Legal Opinion
To: Guangzhou Tianci High-tech Materials Co., Ltd.
This legal opinion is provided by Shanghai Landing Law Firm regarding the adjustment of stock option exercise prices and the conditions for the first grant under the 2024 stock option incentive plan for Guangzhou Tianci High-tech Materials Co., Ltd.
This opinion is based on the relevant laws and regulations, including the Company Law of the People's Republic of China and the Securities Law. The adjustments are in accordance with the company's internal governance and the resolutions passed by the board of directors.
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On December 11, 2024, the board of directors of Guangzhou Tianci High-tech Materials Co., Ltd. approved the adjustment of stock option exercise prices and the conditions for the first grant under the 2024 stock option incentive plan.
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The exercise price for the stock options is adjusted to 16.59 yuan per share, effective from December 29, 2026.
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The adjustments comply with the relevant provisions of the company's articles of association and the applicable laws.
Table of Stock Option Conditions
| Condition | Description |
|---|---|
| Exercise Price | 16.59 yuan per share |
| Effective Date | December 29, 2026 |
This legal opinion confirms that the adjustments are legally valid and comply with the relevant regulations.
Conclusion
In conclusion, this legal opinion affirms that the adjustments to the stock option exercise prices and the conditions for the first grant are in compliance with applicable laws and regulations.