301160SZSE

Opinion of the Board of Directors' Compensation and Assessment Committee on the Company's 2026 Restricted Stock Incentive Plan

✨ AI Summary

The Compensation and Assessment Committee of Suzhou Xianglou New Materials Co., Ltd. reviewed the 2026 Restricted Stock Incentive Plan and found no legal prohibitions against its implementation. The plan aims to align the interests of shareholders, the company, and the core team, promoting sustainable development. The committee supports the plan, which requires shareholder approval for implementation.

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Full Translation

AI Translation· azure_openai

Opinion on the Company's 2026 Restricted Stock Incentive Plan and Its Summary

  1. The company does not have any circumstances that prohibit the implementation of the equity incentive plan as stipulated in the relevant laws and regulations, and is qualified to implement the equity incentive plan:

    • (1) The financial accounting report for the most recent fiscal year has not been issued with a negative opinion or unable to express an opinion by a registered accountant;
    • (2) The internal control of the financial report for the most recent fiscal year has not been issued with a negative opinion or unable to express an opinion by a registered accountant;
    • (3) There have been no instances of profit distribution not complying with laws, regulations, company articles, or public commitments within the last 36 months after listing;
    • (4) There are no legal prohibitions against implementing equity incentives;
    • (5) Other circumstances identified by the China Securities Regulatory Commission.
  2. The formulation, review process, and content of the company's incentive plan comply with the provisions of the Company Law, Securities Law, Management Measures, and other relevant laws and regulations. The granting arrangements and vesting arrangements for each incentive object comply with relevant laws, regulations, and normative documents, and do not harm the interests of the company and all shareholders. The relevant proposals of this incentive plan must be submitted to the shareholders' meeting for approval before implementation.

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