Core Viewpoint - The legal opinion letter from Haiwen & Partners confirms that Tangshan Jidong Cement Co., Ltd. is qualified to implement its 2025 restricted stock incentive plan, adhering to relevant laws and regulations [3][9][32]. Group 1: Company Overview - Tangshan Jidong Cement Co., Ltd. is a publicly listed company with a registered capital of 2,658.215011 million yuan, established on August 5, 1994 [7]. - The company is engaged in the manufacturing and sales of cement, clinker, and related building materials, among other activities [7]. Group 2: Incentive Plan Details - The 2025 restricted stock incentive plan aims to attract and retain talent, aligning the interests of shareholders, the company, and employees [9][10]. - The plan targets 245 individuals, representing approximately 1.17% of the total workforce of 20,943 employees as of the end of 2024 [12][13]. - The total number of restricted stocks to be granted is capped at 26.58 million shares, accounting for 1.00% of the company's total share capital [13]. Group 3: Legal Compliance and Procedures - The company has completed necessary legal procedures for the incentive plan, including board and supervisory committee approvals, and has engaged independent financial advisors for feasibility assessments [31][32]. - The plan must undergo further procedures, including public disclosure of the incentive targets and approval from the State-owned Assets Supervision and Administration Commission before implementation [32][33]. Group 4: Performance Assessment Criteria - The performance assessment for the incentive plan includes metrics such as net asset cash return rate, net profit growth rate, labor productivity, fuel substitution rate, and patent application numbers [25][31]. - Specific performance targets are set for the years 2026 to 2028, with detailed criteria for the release of restricted stocks based on achieving these targets [25][26].