Legal Opinion
Beijing Kangda (Guangzhou) Law Firm regarding Guangdong Shaoneng Group Co., Ltd. 2025 Restricted Stock Incentive Plan's First Release of Restricted Stock Conditions and Repurchase of Certain Restricted Stocks.
I. Introduction
Beijing Kangda (Guangzhou) Law Firm (hereinafter referred to as "this firm") has been entrusted by Guangdong Shaoneng Group Co., Ltd. (hereinafter referred to as "the company" or "Shaoneng Co.") to act as the special legal advisor for the company's 2025 Restricted Stock Incentive Plan (hereinafter referred to as "this incentive plan" or "this plan"). In accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, and the Management Measures for Equity Incentives of Listed Companies (2025 Revision), this legal opinion is issued regarding the fulfillment of conditions for the first release of restricted stocks and the repurchase of certain restricted stocks.
II. Approval and Authorization for Release and Repurchase
- Approval and Authorization
- On July 23, 2025, the company held its third extraordinary general meeting of shareholders, which approved several proposals related to the incentive plan.
- On August 5, 2025, the company's board of directors approved adjustments to the list of incentive recipients and the granting of restricted stocks.
- On June 2, 2026, the board approved the fulfillment of conditions for the first release of restricted stocks and the repurchase of certain restricted stocks.