This legal opinion addresses adjustments to the grant price and quantity of restricted stocks for Ningbo Zhenyu Technology Co., Ltd.'s 2022 incentive plan. It confirms the validity of the adjustments and the conditions for the fourth and third vesting periods. The adjustments include the cancellation of certain restricted stocks and the approval of new grant conditions.
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To: Ningbo Zhenyu Technology Co., Ltd.
This legal opinion is provided in relation to the adjustments to the grant price and quantity of restricted stocks under the 2022 Restricted Stock Incentive Plan, including the cancellation of certain restricted stocks and the approval of the conditions for the fourth vesting period and the third vesting period for reserved stocks.
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