001235SZSE

Legal Opinion on the Initial Public Offering and Listing of Wuhan Lide Electric Power Technology Co., Ltd.

Lide Electric Technology Co., Ltd.·

✨ AI Summary

This legal opinion confirms the approval and authorization for Wuhan Lide Electric Power Technology Co., Ltd.'s initial public offering (IPO) and listing. Key decisions include the approval of various proposals by the board and shareholders, and the company’s compliance with relevant laws and regulations. The material outcome is the validation of the company's qualifications for the IPO and listing process, pending regulatory approvals from the China Securities Regulatory Commission and the Shenzhen Stock Exchange.

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Full Translation

AI Translation· azure_openai

Legal Opinion on the Initial Public Offering and Listing of Wuhan Lide Electric Power Technology Co., Ltd.

Wuhan Grandall Law Firm
Zhiyin Plaza, No. 31 Zhongbei Road, Wuchang District, Wuhan 430070, China
Tel: +86 027 8730 1319
Fax: +86 027 8726 5677
Website: http://www.grandall.com.cn
June 2021

Table of Contents

  1. Definitions
  2. Introduction
  3. Main Text
    1. Approval and Authorization of the Issuance and Listing
    2. Qualification of the Issuer for the Issuance and Listing
    3. Substantive Conditions for the Issuance and Listing
    4. Establishment of the Issuer
    5. Independence of the Issuer
    6. Founders and Shareholders
    7. Issuer's Capital and Evolution
    8. Issuer's Business
    9. Related Transactions and Industry Competition
    10. Major Assets of the Issuer
    11. Major Debts of the Issuer
    12. Significant Asset Changes and Mergers
    13. Formulation and Amendment of the Issuer's Articles of Association
    14. Rules of Procedure for the Issuer's Shareholders' Meeting, Board of Directors, and Supervisory Board
    15. Changes in the Issuer's Directors, Supervisors, and Senior Management
    16. Taxation and Financial Subsidies of the Issuer
    17. Environmental Protection, Product Quality, Technology Standards, and Labor Management of the Issuer
    18. Use of Raised Funds by the Issuer
    19. Business Development Goals of the Issuer
    20. Litigation, Arbitration, or Administrative Penalties
    21. Evaluation of Legal Risks in the Issuer's Prospectus
    22. Conclusion
  4. Signature Page

Definitions

Unless otherwise specified or interpreted based on context, the relevant terms in this legal opinion have the following specific meanings:

  • Lide Electric Power Technology Co., Ltd. (the "Issuer") refers to Wuhan Lide Electric Power Technology Co., Ltd.
  • Lide Limited refers to Wuhan Lide Technology Co., Ltd., the predecessor of the Issuer.
  • Other definitions follow similarly.

Introduction

This legal opinion is issued based on facts that have occurred or existed prior to the date of this legal opinion and in accordance with current laws, regulations, and relevant provisions of the China Securities Regulatory Commission and the Shenzhen Stock Exchange. The following statements are made:

  1. The law firm and its lawyers have strictly fulfilled their statutory duties, adhered to the principles of diligence and good faith, conducted thorough verification, and ensured that the facts recognized in this legal opinion are true, accurate, and complete. The conclusions drawn are legal and accurate, with no false records, misleading statements, or significant omissions, and the firm assumes corresponding legal responsibilities.
  2. The Issuer guarantees that it has provided the law firm with all necessary original written materials, copies, or oral testimonies required for issuing this legal opinion and the lawyer's work report. All documents and materials provided by the Issuer are true, accurate, complete, and valid.
  3. For facts crucial to issuing this legal opinion that cannot be independently supported by evidence, the law firm has relied on interviews with relevant parties, inquiries into public information, and independent investigations with relevant departments.
  4. This legal opinion is based solely on the effective laws, regulations, and normative documents of the People's Republic of China (excluding Hong Kong, Macau, and Taiwan for the purposes of this legal opinion).
  5. The law firm only expresses opinions on the legality of the Issuer's issuance and related legal issues, and does not provide opinions on accounting, auditing, asset evaluation, or other professional matters involved in the Issuer's issuance.
  6. The law firm agrees to submit this legal opinion as a necessary legal document for the Issuer's issuance and listing, along with other application materials, and is willing to assume corresponding legal responsibilities.
  7. The law firm agrees that the Issuer may quote part or all of this legal opinion in the prospectus, but such quotations must not lead to legal ambiguities or misinterpretations of the law firm's opinions.
  8. The law firm has not authorized any entity or individual to interpret or explain the lawyer's work report and this legal opinion.
  9. This legal opinion is for the Issuer's application for this issuance only and may not be used for any other purpose.

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