Compensation and Assessment Committee of the Board of Directors of Huilv Ecological Technology Group Co., Ltd. Regarding the Review Opinion on Repurchasing and Canceling Part of the 2023 Restricted Shares and Adjusting the Repurchase Price
The Compensation and Assessment Committee of the Board of Directors of Huilv Ecological Technology Group Co., Ltd. (hereinafter referred to as the "Company") has, in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as the "Measures"), and other relevant laws, regulations, normative documents, and the "Articles of Association", expressed the following opinions on the matter of the Company repurchasing and canceling part of the 2023 restricted shares and adjusting the repurchase price:
According to the relevant provisions of the Company's "2023 Restricted Share Incentive Plan (Draft)", if a grantee resigns, is laid off by the Company, or terminates the labor relationship, the restricted shares for which the vesting conditions have been met can be vested from the date of departure; the restricted shares for which the vesting conditions have not been met and/or have not yet been vested shall not be vested and shall be repurchased and canceled by the Company at the grant price. In view of the departure of 1 grantee who is no longer eligible for the incentive, the Company intends to repurchase and cancel a total of 11,250 restricted shares granted to the aforementioned grantee but not yet vested.