Legal Opinion on the Legality of the Procedures for Convening the Third Extraordinary General Meeting of Shareholders in 2012
To: Chuangzhi Information Technology Co., Ltd. (hereinafter referred to as "Chuangzhi Technology" or "the Company")
Guangdong Xinda Law Firm, entrusted by Chuangzhi Technology, provides the following legal opinion regarding the legality of the procedures for convening the third extraordinary general meeting of shareholders in 2012, based on the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Rules for General Meetings of Listed Companies (hereinafter referred to as "the General Meeting Rules"), and the current effective Articles of Association of Chuangzhi Technology.
I. Shareholders Holding More than 10% of Shares Have the Right to Request a Temporary General Meeting
Upon verification, the Company’s board of directors received a joint request on October 10, 2012, from shareholders holding a total of over 10% of the Company's shares, including China Xinda Asset Management Co., Ltd., Wealth Securities Co., Ltd., Hunan Huachuang Industrial Co., Ltd., and Hunan Chuangzhi Industrial Co., Ltd. (hereinafter referred to as "the Relevant Shareholders"). They submitted a letter requesting the board of directors to convene a temporary general meeting to review the following proposals: