Beijing Deheheng (Guangzhou) Law Firm's Legal Opinion on the First Extraordinary Shareholders' Meeting of Dongguan Development Holdings Co., Ltd.
June 2026
Beijing Deheheng (Guangzhou) Law Firm (hereinafter referred to as "this Firm") has been entrusted by Dongguan Development Holdings Co., Ltd. (hereinafter referred to as "the Company") to send lawyers to attend and witness the Company's first extraordinary shareholders' meeting in 2026. According to the Company Law of the People's Republic of China (hereinafter referred to as "Company Law"), the Securities Law of the People's Republic of China (hereinafter referred to as "Securities Law"), the Rules for Shareholders' Meetings of Listed Companies issued by the China Securities Regulatory Commission (hereinafter referred to as "Rules for Shareholders' Meetings"), and other relevant laws, regulations, normative legal documents, and the current effective Articles of Association of Dongguan Development Holdings Co., Ltd. (hereinafter referred to as "Articles of Association"), this Firm provides legal opinions on the convening and holding procedures of this extraordinary shareholders' meeting, the qualifications of attendees, the voting procedures, and the legality and validity of the voting results. The lawyers of this Firm express legal opinions based on facts that occurred or existed before the issuance date of this legal opinion and the current laws and regulations of China. This Firm agrees to publish this legal opinion as a statutory document for the Company's announcement of this extraordinary shareholders' meeting and assumes legal responsibility for the issued legal opinion. This legal opinion shall not be used for other purposes without the written consent of this Firm and its lawyers.
The lawyers of this Firm have expressed the following legal opinions on the relevant legal issues of the Company's extraordinary shareholders' meeting in accordance with the recognized business standards, ethical norms, and diligent spirit of the legal profession in China:
I. On the convening and holding procedures of this extraordinary shareholders' meeting
(1) Convening of the extraordinary shareholders' meeting
The extraordinary shareholders' meeting was convened by the Board of Directors. The proposal to hold the first extraordinary shareholders' meeting in 2026 was approved at the 55th meeting of the 8th Board of Directors held on May 18, 2026, agreeing to convene the meeting on June 4, 2026, at 15:00. The Company published the "Notice of the First Extraordinary Shareholders' Meeting in 2026" (hereinafter referred to as "Notice of Extraordinary Shareholders' Meeting") on May 20, 2026, on the Giant Tide Information Network (http://www.cninfo.com.cn), announcing the time, location, method of the meeting, attendees, agenda items, and registration methods. The record date for this extraordinary shareholders' meeting was May 29, 2026. The lawyers of this Firm believe that the convening procedures of this extraordinary shareholders' meeting comply with the provisions of the Company Law, Rules for Shareholders' Meetings, and other relevant laws and regulations, as well as the relevant provisions of the Company's current Articles of Association.