Core Viewpoint - Hefei Meiya Optoelectronics Technology Co., Ltd. plans to repurchase and cancel 6,150 shares of restricted stock due to the departure of six incentive recipients from the 2021 stock incentive plan, pending shareholder approval [1][2]. Repurchase Background and Reasons - The repurchase is a result of the departure of incentive recipients, as per the 2021 stock incentive plan, which stipulates that shares granted but not yet released from restrictions must be repurchased at the grant price if the recipient leaves the company [2]. Specifics of the Repurchase - Total shares to be repurchased: 6,150 shares (0.615 million shares) - Repurchase price: 9.78 yuan per share, totaling approximately 60,147 yuan (around 6.01 million yuan) - Post-repurchase, the company's total shares will decrease by 6,150 shares, representing 0.0007% of the current total share capital [3]. Legal Procedures and Compliance - The repurchase has been approved by the company's board and supervisory committee, with legal opinions confirming that necessary legal procedures have been followed. The matter will be submitted for approval at the upcoming shareholder meeting [4]. Impact on the Company - This repurchase is a routine adjustment due to the departure of incentive recipients and is not expected to significantly impact the company's financial status or daily operations. The company has previously repurchased over 200,000 shares due to similar circumstances, adhering to relevant regulations [5].

Group 1 - The company held its 20th meeting of the second board on September 3, 2025, with all 7 directors present, complying with legal and regulatory requirements [1] - The board approved the proposal to abolish the supervisory board, transferring its responsibilities to the audit committee, and made corresponding amendments to the company's articles of association [1] - The board approved the appointment of KPMG Huazhen as the auditing firm for the fiscal year 2025, following a public selection process [2] Group 2 - The board approved an adjustment to the grant price of the 2024 restricted stock incentive plan, reducing it from 15.60 yuan per share to 15.40 yuan per share [3] - The board agreed to grant 698,000 shares of restricted stock to incentive targets as part of the incentive plan [4] - The board approved the appointment of a securities affairs representative and scheduled the first extraordinary general meeting of shareholders for 2025 [5]

Group 1 - The company held its 16th meeting of the 5th Board of Directors on August 14, 2025, with all 9 directors present, and the meeting complied with relevant laws and regulations [1] - The Board approved the company's 2025 semi-annual report with a unanimous vote of 9 in favor [1] Group 2 - The company plans to change its business scope and amend certain provisions of its Articles of Association, which will be submitted for approval at the upcoming extraordinary general meeting [2] - The Board approved several governance system amendments, including the rules for shareholder meetings and board meetings, with all votes in favor [2][3] Group 3 - The company nominated candidates for the 6th Board of Directors, including both non-independent and independent directors, which will also be submitted for approval at the extraordinary general meeting [4] Group 4 - The company adjusted the grant price for its fourth stock incentive plan from 9.15 yuan per share to 9.10 yuan per share, with the decision approved by the Compensation and Assessment Committee [5] - The first vesting conditions for the fourth stock incentive plan have been met, allowing 11 eligible participants to receive a total of 1.64 million restricted shares [5] Group 5 - The company has scheduled its 2025 second extraordinary general meeting for September 5, 2025, with the decision approved unanimously by the Board [7]

Core Viewpoint - O-film Technology Co., Ltd. is undertaking a series of governance and operational improvements through amendments to its Articles of Association and internal management systems, aiming to enhance operational efficiency and protect shareholder rights [1][2]. Group 1: Board Meeting and Resolutions - The sixth board meeting of O-film was held on July 29, 2025, with all seven directors present, confirming compliance with relevant laws and regulations [1]. - The board approved amendments to the Articles of Association to streamline management processes and enhance governance effectiveness, pending shareholder approval [1][2]. - A total of 33 internal management systems were discussed, with several being revised, established, or abolished to improve company operations [2][3][4]. Group 2: Specific Resolutions - The board approved the revision of the "Shareholders' Meeting Rules," "Board Meeting Rules," and "Independent Director Work System," with unanimous support from all directors [3][4]. - Other revised systems include the "Investment Decision Management System," "Related Party Transaction Management System," and "External Guarantee Management System," all receiving unanimous approval [4][5]. - The board also decided to abolish outdated systems such as the "Insider Information and Knowledge Person Management Measures" and "Authorization Management System" to align with current operational needs [5][6]. Group 3: Management Changes and Future Meetings - The board appointed Sun Shiquan as the new Deputy General Manager, effective immediately upon board approval [9]. - A third extraordinary general meeting is scheduled for August 14, 2025, to review the approved resolutions and amendments [10].

Meeting and Attendance - The meeting was convened and conducted in accordance with relevant laws, regulations, and the company's articles of association [1] - A total of 3 supervisors were supposed to attend, with all 3 present or authorized to attend [1] Proposal Review - The proposal to abolish the supervisory board and amend the articles of association was approved. The supervisory board's functions will be transferred to the audit committee of the board of directors [1][2] - The company completed a capital increase on June 11, 2025, distributing 2 additional shares for every 10 shares held, raising the total share capital from 59,980,280 shares to 71,976,336 shares [1] - The proposal to abolish the "Supervisory Board System" was also approved, with the supervisory board's functions being transferred to the audit committee [2] - The proposal to adjust the number of stock options and exercise prices in the 2023 equity incentive plan was approved, following the completion of the 2024 annual equity distribution [2][3]

Core Viewpoint - The legal opinion letter from Beijing Zhonglun (Shenzhen) Law Firm addresses the adjustments related to the stock option and restricted stock incentive plans of Zhaoyi Innovation Technology Group Co., Ltd. for the years 2020, 2021, 2023, and 2024, confirming that necessary approvals and authorizations have been obtained for these adjustments [2][15]. Summary by Sections Legal Framework - The law firm has acted as a special legal advisor for Zhaoyi Innovation regarding the implementation of the 2020, 2021, 2023, and 2024 incentive plans, in accordance with relevant laws and regulations including the Company Law and Securities Law of the People's Republic of China [3][4]. Adjustments to Incentive Plans - The adjustments to the incentive plans are based on the company's profit distribution proposal for 2024, which includes a cash dividend of 3.40 yuan per 10 shares (tax included) without capital reserve transfers or stock bonuses [7]. - Following the adjustments, the exercise prices for the stock options and repurchase prices for restricted stocks have been set as follows: - 2020 Plan: Exercise price adjusted to 141.73 yuan/share, repurchase price to 69.659 yuan/share [7][9]. - 2021 Plan: Exercise price adjusted to 185.94 yuan/share, repurchase price to 91.96 yuan/share [9]. - 2023 Plan: Exercise price adjusted to 86.13 yuan/share [9]. - 2024 Plan: Exercise price adjusted to 58.84 yuan/share [9]. Approval and Authorization - The adjustments have been approved by the company's board of directors, in compliance with the Management Measures and the company's articles of association [15]. - The board has been authorized to make necessary adjustments to the stock option exercise prices and repurchase prices in response to events such as profit distribution and capital reserve transfers [10][13].