Core Viewpoint - The legal opinion letter from Zhejiang Tian Ce Law Firm confirms that the 2024 Restricted Stock Incentive Plan of Yindu Catering Equipment Co., Ltd. has met all necessary legal requirements and procedures for implementation and adjustment [1][2][17]. Group 1: Company Background - Yindu Catering Equipment Co., Ltd. was established as a joint-stock company on December 8, 2011, with a total share capital of 75 million shares and a registered capital of 75 million yuan [3][4]. - The company underwent a public offering of 66 million shares in September 2017, increasing its total share capital to 400.8 million shares and registered capital to 400.8 million yuan [3][4]. Group 2: Incentive Plan Approval and Authorization - The company has fulfilled all necessary legal procedures for the implementation of the 2024 Restricted Stock Incentive Plan, including board and shareholder approvals [5][6][17]. - The plan was approved during the first extraordinary general meeting of shareholders held on July 4, 2024, which authorized the board to grant restricted stocks to eligible participants [7][17]. Group 3: Adjustments to the Incentive Plan - The adjustments to the incentive plan include changes to the repurchase price and quantity of restricted stocks due to capital increases and profit distributions [8][10][11]. - The repurchase price for certain restricted stocks was adjusted from 15.00 yuan to 10.00 yuan per share, and the total number of stocks subject to repurchase was modified accordingly [10][11]. Group 4: Granting of Restricted Stocks - The granting date for the reserved portion of restricted stocks was set for June 12, 2025, with a total of 395,850 shares to be granted at a price of 10 yuan per share [12][14][17]. - The granting conditions have been met, and the recipients of the restricted stocks include 25 individuals, with the largest allocation going to the production vice president [14][15][17].

Meeting Details - The shareholders' meeting was held on May 19, 2025, at the company's conference room in Hangzhou [1] - The attendance rate of ordinary shareholders and preferred shareholders with restored voting rights was 78.9117% [1] - The meeting was hosted by the chairman, Mr. Zhou Junjie, and followed the regulations of the Company Law and the Articles of Association [1] Voting Results - All non-cumulative voting proposals were approved with overwhelming support from A-shareholders, with votes in favor ranging from 99.9555% to 99.9983% [1][2][3] - The proposal for the interim dividend plan was also approved with 99.9980% of A-shareholders voting in favor [1] Specific Proposals - The meeting included various proposals such as the appointment of the annual audit firm, loan applications, and daily related party transactions, all of which were passed [4][5] - The remuneration confirmation for independent directors for the year 2024 was approved, with votes in favor exceeding 99% [5] Legal Compliance - The meeting's procedures, attendance qualifications, and voting processes were confirmed to comply with legal and regulatory requirements [5]

Core Viewpoint - The legal opinion letter from Zhejiang Tiance Law Firm confirms the legality and validity of the procedures and results of the 2024 annual general meeting of shareholders for Yindu Catering Equipment Co., Ltd. [1][2][5] Group 1: Meeting Procedures - The annual general meeting was proposed and convened by the board of directors, with the notice published on April 29, 2025 [2][4] - The meeting utilized a combination of on-site and online voting methods, with the on-site meeting scheduled for May 19, 2025, at 14:30 [2][3] - The online voting was available from 9:15 to 15:00 on May 19, 2025 [3] Group 2: Attendance and Voting - A total of 6 shareholders attended the meeting in person, representing 328,126,323 shares, approximately 77.27% of the total share capital [4] - The total number of shareholders participating in the voting, including both on-site and online, was 75, representing 335,109,208 shares, approximately 78.91% of the total share capital [4][5] - The qualifications of the attending shareholders and their proxies were verified and found to be compliant with relevant laws and regulations [5] Group 3: Voting Results - The voting results showed overwhelming support for the proposed resolutions, with approval rates exceeding 99.99% for most resolutions [6][8][10] - Specific resolutions included those related to annual salary confirmations and other significant proposals, all of which passed with high approval rates [7][11] - The legal opinion confirmed that the voting procedures adhered to the requirements of the Company Law and the rules governing shareholder meetings [12][13]

Core Points - The company is holding its 2024 Annual General Meeting to discuss various proposals and ensure shareholder rights are protected [2][3][5] - The meeting will include voting on thirteen proposals, including the annual report, profit distribution, and the appointment of auditors [5][6][7] Meeting Procedures - Shareholders have the right to speak, inquire, and vote during the meeting, with specific procedures for registration and speaking time [2][3] - Voting will be conducted through both on-site and online platforms, with a requirement for a majority or two-thirds approval for different proposals [3][5] Financial Performance - The company reported a net profit of 541.01 million yuan for 2024, representing a year-on-year increase of 5.89% [7][23] - Total assets increased by 10.10% to 4.23 billion yuan, while total liabilities rose by 41.86% to 1.44 billion yuan [24] Profit Distribution Proposal - The proposed profit distribution plan includes a cash dividend of 0.50 yuan per share, totaling approximately 212.33 million yuan, and a capital reserve conversion of 0.45 shares per share [26][27] - The company plans to distribute a total of 424.71 million yuan in cash dividends for the 2025 mid-year [27][28] Strategic Initiatives - The company aims to enhance its global market presence and brand recognition through strategic initiatives, including the establishment of warehouses in various countries [8] - The company is focused on product innovation and expanding its product range to meet market demands [9]