Core Viewpoint - The company has announced the cancellation of a portion of the unvested restricted stock from the 2023 incentive plan due to unmet performance targets and employee departures [4][6]. Summary by Sections 1. Approval Procedures for the 2023 Restricted Stock Incentive Plan - The company held multiple board and supervisory meetings to approve the 2023 restricted stock incentive plan, including the initial grant and the reserve portion [1][2][3]. 2. Details of the Canceled Restricted Stock - A total of 436.80 million shares of unvested restricted stock have been canceled due to two main reasons: employee departures and failure to meet performance targets [4][5][6]. 3. Impact of the Canceled Restricted Stock - The cancellation of the restricted stock will not significantly affect the company's financial status or operational performance, nor will it impact the stability of the management and core personnel [6]. 4. Legal Opinions and Compliance - The board's compensation and assessment committee, as well as legal counsel, confirmed that the cancellation complies with relevant laws and regulations, and does not harm the interests of the company or its shareholders [6][7].

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng (Hangzhou) Law Firm confirms that Aopu Intelligent Technology Co., Ltd. has obtained the necessary approvals and authorizations for its 2023 Restricted Stock Incentive Plan, including the repurchase and cancellation of certain unvested restricted stocks [2][4][6]. Group 1: Approval and Authorization - The company has received approval for the implementation of the 2023 Restricted Stock Incentive Plan and has authorized the board of directors to handle related matters, including the repurchase and cancellation of stocks [4][5]. - The legal opinion states that the repurchase and cancellation of stocks has met the necessary approvals and authorizations as of the date of the opinion [5][6]. Group 2: Repurchase and Cancellation Details - The repurchase and cancellation are based on the performance evaluation results of the incentive targets, with 6 individuals rated as good (80% unlock ratio) and 1 as qualified (50% unlock ratio), leading to a total of 109,350 shares to be repurchased [5][6]. - The repurchase involves 7 incentive targets and the company has opened a dedicated securities account for this purpose [5][6]. Group 3: Information Disclosure - The company has fulfilled its information disclosure obligations regarding the repurchase and cancellation, in accordance with relevant laws and regulations [6]. - The legal opinion letter will be submitted along with other materials to the Shanghai Stock Exchange for related disclosures [4][6]. Group 4: Conclusion - The legal opinion concludes that the repurchase and cancellation of stocks comply with the relevant laws and regulations, and the company must still complete the necessary registration and changes in business operations [6].