Core Viewpoint - The announcement details the results of the stock vesting from the 2021 and 2023 restricted stock incentive plans, including the number of shares that will be listed and the relevant decision-making processes. Group 1: Stock Listing and Vesting Details - The total number of shares to be listed for trading is 402,391 shares, which are part of the stock incentive plan [1] - The listing date for these shares is set for July 29, 2025 [1] - The company completed the registration of vested shares on July 22, 2025 [2] Group 2: Decision-Making Process - The decision-making process for the 2021 incentive plan was approved during the board meeting on July 16, 2021, with independent directors providing their opinions [2][3] - The company conducted a public announcement regarding the incentive plan and the list of incentive recipients, with no objections received during the public notice period [3][4] Group 3: Shareholder Meetings and Approvals - The first extraordinary general meeting of shareholders in 2021 approved the incentive plan and related matters on August 5, 2021 [4][5] - The company conducted self-inspections regarding insider trading prior to the announcement of the incentive plan and found no violations [5] Group 4: Stock Vesting and Distribution - The number of shares vested includes 200,954 shares for 123 individuals, with a total of 1,255,960 shares granted under the plan [12] - The vesting of shares is based on the fulfillment of specific conditions, with a total of 227 individuals receiving vested shares [14] Group 5: Financial Impact - The newly vested shares will increase the total share capital from 51,812,140 to 52,214,531 shares [15] - The net profit for the first quarter of 2025 was reported at 17.476 million yuan, with basic earnings per share of 0.34 yuan [16]

Core Viewpoint - The legal opinion letter addresses the adjustments to the restricted stock incentive plans of Wuhan Lingdian Automotive Control System Co., Ltd., including changes in grant prices, vesting periods, and the conditions for vesting of the stock options [1][2][3]. Summary by Relevant Sections Adjustments to Incentive Plans - The company has adjusted the grant prices for the 2021 and 2023 restricted stock incentive plans, with the adjusted prices being 35.415 CNY per share for the 2021 plan and 40.075 CNY per share for the 2023 plan [7][8]. - The adjustments were made in accordance with the company's incentive plan regulations and relevant legal frameworks [8][17]. Vesting Conditions and Periods - The 2021 incentive plan's third vesting period is from August 5, 2024, to August 4, 2025, while the second vesting period for the reserved grants is from August 1, 2024, to July 31, 2025 [9][13]. - The 2023 incentive plan's first vesting period is from October 11, 2024, to October 10, 2025 [15]. Achievement of Vesting Conditions - For the 2021 plan, the vesting conditions include the absence of negative audit opinions and the fulfillment of performance targets, with the company achieving a revenue of 100,848.11 million CNY in 2023, representing a 32.27% increase compared to 2020 [11][14]. - The 2023 plan also requires similar conditions, with the company meeting the necessary performance metrics for vesting [14][15]. Stock Cancellation - A total of 831,012 shares of restricted stock were canceled due to various reasons, including the departure of 122 incentive recipients and failure to meet performance targets [16][17]. - The cancellation aligns with the stipulations outlined in the incentive plans and relevant regulations [16][17].