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Han Kun (Shenzhen) Law Offices Regarding Luxshare Precision Industry Co., Ltd. Legal Opinion on the Adjustment of Exercise Quantity, Cancellation of Stock Options, and Achievement of Exercise Conditions for the First Exercise Period of the 2025 Stock Option Incentive Plan Han Kun (Securities) No. 33893-11-O-6
To: Luxshare Precision Industry Co., Ltd.
Han Kun (Shenzhen) Law Offices (hereinafter referred to as "this Firm") was engaged by Luxshare Precision Industry Co., Ltd. (hereinafter referred to as the "Company" or "Luxshare Precision") to serve as the special legal counsel for the Luxshare Precision 2025 Stock Option Incentive Plan (hereinafter referred to as the "Incentive Plan"). This legal opinion is issued 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 issued by the China Securities Regulatory Commission, and other relevant laws, regulations, and the Articles of Association of Luxshare Precision Industry Co., Ltd., regarding the adjustment of exercise quantity, cancellation of stock options, and the achievement of exercise conditions for the first exercise period of the initial grant.
I. Approval and Authorization of the Incentive Plan
- On April 27, 2025, the Remuneration and Appraisal Committee of the Board of Directors of Luxshare Precision reviewed and approved the "Proposal on the 2025 Stock Option Incentive Plan (Draft) and its Summary," the "Proposal on Formulating the Implementation Appraisal and Management Measures for the 2025 Stock Option Incentive Plan," and the "Proposal on Verifying the List of Incentive Recipients for the Initial Grant under the 2025 Stock Option Incentive Plan."
On April 27, 2025, the 12th meeting of the 6th Board of Directors of Luxshare Precision was held, where the "Proposal on the 2025 Stock Option Incentive Plan (Draft) and its Summary," the "Proposal on Formulating the Implementation Appraisal and Management Measures for the 2025 Stock Option Incentive Plan," and the "Proposal on Requesting the General Meeting of Shareholders to Authorize the Board of Directors to Handle Matters Related to the 2025 Stock Option Incentive Plan" were approved. Interested directors Hao Jie and Qian Jiwen abstained from voting.
On April 27, 2025, the 11th meeting of the 6th Board of Supervisors of Luxshare Precision was held, where the "Proposal on the 2025 Stock Option Incentive Plan (Draft) and its Summary," the "Proposal on Formulating the Implementation Appraisal and Management Measures for the 2025 Stock Option Incentive Plan," and the "Proposal on Verifying the List of Incentive Recipients for the Initial Grant under the 2025 Stock Option Incentive Plan" were approved.
On May 8, 2025, the Board of Supervisors of Luxshare Precision announced the "Audit Opinion and Publicity Status Explanation on the List of Incentive Recipients for the Initial Grant under the 2025 Stock Option Incentive Plan," stating that the names and positions of the proposed recipients were publicized internally via the OA system from April 28, 2025, to May 7, 2025. No objections were received.
On May 13, 2025, the 2025 Second Extraordinary General Meeting of Shareholders of Luxshare Precision was held, approving the "Proposal on the 2025 Stock Option Incentive Plan (Draft) and its Summary," the "Proposal on Formulating the Implementation Appraisal and Management Measures for the 2025 Stock Option Incentive Plan," and the "Proposal on Requesting the General Meeting of Shareholders to Authorize the Board of Directors to Handle Matters Related to the 2025 Stock Option Incentive Plan."