue of 2.851 billion yuan and a net profit of 265 million yuan [6][10]. - If the company fails to meet these targets, the unexercised stock options and unvested restricted stocks will be canceled or repurchased at the grant price [6][7]. Accounting Treatment - The company will use the Black-Scholes model to calculate the fair value of the stock options, with the stock price at 18.25 yuan on the grant date [13]. - The estimated incentive costs will be amortized over the vesting period, impacting the company's financial performance in 2025, 2026, and 2027 [15][14]. Legal and Advisory Opinions - The legal and independent financial advisors have confirmed that the incentive plan complies with relevant laws and regulations, and the granting conditions have been satisfied [16][17].

Core Viewpoint - The company has decided to adjust the repurchase price of certain restricted stocks due to unmet performance targets in the fourth phase of its equity incentive plan, leading to the repurchase and cancellation of specific stock options and restricted stocks [2][9][10]. Summary by Relevant Sections Stock Repurchase and Cancellation - The company will repurchase and cancel a total of 680,400 shares of restricted stock due to the failure to meet performance targets set in the fourth phase of the equity incentive plan [9][10]. - The adjusted repurchase price for the third unlock period of the fourth phase restricted stock is set at approximately 19.03 yuan per share, while for the second unlock period, it is approximately 15.61 yuan per share [3][10]. Performance Targets and Adjustments - The board of directors has acknowledged that the company's 2024 financial performance did not meet the established targets for the fourth phase of the equity incentive plan, resulting in the decision to cancel the corresponding stock options and restricted stocks [2][9]. - The adjustments to the repurchase prices were made in accordance with the company's equity incentive plan and relevant regulations, reflecting the impact of the company's performance on the incentive structure [10][12]. Legal and Procedural Compliance - The company has followed necessary legal procedures for the stock repurchase and cancellation, including notifying creditors and obtaining required approvals from the supervisory board and independent directors [12][13]. - The legal opinion from Shanghai Bohang Law Firm confirms that the adjustments and cancellations comply with applicable laws and regulations, ensuring no significant impact on the company's normal operations [13].

| 北京市天元律师事务所 | | | | --- | --- | --- | | 关于江苏利通电子股份有限公司 | | | | 的法律意见 | | | | 北京市天元律师事务所 | | | | 北京市西城区金融大街 | 35 | 号国际企业大厦 A 座 509 单元 | | 邮编：100033 | | | | | | 目 录 | | 七、本次股权激励计划不存在明显损害公司及全体股东利益和违反有关法律、行 | | | | 释 | 义 | | | 除非本法律意见中另有说明，下列词语在本法律意见中的含义如下： | | | | 利通电子、公司、上市 | | | | 指 | | 江苏利通电子股份有限公司 | | 公司 | | | | 本激励计划、本次激励 | | | | 计划、本次股权激励计 | 指 | 江苏利通电子股份有限公司 2025 年限制性股票激励计划 | | 划 | | | | 公司根据本激励计划规定的条件和价格，授予激励对象一 | | | | 定数量的公司股票，该等股票设置一定期限的限售期，在 | | | | 限制性股票 | 指 | | | 达到本激励计划规定的解除限售条件后，方可解除限售流 | | | | ...

Core Viewpoint - The company is set to implement a restricted stock incentive plan for 2025, which has been reviewed and approved by the board's remuneration and assessment committee, ensuring compliance with relevant laws and regulations [1][2][4]. Summary by Sections Compliance and Eligibility - The company meets the eligibility criteria for implementing the incentive plan, as there have been no negative audit opinions on financial reports or internal controls in the last accounting year [2][3]. - The incentive plan is in accordance with the provisions of the Company Law, Securities Law, and the Management Measures for Equity Incentives [3]. Incentive Plan Details - The plan includes specific arrangements for the granting and vesting of restricted stocks, including grant amounts, dates, prices, and vesting conditions, all of which comply with legal regulations and protect the interests of the company and its shareholders [3]. - The incentive plan aims to retain talented individuals and align the interests of shareholders, the company, and the core team, promoting long-term development and achieving strategic goals [3][4]. Approval Process - Following the board's approval, the names and positions of the incentive recipients will be publicly disclosed for a minimum of 10 days, allowing for feedback before the plan is presented to the shareholders' meeting for final approval [3].

Core Viewpoint - The company has established a management approach for the implementation of the 2025 Restricted Stock Incentive Plan to enhance governance, attract talent, and align the interests of shareholders, the company, and employees [1][2]. Group 1: Assessment Objectives and Principles - The purpose of the assessment is to create a long-term incentive mechanism to attract and retain talent while aligning the interests of shareholders, the company, and employees for long-term development [2]. - The assessment must adhere to principles of fairness, transparency, and objectivity, combining quantitative and qualitative evaluations to enhance management performance and maximize shareholder value [2][3]. Group 2: Assessment Targets and Institutions - The assessment applies to designated incentive objects, including directors, senior management, core technical and business personnel, excluding independent directors and major shareholders [2][3]. - The Compensation and Assessment Committee of the Board is responsible for organizing and implementing the incentive plan, while the Human Resources Department oversees the specific assessment work [3][4]. Group 3: Assessment Indicators and Standards - The performance assessment for the incentive plan spans from 2025 to 2027, with specific performance targets set for each year, including revenue and net profit thresholds [3][4]. - The assessment results will determine the vesting of restricted stocks, with a 100% vesting ratio if performance targets are met, and a 0% ratio if not [4][5]. Group 4: Assessment Period and Procedures - The assessment period is defined as the fiscal year prior to the application for vesting of restricted stocks, with annual assessments conducted [5][6]. - The Human Resources Department is responsible for maintaining assessment results and submitting performance reports to the Compensation and Assessment Committee for review [5][6]. Group 5: Assessment Results Management - Assessment results must be communicated to the assessed individuals within five working days, with a process for appeals if there are disputes regarding the results [5][6]. - The results must be archived, requiring signatures from the involved parties [6][7]. Group 6: Additional Provisions - The Board of Directors is responsible for formulating, interpreting, and revising the management approach, which will take precedence over any conflicting future regulations [7].

Core Viewpoint - Dongguan Yutong Optical Technology Co., Ltd. has proposed a 2025 Restricted Stock Incentive Plan aimed at attracting and retaining talent, aligning the interests of shareholders, the company, and employees for long-term development [1][2]. Summary by Sections Incentive Plan Overview - The plan is based on various laws and regulations, including the Company Law and Securities Law of the People's Republic of China [1]. - The incentive tool used is restricted stock, specifically the second type of restricted stock, issued to selected incentive objects [1][2]. Granting Conditions and Participants - A total of 3,869,000 shares are proposed for grant, representing approximately 1.0342% of the company's total share capital of 374,118,981 shares [2][3]. - The plan targets up to 364 participants, including directors, senior management, and core technical and business personnel, excluding independent directors and major shareholders [2][11]. Stock Price and Vesting Period - The grant price for the restricted stock is set at 13.66 yuan per share [3][18]. - The plan's validity lasts from the grant date until all shares are vested or become void, with a maximum duration of 60 months [3][15]. Performance and Vesting Conditions - Vesting is contingent upon meeting specific performance targets over three years, with annual assessments based on revenue and net profit growth rates [19][21]. - The performance targets for the first year require a minimum revenue growth of 20%, increasing to 30% and 40% in subsequent years [20][21]. Management and Approval Process - The plan requires approval from the company's shareholders and must be managed by the board of directors, with a dedicated compensation and assessment committee overseeing its implementation [9][30]. - The plan must be publicly disclosed and the list of incentive objects must be announced prior to the shareholder meeting [12][30]. Adjustments and Accounting Treatment - Adjustments to the number of shares and grant price may occur due to corporate actions such as stock splits or dividends [24][25]. - The accounting treatment for the incentive plan will follow relevant accounting standards, with costs recognized over the vesting period [26][28].

Core Viewpoint - Dongguan Yutong Optical Technology Co., Ltd. is implementing a restricted stock incentive plan for 2025 to attract and retain talent, aligning the interests of shareholders, the company, and employees for long-term development [7][28]. Group 1: Company Overview - Dongguan Yutong Optical Technology Co., Ltd. was established as a joint-stock company in December 2015 and is listed on the Shenzhen Stock Exchange with the stock code "300790" [6]. - The company specializes in the research, production, processing, and sales of optical lenses, instruments, and components [6]. Group 2: Incentive Plan Details - The incentive plan aims to establish a long-term incentive mechanism, motivating employees and ensuring their contributions align with company goals [7][28]. - The plan includes a total of 15 chapters covering objectives, management, stock sources, grant conditions, and dispute resolution mechanisms [7][28]. Group 3: Eligibility and Scope - The incentive plan targets up to 364 individuals, including directors, senior management, core technical and business personnel, excluding independent directors and major shareholders [9][10]. - The plan specifies that the incentive objects must not have been deemed inappropriate by regulatory bodies in the past 12 months [10][19]. Group 4: Stock Details - The plan involves granting a total of 3,869,000 restricted stocks, representing 1.034% of the company's total share capital, with no individual receiving more than 1% [11][13]. - The grant price for the restricted stocks is set at 13.66 yuan per share, which is compliant with regulatory pricing requirements [17][18]. Group 5: Performance Conditions - The performance assessment for stock vesting is based on revenue growth targets, with specific annual growth rates set for 2025, 2026, and 2027 [20][21]. - The company must meet certain financial conditions to grant stocks, including no negative audit opinions in the previous fiscal year [18][19]. Group 6: Legal Compliance and Procedures - The company has followed necessary legal procedures for the implementation of the incentive plan, including board approvals and compliance with relevant regulations [24][25]. - The plan requires further shareholder approval to be fully implemented, ensuring transparency and adherence to governance standards [28].

Core Viewpoint - The legal opinion letter issued by King & Wood Mallesons confirms that Lianhua Holdings Co., Ltd. has met the necessary conditions for the first exercise period of stock options and the first lifting of restrictions on granted restricted stocks under its 2023 stock option and restricted stock incentive plan [1][17]. Group 1: Approval and Authorization - The shareholders' meeting authorized the board of directors to handle matters related to the stock incentive plan, including the review and confirmation of the exercise or lifting of restrictions for incentive objects [5][6]. - The necessary approvals and authorizations for the exercise and lifting of restrictions have been obtained, complying with relevant regulations [6][17]. Group 2: Conditions for Exercise and Lifting of Restrictions - The first exercise period for stock options is set to be from 12 months after the grant date until 24 months after the grant date, while the first lifting of restrictions for restricted stocks follows a similar timeline based on the completion of registration [6][7]. - Conditions for exercising stock options include the absence of negative audit opinions on financial reports and compliance with profit distribution regulations [9][12]. - Performance assessment targets for the incentive plan require a minimum revenue growth rate of 30% for 2024 and 45% for 2025, or a minimum profit growth rate of 60% for 2024 and 90% for 2025, based on 2022 figures [9][10][11]. Group 3: Performance Assessment - The performance assessment for individual incentive objects is based on a scoring system, where a score of 60 or above allows for full exercise or lifting of restrictions [10][11]. - The company has confirmed that all 19 incentive objects have achieved scores greater than 60, allowing for full exercise and lifting of restrictions [17]. Group 4: Compliance and Legal Responsibility - King & Wood Mallesons has conducted thorough verification and confirmed that the facts and legal issues related to the exercise and lifting of restrictions are accurate and complete [5][14]. - The law firm assumes legal responsibility for the opinions expressed in the legal opinion letter, which is to be used solely for the purpose of the exercise and lifting of restrictions [5][18].

Core Viewpoint - The announcement details the achievement of the first exercise conditions for stock options and the first release conditions for restricted stocks under the 2023 stock option and restricted stock incentive plan of Lianhua Holdings, indicating that the company is moving forward with its incentive program [1][2][21]. Group 1: Incentive Plan Details - The incentive plan has met the exercise conditions for stock options and the release conditions for restricted stocks, with 19 eligible participants for both [1][21]. - A total of 620,350 stock options and 620,350 restricted stocks are set to be exercised and released, respectively [1][21]. - The company will proceed with the necessary procedures for exercising stock options and releasing restricted stocks after obtaining approvals from relevant institutions [2][21]. Group 2: Approval and Governance - The board of directors and the supervisory board have approved the relevant proposals regarding the incentive plan, emphasizing its benefits for corporate governance and employee motivation [2][3]. - Independent directors have expressed that the implementation of the incentive plan will enhance the company's governance structure and will not harm the interests of the company and its shareholders [2][3]. Group 3: Performance Conditions - The performance assessment for the incentive plan requires the company to achieve specific revenue and profit growth targets over the assessment periods [13][17]. - For the first exercise period, the company must achieve a revenue growth rate of at least 30% or a profit growth rate of at least 60% based on 2022 figures for the year 2024 [13][17]. - The performance conditions are linked to both company-level and individual-level assessments, with specific criteria for eligibility to exercise options and release stocks [14][19]. Group 4: Legal and Compliance - The company has obtained necessary approvals and authorizations for the exercise and release of stocks, ensuring compliance with relevant regulations [21][22]. - Legal opinions confirm that the actions taken are in accordance with the management regulations and the incentive plan [21][22].