Review Opinions of the Compensation and Assessment Committee
The Compensation and Assessment Committee of OFILM Group Co., Ltd. (hereinafter referred to as "the Company") conducted a thorough review of the 2023 First Phase Stock Option Incentive Plan and the 2024 First Phase Restricted Stock and Stock Option Incentive Plan 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, and relevant provisions of the Articles of Association of OFILM Group Co., Ltd. The opinions are as follows:
1. Review Opinions on the Cancellation of Certain Stock Options
Upon review, the Company intends to cancel a total of 18.27 million stock options from the 2023 First Phase Stock Option Incentive Plan due to the failure to meet the performance assessment requirements at the company level for 2025. This cancellation affects 98 incentive recipients whose third exercise period stock options have been granted but not yet exercised.