Core Viewpoint - The legal opinion letter from Beijing Zhonglun (Shenzhen) Law Firm confirms that Shenzhen Mingyang Circuit Technology Co., Ltd. is eligible to implement its 2025 Restricted Stock Incentive Plan, adhering to relevant laws and regulations [2][8][36]. Group 1: Company Overview - Shenzhen Mingyang Circuit Technology Co., Ltd. is a publicly listed company with a unified social credit code of 914403007298410748, established as a joint-stock limited company [10]. - The company is engaged in the development of information and communication products, including the production of multilayer circuit boards and flexible circuit boards [10][11]. Group 2: Incentive Plan Details - The 2025 Restricted Stock Incentive Plan aims to establish a long-term incentive mechanism to attract and retain talent, aligning the interests of shareholders, the company, and core team members [11][36]. - The plan proposes to grant a total of 4.82 million restricted stocks, accounting for 1.39% of the company's total share capital of 347.82 million shares [12][14]. Group 3: Stock Grant and Conditions - The grant of restricted stocks will be priced at 8.57 yuan per share, which is not lower than the par value and meets the required pricing conditions [22][36]. - The plan includes performance assessment criteria for the release of restrictions on stocks, with specific targets for revenue growth and net profit for the years 2025 to 2027 [24][26]. Group 4: Legal Compliance and Procedures - The company has fulfilled necessary legal procedures for the implementation of the incentive plan, including board approvals and public disclosures [27][30]. - The plan requires further approval from the shareholders' meeting before implementation, ensuring compliance with the relevant laws and regulations [37][38].