Legal Opinion
1. Approval and Authorization for the Issuer's IPO and Listing
(1) Internal Approval and Authorization
On March 10, 2022, the issuer held the 16th meeting of the second board of directors, which approved several proposals related to the application for the initial public offering of ordinary shares and listing on the Shenzhen Stock Exchange. These included the use of raised funds and feasibility studies for investment projects. The proposals were subsequently approved at the third extraordinary general meeting of shareholders on March 25, 2022.
Further meetings were held to adjust the plans and proposals related to the IPO, with approvals continuing through 2023 and into 2024. The issuer's board and shareholders have consistently followed the necessary procedures to authorize the IPO.