Shanghai Junlan Law Firm
Regarding Rongqi Technology (Suzhou) Co., Ltd.'s 2025 Restricted Stock Incentive Plan Adjustments to Grant Price, Quantity, and First Vesting Conditions
Legal Opinion
To: Rongqi Technology (Suzhou) Co., Ltd.
Shanghai Junlan Law Firm (hereinafter referred to as "this Firm") has accepted the commission from Rongqi Technology (Suzhou) Co., Ltd. (hereinafter referred to as "the Company") based on the entrustment, and according to the relevant regulations of the Shenzhen Stock Exchange, this Firm hereby issues the following legal opinion regarding the adjustments to the granting price and quantity of the restricted stock incentive plan for 2025 and the conditions for the first vesting period.
1. Approval and Authorization of This Adjustment
On May 8, 2025, the Company’s third board of directors’ meeting approved the 2025 restricted stock incentive plan and its related proposals.
2. Current Situation of the Adjustment and Vesting Conditions
According to the regulations of the "Incentive Plan," the first vesting period of the incentive plan is defined as the period from the first transaction date after the grant until 24 months later, with a trading halt. The number of shares subject to vesting is expected to be 40%. The vesting date is set as May 28, 2025.
3. Number of Shares, Quantity, and Price
According to the Company’s third board of directors’ meeting, the first vesting conditions of the incentive plan have been approved, with the number of shares being 36,000, and the grant price being 31.76 yuan per share.