Legal Opinion
I. Approval and Authorization of the 2024 Employee Stock Ownership Plan
- On February 5, 2024, the sixth board of directors of the company held its seventeenth meeting and deliberated and passed the "Proposal on the Draft and Summary of Guangdong Haida Group Co., Ltd.'s 2024 Employee Stock Ownership Plan," the "Proposal on the Management Measures for Guangdong Haida Group Co., Ltd.'s 2024 Employee Stock Ownership Plan," the "Proposal on Authorizing the Board of Directors to Handle Matters Related to the 2024 Employee Stock Ownership Plan," and the "Proposal on Designating Mr. Yang Jiantao, a relative of the Chairman, as an Eligible Participant for the 2024 Stock Option Incentive Plan and the 2024 Employee Stock Ownership Plan." Related directors abstained from voting on these proposals.
On February 5, 2024, the sixth supervisory board of the company held its fourteenth meeting. When deliberating on the "Proposal on the Draft and Summary of Guangdong Haida Group Co., Ltd.'s 2024 Employee Stock Ownership Plan" and the "Proposal on the Management Measures for Guangdong Haida Group Co., Ltd.'s 2024 Employee Stock Ownership Plan," Mr. Shen Dong and Mr. Wang Hua, who are participants in the 2024 Employee Stock Ownership Plan, abstained from voting on the aforementioned proposals. Consequently, the supervisory board could not form a resolution on these proposals to directly submit them to the company's shareholders' meeting for deliberation. The "Proposal on Designating Mr. Yang Jiantao, a relative of the Chairman, as an Eligible Participant for the 2024 Stock Option Incentive Plan and the 2024 Employee Stock Ownership Plan" was deliberated and passed.