Core Viewpoint - The company, Zhenray Technology, has shown a positive stock performance with a closing price of 56.37 yuan, up 4.54% as of August 6, 2025, indicating investor confidence in its growth potential [1] Group 1: Company Performance - Zhenray Technology's stock price increased by 4.54% to 56.37 yuan, with a trading volume of 95,400 shares and a total transaction amount of 532 million yuan on August 6, 2025 [1] - The company has reported a significant increase in its order backlog, including verbal orders, indicating a strong growth trajectory in its traditional remote sensing satellite sales [2] Group 2: Financial Management - The company has announced the cancellation of certain fundraising special accounts and will permanently supplement its working capital with the remaining funds from its initial public offering, which raised approximately 1.69 billion yuan [4][5] - The company has also terminated the regulatory agreements associated with the canceled fundraising accounts, streamlining its financial management processes [5] Group 3: Market Activity - On August 6, 2025, the main funds experienced a net outflow of 27.42 million yuan, accounting for 5.15% of the total transaction amount, while retail investors saw a net inflow of 11.99 million yuan, representing 2.25% of the total [3][6]

Core Viewpoint - The legal opinion issued by Hunan Qiyuan Law Firm confirms that Hunan Hengguang Technology Co., Ltd.'s 2024 restricted stock incentive plan's repurchase price adjustment has obtained necessary approvals and complies with relevant laws and regulations [1][7]. Group 1: Legal Framework and Compliance - The legal opinion is based on the Company Law, Securities Law, and relevant regulations governing stock incentive plans [1][2]. - The law firm has conducted thorough verification of the company's actions and the legality of the incentive plan, ensuring no false records or misleading statements exist [2][3]. - The firm will bear legal responsibility for the opinion provided, which is based on the company's assurances regarding the completeness and accuracy of the information provided [2][3]. Group 2: Incentive Plan Details - The 2024 restricted stock incentive plan includes provisions for adjusting the repurchase price of restricted stocks based on various corporate actions such as capital increases and cash dividends [7][8]. - The repurchase price adjustment formula is specified, taking into account factors like stock dividends and cash distributions [7][8]. - The company has approved a cash dividend of RMB 1.25 per 10 shares, totaling RMB 13.8 million, which has been implemented [8][9]. Group 3: Repurchase Price Adjustment - The adjusted repurchase price for the restricted stock is calculated to be RMB 7.735 per share after accounting for the cash dividend [8][9]. - The adjustment ensures that the repurchase price remains above RMB 1, in compliance with the incentive plan's stipulations [8][9]. - The repurchase price will also include bank interest on the granted price if the stocks cannot be released due to performance assessment reasons [9].