Grandall Law Firm (Wuhan) Supplementary Legal Opinion (I)
Table of Contents
| Item | Description |
|---|---|
| 1 | Table of Contents |
| 2 | Definitions |
| 3 | Introduction |
| 4 | Main Text |
| 5 | Responses to Feedback |
| 6 | Supplementary Verification Section |
| 7 | Conclusion |
| 8 | Signature Page |
Definitions
Unless otherwise specified, the terms in this legal opinion have the following specific meanings:
- Lide Electric Technology: Refers to Wuhan Lide Electric Technology Co., Ltd.
- Lide Limited: Refers to Wuhan Lide Technology Co., Ltd., the predecessor of the issuer.
- Other terms are defined similarly.
Introduction
Grandall Law Firm (Wuhan) has been entrusted by Wuhan Lide Electric Technology Co., Ltd. to act as the special legal advisor for this issuance and listing. We have issued the legal opinion and lawyer's work report regarding the initial public offering and listing. This supplementary legal opinion is issued in response to the feedback from the China Securities Regulatory Commission dated August 4, 2021, and reflects changes in the issuer's situation since the issuance of the previous documents.
Main Text
Part One: Response to Feedback
Feedback Item 1: The prospectus discloses that in May 2015, Xu Yan transferred part of her investment held by Wang Songfeng, while the remaining investment was restored to Hengshengyuan, forming her indirect shareholding in Lide Limited. Gao Jing, Chen Jing, and Lan Shan also transferred their investments similarly. After this transfer, the indirect shareholders of Hengshengyuan are Wang Xue and Wang Hong. The issuer is requested to clarify the accuracy of Xu Yan's investment restoration disclosure and the reasons for discrepancies in Hengshengyuan's shareholder disclosures.
Response: The verification procedures conducted by our lawyers include:
- Reviewing Hengshengyuan's business registration documents.
- Interviewing parties involved in the holding relationship and obtaining interview records.
- Acquiring confirmation letters from the parties involved regarding their investments in Wuhan Lide Technology Co., Ltd.
- Obtaining notarized documents related to the investment restoration.
- Collecting and reviewing shareholder investigation forms and business registration documents of Mingruida and Kangfide.
Verification Results
- The issuer is requested to clarify the accuracy of Xu Yan's investment restoration disclosure and the reasons for discrepancies in Hengshengyuan's shareholder disclosures.
Part Two: Supplementary Verification Section
- Approval and Authorization for this Issuance and Listing
- Qualification of the Issuer for this Issuance and Listing
- Substantive Conditions for this Issuance and Listing
Conclusion
This supplementary legal opinion serves as an addition to the previous legal opinion and lawyer's work report. The contents not covered in this supplementary legal opinion shall be governed by the previous documents. Our lawyers have strictly fulfilled their legal responsibilities and conducted thorough verification to ensure the facts stated are true, accurate, and complete.