Legal Opinion Letter from Kangda Law Firm on the Initial Public Offering and Listing of Shimen Supply Chain Management Co., Ltd. on the Main Board of the Shenzhen Stock Exchange
Kangda Legal Opinion Letter [2023] No. 0098
February 2023
To: Shimen Supply Chain Management Co., Ltd.
Our firm accepts the issuer's entrustment as a special legal advisor for the issuer's application for the initial public offering of stocks and listing on the main board of the Shenzhen Stock Exchange. Based on the verification of relevant materials, our lawyers have issued this legal opinion in accordance with the Securities Law, Company Law, Registration Measures, Listing Rules, and other relevant laws and regulations.
Our legal opinions are based solely on facts that have occurred or existed prior to the date of this legal opinion. The determination of the legality and compliance of the verified matters is based on current effective laws, regulations, normative documents, and approvals from government authorities, as well as documents obtained directly from public institutions.
Our firm has strictly fulfilled its statutory duties, adhered to the principles of diligence and good faith, and ensured that the facts recognized in this legal opinion are true, accurate, and complete, and that the conclusions drawn are legal and accurate. This legal opinion does not contain any false records, misleading statements, or significant omissions. Our firm bears corresponding legal responsibilities for the legal opinions issued.
The issuer and relevant parties have assured our firm that all written materials or oral testimonies provided are true, accurate, and complete, and that there are no false or misleading statements or significant omissions in any documents provided.
This legal opinion is only for the issuer's use in this offering and listing and may not be used for other purposes. Our firm agrees to submit this legal opinion along with other application documents.
1. Approval and Authorization for the Issuer's Offering and Listing
- The issuer's shareholders' meeting has completed the necessary review procedures to approve the issuer's offering and listing, and the content of the resolution is legal and valid.
- The authorization scope and voting procedures for the board of directors to handle matters related to this offering and listing do not violate laws, regulations, or the Articles of Association, and the relevant authorization scope and procedures are legal and valid.
- The issuer's offering and listing are still pending approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission for the registration process.
2. Qualification of the Issuer for the Offering and Listing
- The issuer is a legally established and validly existing joint-stock company.
- The issuer's predecessor, Shimen Limited, was established on November 25, 2010, and later transformed into a joint-stock company based on its original net asset value.
- According to the Articles of Association, the issuer is a joint-stock company with permanent existence; as of the date of this legal opinion, the issuer has not encountered any circumstances that would require termination under laws, regulations, or the Articles of Association.
- The issuer has been in continuous operation for more than three years. The issuer was transformed from a limited liability company into a joint-stock company based on its original net asset value, and has been continuously operating since its establishment on November 25, 2010.
- The issuer has established a sound and well-functioning organizational structure, and relevant institutions and personnel can perform their duties in accordance with the law.