Core Viewpoint - The announcement details the unlocking and listing of 300,000 shares under the 2024 Restricted Stock and Stock Option Incentive Plan, with the unlocking date set for September 29, 2025 [2][3][4]. Group 1: Incentive Plan Approval and Implementation - The incentive plan was approved during the board meetings held on July 21 and July 22, 2024, with the plan submitted for board review [4][5]. - The internal list of incentive recipients was publicly disclosed from July 23 to August 1, 2024, with no objections received [5][6]. - The first extraordinary general meeting of shareholders on August 8, 2024, approved the incentive plan and authorized the board to handle related matters [6][7]. Group 2: Conditions for Unlocking Shares - The first unlocking period for the restricted shares is set to end 12 months after the registration completion date, which was on September 25, 2024 [10]. - The conditions for unlocking the shares have been met, allowing two incentive recipients to unlock a total of 300,000 shares [11][15]. Group 3: Unlocking and Listing Details - The unlocking of the restricted shares will occur on September 29, 2025, with a total of 300,000 shares available for trading [12][13]. - The stock source is from the company's directed issuance of A-shares to the incentive recipients [12]. - The board's compensation and assessment committee confirmed that the company and the incentive recipients met the necessary conditions for unlocking the shares [15][16]. Group 4: Legal and Financial Advisory Opinions - Legal opinions confirm that the necessary approvals and authorizations for the unlocking have been obtained, complying with relevant laws and regulations [17][18]. - The independent financial advisor also affirmed that the unlocking process aligns with the applicable legal framework [18].

Core Viewpoint - The company is proceeding with the repurchase and cancellation of restricted stocks and stock options as part of its 2024 incentive plan due to the departure of several incentive recipients [2][3]. Group 1: Incentive Plan Progress - The incentive plan draft was approved by the Compensation and Assessment Committee on April 19, 2024, followed by approvals from the board and supervisory committee on April 23, and the annual shareholders' meeting on May 17, 2023 [2]. - The first exercise conditions for stock options were approved by the Compensation and Assessment Committee on April 17, 2025 [2]. Group 2: Repurchase and Cancellation Details - A total of 28,000 restricted stocks and 42,500 stock options will be repurchased and canceled due to five incentive recipients leaving the company [2]. - The repurchase price is set at 9.92 yuan per share, with funding sourced from the company's own funds [2]. - This repurchase and cancellation will not affect the company's stock distribution or the implementation of the incentive plan, nor will it have a significant impact on the company's operating performance [2]. Group 3: Information Disclosure - The company will timely announce the resolutions from the board meeting and the details regarding the repurchase and cancellation of stocks and options [3]. - The legal opinion confirms that necessary approvals have been obtained, although the repurchase of restricted stocks still requires shareholder meeting approval [3].

Core Viewpoint - The announcement details the implementation of the first exercise period for the 2024 restricted stock and stock option incentive plan by the company, highlighting the number of eligible participants and the specifics of the stock options to be exercised [1][2][8]. Summary by Sections Incentive Plan Approval and Implementation - The incentive plan was approved during the board meetings held on July 24, 2025, where the conditions for the first exercise period were confirmed [2][3][4]. - The plan was initially discussed and approved in meetings on July 21 and July 22, 2024, with subsequent public disclosures made on July 23 and August 3, 2024 [3][4]. Stock Option Grant Details - A total of 19 individuals are eligible to exercise stock options, with 1.3 million options available at an exercise price of 9.97 yuan per option [2][9]. - The options were granted on August 8, 2024, and the exercise period begins on August 28, 2025, lasting until August 7, 2026 [11]. Conditions for Exercise - The first exercise period for the stock options is defined as the period from 12 months after the grant date until 24 months after the grant date [7]. - The conditions for the exercise of the stock options have been met, allowing the eligible participants to proceed with the exercise [8][13]. Monitoring and Compliance - The supervisory board confirmed that the performance assessment results for the eligible participants are compliant and valid, ensuring that all legal and regulatory requirements are met [13][15]. - Legal and independent financial advisors have provided opinions affirming that the exercise of options complies with relevant laws and regulations [15][16]. Financial Implications - The company will account for the stock option expenses according to relevant accounting standards, ensuring that the exercise does not significantly impact the company's financial status [14].

Core Viewpoint - The announcement details the implementation of the 2024 Restricted Stock and Stock Option Incentive Plan, highlighting the conditions for the first exercise period and the approval process by the board and supervisory committee [1][2][3]. Group 1: Incentive Plan Approval and Implementation - The board and supervisory committee approved the 2024 Restricted Stock and Stock Option Incentive Plan during meetings held on July 24, 2025 [1]. - The plan includes a draft and management measures for the implementation of the incentive program, which were submitted for board review [2][3]. Group 2: Conditions for Exercising Stock Options - A total of 19 eligible participants can exercise stock options, with 1.3 million options available at an exercise price of 9.97 yuan per option [4][5]. - The exercise period starts on August 28, 2025, following the completion of the first waiting period [4][5]. Group 3: Performance Assessment and Compliance - The company must meet specific performance criteria, including a minimum revenue threshold for 2024, to validate the exercise of stock options [6][7]. - The individual performance assessment of participants is categorized into "qualified" and "unqualified," affecting their ability to exercise options [8]. Group 4: Monitoring and Legal Compliance - The supervisory committee confirmed that the performance results of the 19 eligible participants comply with legal and regulatory requirements [11][12]. - Legal opinions affirm that the necessary approvals and procedures for the exercise of options have been followed, ensuring compliance with relevant laws and regulations [12][13].

Core Viewpoint - The legal opinion letter from Shanghai Junlan Law Firm confirms that the repurchase and cancellation of certain restricted stocks and stock options by Luolai Life Technology Co., Ltd. complies with relevant regulations and has obtained necessary approvals, with no impact on the company's operational performance [1][8]. Summary by Sections Approval and Authorization - The repurchase and cancellation of stocks have received necessary approvals from the board of directors, and the final approval from the shareholders' meeting is still required [3][8]. Repurchase and Cancellation Details - Two individuals have left the company and will have their 250,000 restricted stocks repurchased and canceled. Additionally, nine individuals will have their stock options canceled due to leaving the company [5][7]. - The repurchase price for the restricted stocks is set at 3.66 RMB per share, based on the initial grant price outlined in the incentive plan [6][7]. Impact of Repurchase and Cancellation - The repurchase and cancellation will not affect the company's operational performance or the diligence of the management team [7][8]. Information Disclosure - The company is required to disclose relevant information regarding the repurchase and cancellation in accordance with the management regulations and incentive plan [7][8].