Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms that Shanghai International Airport Co., Ltd. has obtained the necessary approvals and authorizations for the repurchase and cancellation of part of the restricted stock under its A-share incentive plan, in compliance with relevant laws and regulations [1][11]. Group 1: Approval and Authorization - The A-share restricted stock incentive plan has been approved and authorized by the company's board and supervisory committee, with necessary resolutions passed in meetings held on specific dates [5][6][9]. - The plan received principle approval from the Shanghai State-owned Assets Supervision and Administration Commission on July 25, 2024 [7][9]. Group 2: Reasons for Repurchase and Cancellation - The repurchase and cancellation of restricted stocks are due to 13 incentive objects experiencing changes in employment status, including termination of labor relations and job changes [9][10]. - The total number of restricted stocks to be repurchased includes 116,000 shares from 5 individuals and 52,300 shares from 8 individuals, based on their actual service time and compliance with performance assessment requirements [10][11]. Group 3: Repurchase Price and Conditions - The repurchase price for the restricted stocks is set at 17.70966 yuan per share, which is calculated by adjusting the initial grant price of 18.21966 yuan per share by the cash dividends received [10][11]. - The repurchase will also include interest calculated at the benchmark interest rate published by the People's Bank of China for the same period [10][11]. Group 4: Required Procedures - The company must fulfill information disclosure obligations in accordance with the Management Measures and relevant regulations from the Shanghai Stock Exchange [11].

北京市中伦律师事务所 关于康龙化成（北京）新药技术股份有限公司 个归属期归属条件成就但股票暂不上市 及部分限制性股票作废事项的 法律意见书 二〇二五年八月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭 州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 法律意见书 目 录 北京市中伦律师事务所 关于康龙化成（北京）新药技术股份有限公司 第四个归属期归属条件成就但股票暂不上市 及部分限制性股票作废事项的 法律意见书 致：康龙化成（北京）新药技术股份有限公司 根据康龙化成（北京）新药技术股份有限公司（以下简称"康龙化成"、 "公 司"）与北京市中伦律师 ...

北京市中伦律师事务所 关于康龙化成（北京）新药技术股份有限公司 及部分限制性股票作废事项的 根据《公司法》《证券法》《上市公司股权激励管理办法》（以下简称《管理 办法》）等法律、法规、规范性文件和《康龙化成（北京）新药技术股份有限公 司章程》 （以下简称《公司章程》 ）等有关规定，就公司本次股权激励计划授予价 | 法律意见书 | | | | 二〇二五年八月 | | --- | --- | --- | --- | --- | | 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭 | | | | | | 州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • • 洛杉矶 • | | | 纽约 | | | 旧金山 • 阿拉木图 | | | | | | Beijing • Shanghai • Shenzhen • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing | Guangzhou | • | | | | • Haikou • Tokyo • Hong Kong • London • New York • L ...

Core Viewpoint - The legal opinion from Zhonglun Law Firm addresses the conditions for the third vesting period of the restricted stock incentive plan of Kanglong Chemical (Beijing) New Drug Technology Co., Ltd., indicating that the conditions have been met but the stocks will not be listed for trading at this time [1][12]. Summary by Sections Legal Opinion Overview - The legal opinion is based on the review of the 2022 A-share restricted stock incentive plan and related documents, confirming compliance with relevant laws and regulations [4][7]. Approval and Authorization - The adjustments, vesting, and cancellation of certain restricted stocks have been approved by the company's board and independent directors, ensuring compliance with the management regulations [6][8]. Vesting Conditions - The third vesting period for the restricted stocks is defined as starting from the first trading day after 36 months from the grant date, which was July 28, 2022, and will last until the last trading day within 48 months [8][11]. - The conditions for vesting have been met, including no adverse audit opinions and the fulfillment of performance targets [9][10]. Performance Metrics - The company’s revenue for 2024 is projected to be approximately 12.28 billion, representing a growth of at least 60% compared to 2021's revenue of about 7.44 billion [9][10]. Cancellation of Restricted Stocks - A total of 44,104 shares of restricted stock granted to 10 individuals who left the company have been declared void, in accordance with the incentive plan [11][12]. Conclusion - The legal opinion concludes that all necessary approvals have been obtained, the third vesting period conditions have been satisfied, and the actions taken are in compliance with applicable laws and regulations [12].

Core Viewpoint - The legal opinion letter from Beijing Global Law Firm Shanghai Branch addresses the approval and authorization of the Shanghai Foreign Service Holding Group Co., Ltd.'s A-share restricted stock incentive plan, including the conditions for lifting restrictions, the repurchase and cancellation of certain restricted stocks, and the adjustment of repurchase prices [3][24]. Summary by Sections Legal Opinion and Authorization - The law firm confirms that the necessary approvals and authorizations for the lifting of restrictions, repurchase, and price adjustment have been obtained in accordance with relevant laws and regulations [3][24]. - The company has provided all necessary documents and information to the law firm for the issuance of this legal opinion [4][5]. Details of the Incentive Plan - The incentive plan allows for the granting of restricted stocks to certain personnel, with specific conditions for lifting restrictions after a designated period [2][14]. - The second lifting period for the first grant of restricted stocks is set to expire on May 23, 2025, allowing for a 33% release of restrictions [14]. Conditions for Lifting Restrictions - The company must not have any negative audit opinions or violations of laws and regulations in the past year to qualify for lifting restrictions [15]. - The company has confirmed compliance with governance and performance conditions necessary for the lifting of restrictions [16]. Repurchase and Cancellation of Restricted Stocks - The company plans to repurchase and cancel a total of 39,110 shares of restricted stock, with a repurchase price set at 2.84 yuan per share [23][24]. - The repurchase includes stocks from individuals who no longer qualify as incentive targets due to various reasons, including termination of employment [21][23]. Price Adjustment Details - The repurchase price of the restricted stocks will be adjusted based on previous cash dividends distributed to shareholders [26][27]. - The adjusted repurchase price is calculated to ensure it remains above 1 yuan per share [27]. Conclusion - The law firm concludes that all actions regarding the lifting of restrictions, repurchase, and price adjustment comply with the relevant regulations and the incentive plan [27].

Core Points - The supervisory board of Shanghai Foreign Service Holding Group Co., Ltd. has verified the conditions for the second unlock period of the company's A-share restricted stock incentive plan [1][2] - The company meets the qualifications for implementing the stock incentive plan and the conditions for unlocking the restricted shares have been fulfilled [1] - A total of 208 individuals are eligible for the unlocking of restricted shares, amounting to 6,390,461 shares [2] Summary by Sections - **Implementation of Incentive Plan**: The company has the necessary qualifications to implement the stock incentive plan as per relevant laws and regulations [1] - **Unlock Conditions**: The conditions for the second unlock period of the initial grant have been achieved, and no disqualifying events have occurred [1][2] - **Eligible Participants**: The number of eligible participants for unlocking is 208, with a total of 6,390,461 restricted shares available for release [2]

Core Viewpoint - The legal opinion letter from Haiwen & Partners confirms that Guotai Junan Securities Co., Ltd. has obtained the necessary approvals and authorizations for the repurchase and cancellation of certain A-share restricted stocks under its equity incentive plan, in compliance with relevant regulations [6][10]. Group 1: Approval and Authorization - The company has obtained necessary approvals for the repurchase and cancellation of restricted stocks as per the "Proposal on the Repurchase and Cancellation of Certain A-share Restricted Stocks" [6]. - The legal opinion is based on the due diligence conducted by the law firm, which included reviewing relevant documents and discussions with company personnel [3][4]. Group 2: Repurchase Details - The repurchase is due to various reasons, including termination of labor contracts and performance assessment results, leading to a total of 611,524 shares being repurchased from 10 individuals [6][7]. - The repurchase price will be adjusted based on the original grant price and any dividends distributed, with specific adjustments made for past cash dividends [9]. Group 3: Compliance with Regulations - The reasons for the repurchase, the number of shares, and the repurchase price are all in accordance with the company's equity incentive plan and do not violate the relevant management regulations [10].

Core Viewpoint - The company has adjusted the first phase of its A-share restricted stock incentive plan, reducing the number of incentive recipients and the total number of restricted shares to be granted due to some recipients no longer meeting the eligibility criteria [1][2][3] Group 1: Decision Process and Disclosure - The company held multiple board and supervisory meetings to review and approve the incentive plan and its adjustments, ensuring compliance with relevant regulations [1][2] - The company disclosed the approval of the incentive plan and the list of recipients, with no objections raised during the public notice period [2][3] Group 2: Adjustments and Results - A total of 25 incentive recipients were removed from the plan, leading to the cancellation of 6.13 million shares that were to be granted [2] - The number of recipients was adjusted from 177 to 152, while the total number of shares to be granted remains consistent with the approved plan [2][3] Group 3: Impact on the Company - The adjustments made to the incentive plan will not have a substantial impact on the company's financial status or operational results [3] Group 4: Supervisory Board Opinion - The supervisory board confirmed that the adjustments comply with the relevant laws and regulations, and do not harm the interests of shareholders [3][4] Group 5: Legal Opinion - The legal counsel concluded that all necessary approvals and procedures for the adjustments and grants have been fulfilled, and the plan adheres to applicable regulations [4]

Core Viewpoint - The report discusses the first phase of the A-share restricted stock incentive plan of Xinyu Steel Co., Ltd., detailing the approval process, adjustments to the plan, and compliance with relevant regulations [4][5][7]. Summary by Sections 1. Introduction - The report defines key terms related to the restricted stock incentive plan, including "restricted stock," "incentive objects," and "grant date" [1]. 2. Independent Financial Advisor's Declaration - The independent financial advisor confirms that the materials provided by Xinyu Steel are legal, accurate, and complete, and that they do not bear any risk responsibility arising from these materials [2][3]. 3. Basic Assumptions - The report is based on several assumptions, including the stability of current laws and regulations, the accuracy of the provided documents, and the absence of unforeseen adverse factors [3]. 4. Independent Financial Advisor's Opinions - The approval process for the incentive plan has been completed, and the adjustments made to the plan are in compliance with relevant regulations [4]. - The number of incentive objects has been adjusted from 177 to 152, and the total number of restricted stocks granted has been reduced from 44.5 million to 38.37 million [4][5]. - The conditions for granting restricted stocks have been met, with no significant issues reported regarding the company's performance or compliance [6]. 5. Grant Date - The first grant date for the restricted stocks is set for June 25, 2025, following the approval from the second temporary shareholders' meeting of 2025 [6][7]. 6. Conclusion - The independent financial advisor concludes that the adjustments and grant conditions of the incentive plan are in accordance with the relevant regulations and that necessary disclosures will be made in due course [7][8].

Summary of Key Points Core Viewpoint - The company has publicly announced the list of individuals who will be granted restricted stock under its first A-share incentive plan, confirming that all selected individuals meet the necessary qualifications and conditions as per relevant regulations and internal guidelines [1][2]. Disclosure Situation - The company conducted an internal public announcement from May 30, 2025, to June 8, 2025, regarding the names and positions of 158 individuals selected for the initial grant of restricted stock. No objections were raised during the public announcement period [1]. Verification Opinion - The supervisory board of the company has verified that the selected individuals meet the criteria set forth in the relevant laws, regulations, and the company's incentive plan. There are no disqualifications as per the applicable guidelines, and none of the selected individuals are independent directors, supervisors, or major shareholders [2].