Guangzhou Yichang Technology Co., Ltd.
Audit Opinion of the Compensation and Assessment Committee on the Repurchase and Cancellation of Part of the Restricted Shares Granted under the 2023 Restricted Stock Incentive Plan
The Compensation and Assessment Committee of Guangzhou Yichang Technology Co., Ltd. (hereinafter referred to as the "Company") has, in accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as the "Administrative Measures"), and other relevant laws, regulations, and normative documents, as well as the "2023 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan (Draft)") of the Company, reviewed the matter of repurchasing and cancelling part of the restricted shares that have been granted but not yet vested under the Company's 2023 Restricted Stock Incentive Plan for the initial and reserved grants, and hereby expresses its audit opinion as follows:
Due to the resignation of 10 incentive plan participants from the initial and reserved grants under the Company's 2023 Restricted Stock Incentive Plan, they are no longer eligible. The Company proposes to repurchase and cancel a total of 349,000 restricted shares that have been granted but not yet vested for these incentive plan participants, at a repurchase price of RMB 3.16 per share. The aforementioned repurchase and cancellation matter complies with the "Administrative Measures," the "Incentive Plan (Draft)," and the Company's Articles of Association. The personnel of the incentive plan participants for the restricted shares to be repurchased and cancelled in this instance are accurate, the number of restricted shares to be repurchased and cancelled is correct, and the price is accurate. The procedures for repurchasing and cancelling part of the restricted shares in this instance are legal and compliant, will not have a significant impact on the Company's financial status and operating results, and do not harm the interests of the Company and all shareholders. It is agreed that the Company will repurchase and cancel this portion of restricted shares.