300400SZSE

Legal Opinion from Guangdong Jingde Law Firm on Adjustment of Grant Price for 2022 Restricted Stock Incentive Plan and Related Matters

✨ AI Summary

This legal opinion addresses the adjustment of the grant price for the 2022 restricted stock incentive plan of Shenzhen Jintuo Automation Equipment Co., Ltd. It confirms that the necessary approvals for the adjustment and the invalidation of certain restricted stocks due to unmet performance conditions have been obtained. The adjusted grant price is set at 6.975 RMB per share.

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Full Translation

AI Translation· azure_openai

Legal Opinion from Guangdong Jingde Law Firm

Introduction

Guangdong Jingde Law Firm (hereinafter referred to as "this Firm") has been entrusted by Shenzhen Jintuo Automation Equipment Co., Ltd. (hereinafter referred to as "Jintuo" or "the Company") to act as the special legal advisor for the implementation of the 2022 Restricted Stock Incentive Plan (hereinafter referred to as "this Incentive Plan" or "the Plan"). This Firm's lawyers have issued this legal opinion regarding the adjustment of the grant price (hereinafter referred to as "this Grant Price Adjustment"), the failure to meet the vesting conditions for the third vesting period, and the invalidation of certain restricted stocks (hereinafter referred to as "this Non-Vesting and Invalidation").

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