Legal Opinion
Beijing Renzhi Law Firm on Inner Mongolia Tianshou Technology Development Co., Ltd.'s Board Not Submitting Shareholders' Proposals for Review
To: Inner Mongolia Tianshou Technology Development Co., Ltd.
Beijing Renzhi Law Firm (hereinafter referred to as "this firm") accepts the commission from Inner Mongolia Tianshou Technology Development Co., Ltd. (hereinafter referred to as "the Company") and issues this legal opinion in accordance with the provisions of the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Securities Law of the People's Republic of China (hereinafter referred to as "the Securities Law"), the Rules for Shareholders' Meetings of Listed Companies (hereinafter referred to as "the Rules for Shareholders' Meetings"), the Measures for the Administration of Acquisitions of Listed Companies (hereinafter referred to as "the Acquisition Measures"), and the Articles of Association of Inner Mongolia Tianshou Technology Development Co., Ltd. (revised in April 2022) (hereinafter referred to as "the Articles of Association").
To issue this legal opinion, this firm makes the following statements:
- This firm has reviewed relevant matters concerning the Company's commission, examined documents deemed necessary, and conducted necessary verification.
- This legal opinion is based on the Company's assurance that it has provided all necessary written materials or oral statements for the issuance of this legal opinion, and all facts and materials that could affect this legal opinion have been disclosed to this firm; the materials and statements provided by the Company are true, accurate, and complete, with no false records, misleading statements, or significant omissions, and all signatures and/or seals on the materials are genuine and valid.
- At the request of the Company, this legal opinion only analyzes the reasons and legality of the board's decision not to submit the temporary proposals from shareholders Zhou Renyu and Zhang Xianglin for consideration at the shareholders' meeting. No one may use this legal opinion for any other purpose without written consent from this firm.
Based on the above, the lawyers of this firm, according to their understanding of the relevant facts and legal interpretations, and in accordance with the recognized business standards, ethical norms, and diligence spirit of the legal profession, provide the following legal opinion:
1. Basic Situation of Shareholders Submitting Temporary Proposals
On April 29, 2022, the Company held the 11th meeting of the 9th Board of Directors, which approved the proposal to convene the 2021 Annual Shareholders' Meeting. The board convened the shareholders' meeting on June 10, 2022, and announced the notice regarding the 2021 Annual Shareholders' Meeting on April 30, 2021, notifying all shareholders of the relevant matters.