Definitions
In this report, unless the context otherwise requires, the following terms have the following meanings:
| Term | Definition |
|---|---|
| Kaizhong Precision, Listed Company, Company | Shenzhen Kaizhong Precision Technology Co., Ltd. (Stock Abbreviation: Kaizhong Precision; Stock Code: 002823) |
| Equity Incentive Plan, Stock Option Incentive Plan, This Incentive Plan | Shenzhen Kaizhong Precision Technology Co., Ltd. 2025 Stock Option Incentive Plan |
| "Equity Incentive Plan (Draft)", This Incentive Plan Draft | "Shenzhen Kaizhong Precision Technology Co., Ltd. 2025 Stock Option Incentive Plan (Draft)" |
| Independent Financial Advisor Report, This Report | "Independent Financial Advisor Report of Beijing Bestar Securities Investment Consulting Co., Ltd. on the Termination of the 2025 Stock Option Incentive Plan and Cancellation of Stock Options of Shenzhen Kaizhong Precision Technology Co., Ltd." |
| Stock Option | The right granted by the Company to the incentive objects to purchase a certain number of Company shares at pre-determined conditions within a certain period in the future |
| Incentive Objects | Personnel participating in this incentive plan, including senior management and other management personnel of the Company (including subsidiaries) |
| Grant Date | The date on which the Company grants stock options to the incentive objects, which must be a trading day |
| Exercise Price | The price at which the incentive objects purchase Company shares as determined by this incentive plan |
| Waiting Period | The period during which the conditions for the incentive objects to exercise the stock options set by this incentive plan have not yet been met, calculated from the date of registration of the granted stock options |
| Exercise Period | The period during which the incentive objects can exercise the stock options held after the exercise conditions set by this incentive plan are met |
| Exercise Conditions | The conditions that must be met for the incentive objects to exercise stock options in accordance with the provisions of this incentive plan |
| "Company Law" | "Company Law of the People's Republic of China" |
| "Securities Law" | "Securities Law of the People's Republic of China" |
| "Administrative Measures" | "Administrative Measures on Equity Incentives of Listed Companies" |
| "Articles of Association" | "Articles of Association of Shenzhen Kaizhong Precision Technology Co., Ltd." |
| CSRC | China Securities Regulatory Commission |
| Stock Exchange | Shenzhen Stock Exchange |
| This Independent Financial Advisor, Bestar Securities | Beijing Bestar Securities Investment Consulting Co., Ltd. |
| Yuan, Ten Thousand Yuan | RMB Yuan, RMB Ten Thousand Yuan |
Statement
Bestar Securities has accepted the engagement to act as the independent financial advisor for the Kaizhong Precision 2025 Stock Option Incentive Plan and has issued this report. Regarding the issuance of this report, this independent financial advisor makes the following statement:
- The documents, materials, and other relevant information relied upon in this report were provided by the Company. The Company has guaranteed to this independent financial advisor that the relevant materials and information provided for this report are true, accurate, and complete, contain no false records, misleading statements, or major omissions, and assumes responsibility for their authenticity, accuracy, and completeness.