JIA YUAN LAW OFFICES
Supplementary Legal Opinion (II) (Revised Draft) on Hunan Hualing Cable Co., Ltd.'s Issuance of Convertible Corporate Bonds for Asset Acquisition and Fundraising for Supporting Funds and Related Transactions
158 Fuxingmennei Street, 4th Floor, Xunyang Building, Xicheng District
Beijing, China
April 2026
Huadong Cable · Issuance of Convertible Corporate Bonds for Asset Acquisition and Fundraising for Supporting Funds and Related Transactions Jia Yuan · Legal Opinion
Table of Contents
Issue 2: Compliance of Target Assets ... 5
Issue 3: Issuance Plan and Fundraising ... 33
Issue 4: Performance Commitment and Performance Reward ... 55
Huadong Cable · Issuance of Convertible Corporate Bonds for Asset Acquisition and Fundraising for Supporting Funds and Related Transactions
Jia Yuan · Legal Opinion
JIA YUAN LAW OFFICES
Beijing · Shanghai · Shenzhen · Hong Kong · Guangzhou · Xi'an · Wuhan · Changsha
To: Hunan Hualing Cable Co., Ltd.
Jia Yuan (2026) - 02 - 037
Dear Sir/Madam,
Entrusted by Huadong Cable, our firm serves as the specially appointed legal advisor for this restructuring and is authorized to issue a legal opinion for Huadong Cable's restructuring. Our firm has previously issued Jia Yuan (2025) - 02 - 145 "Legal Opinion on Hunan Hualing Cable Co., Ltd.'s Issuance of Convertible Corporate Bonds for Asset Acquisition and Fundraising for Supporting Funds and Related Transactions" and Jia Yuan (2026) - 02 - 009 "Supplementary Legal Opinion (I) on Hunan Hualing Cable Co., Ltd.'s Issuance of Convertible Corporate Bonds for Asset Acquisition and Fundraising for Supporting Funds and Related Transactions" on December 16, 2025, and January 12, 2026, respectively (hereinafter collectively referred to as the "Original Legal Opinions").
On February 4, 2023, Huadong Cable received the "Inquiry Letter on the Review of Hunan Hualing Cable Co., Ltd.'s Application for Issuance of Convertible Corporate Bonds for Asset Acquisition and Fundraising" issued by the Listing Review Center of the Shenzhen Stock Exchange. Our firm conducted supplementary verification on related matters and issued Supplementary Legal Opinion (II) (hereinafter referred to as "this Supplementary Legal Opinion").
This Supplementary Legal Opinion constitutes an inseparable part of the Original Legal Opinions, and the contents of the Original Legal Opinions that are not modified by this Supplementary Legal Opinion remain valid. The terms, names, and abbreviations used in this Supplementary Legal Opinion have the same meanings as in the Original Legal Opinions unless otherwise specified. The statements made by the lawyers handling this case in the Original Legal Opinions apply to this Supplementary Legal Opinion.
Based on the above content, our firm hereby issues the following supplementary legal opinions: