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To: Hunan Hualing Cable Co., Ltd.
Beijing Jiayuan Law Firm
Supplementary Legal Opinion (IV) on Hunan Hualing Cable Co., Ltd.’s Issuance of Convertible Bonds for Asset Acquisition and Supporting Funds and Related Party Transactions
Jiayuan (2026) -02-803
Dear Sirs,
As the special legal counsel for Hunan Hualing Cable Co., Ltd. (hereinafter "Hualing Cable") regarding this restructuring, we have been authorized to issue this legal opinion.
We previously issued the "Beijing Jiayuan Law Firm’s Legal Opinion on Hunan Hualing Cable Co., Ltd.’s Issuance of Convertible Bonds for Asset Acquisition and Supporting Funds and Related Party Transactions" (Jiayuan (2025) -02-145) on December 16, 2025; the "Supplementary Legal Opinion (I) on Hunan Hualing Cable Co., Ltd.’s Issuance of Convertible Bonds for Asset Acquisition and Supporting Funds and Related Party Transactions" (Jiayuan (2026) -02-009) on January 12, 2026; the "Supplementary Legal Opinion (II) (Revised Draft) on Hunan Hualing Cable Co., Ltd.’s Issuance of Convertible Bonds for Asset Acquisition and Supporting Funds and Related Party Transactions" (Jiayuan (2026) -02-037) on April 27, 2026; and the "Supplementary Legal Opinion (III) on Hunan Hualing Cable Co., Ltd.’s Issuance of Convertible Bonds for Asset Acquisition and Supporting Funds and Related Party Transactions" (Jiayuan (2026) -02-062) on June 29, 2026 (collectively referred to as the "Original Legal Opinions").
To ensure that the legal opinions issued by us accurately reflect changes and the latest information from the date of the Original Legal Opinions to the date of this Supplementary Legal Opinion, we have conducted a supplementary verification of the relevant legal matters involved in this transaction and hereby issue this Supplementary Legal Opinion.
This Supplementary Legal Opinion is issued in accordance with the Company Law, the Securities Law, the Administrative Measures for the Restructuring, the Listing Rules, the Review Points, the No. 26 Format Guidelines, the Administrative Measures for Registration, and other Chinese laws, regulations, and CSRC requirements, following the professional standards and the spirit of diligence and responsibility of the legal profession.
This Supplementary Legal Opinion is intended solely for the purpose of this transaction and may not be used for any other purpose. We consent to this Supplementary Legal Opinion being used as a necessary legal document for this transaction and submitted along with other application materials to the stock exchange and the CSRC for review, and we assume corresponding legal liability for the legal opinions issued herein.
We consent to the company citing relevant content from this Supplementary Legal Opinion in relevant documents prepared for this transaction, provided that such citations do not lead to legal ambiguity or misinterpretation. We have reviewed the relevant content of such documents.
The statements and declarations made in the Original Legal Opinions also apply to this Supplementary Legal Opinion. Unless otherwise specified, terms used in this Supplementary Legal Opinion have the same meanings as those in the Original Legal Opinions.
Based on the above, we hereby issue this Supplementary Legal Opinion as follows:
I. The Restructuring Plan
(1) Specific Plan for Issuance of Convertible Bonds for Asset Acquisition
According to the "Proposal on the Company Signing the Supplementary Agreement to the Agreement on Issuance of Convertible Bonds for Asset Acquisition with Related Parties" and the "Proposal on the Summary of the Supplementary Agreement to the Agreement on Issuance of Convertible Bonds for Asset Acquisition with Related Parties (Draft) (Revised)" approved by the 12th meeting of the 6th Board of Directors, the company and the counterparties have signed the "Supplementary Agreement to the Agreement on Issuance of Convertible Bonds for Asset Acquisition" (hereinafter "Supplementary Agreement"). The parties have adjusted the lock-up period arrangements for the convertible bonds acquired by the counterparties in this asset acquisition. The adjusted content is as follows: