This legal opinion outlines the approval and authorization for Shenzhen Demingli Technology Co., Ltd. to repurchase and cancel a total of 2,788 restricted stocks from its 2023 and 2024 incentive plans due to the departure of two employees. The repurchase price for the 2023 stocks is set at 12.86 yuan per share, totaling approximately 19,650.08 yuan, while the 2024 stocks are priced at 31.55 yuan per share, totaling about 39,753.00 yuan. The company must still seek shareholder approval and fulfill disclosure obligations.
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This legal opinion is issued by Guangdong Xinda Law Firm regarding the repurchase and cancellation of certain restricted stocks under the 2023 and 2024 incentive plans of Shenzhen Demingli Technology Co., Ltd. (hereinafter referred to as "the Company").
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