Supplementary Legal Opinion (IV)
Introduction
Grandall Law Firm (Wuhan) has been entrusted by Wuhan Lide Electric Power Technology Co., Ltd. to act as the issuer's special legal advisor for this issuance and listing. The firm has issued the "Legal Opinion on the Initial Public Offering and Listing of Wuhan Lide Electric Power Technology Co., Ltd." (2021 鄂国浩法意 GHWH101号) and the "Lawyer's Work Report on the Initial Public Offering and Listing of Wuhan Lide Electric Power Technology Co., Ltd." (2021 鄂国浩法意 GHWH102号). In accordance with the requirements of the China Securities Regulatory Commission (CSRC) dated January 7, 2022, regarding the preparation for the issuer's review committee meeting, the firm provides this supplementary legal opinion based on verification of relevant issues and circumstances during the specified period. This supplementary legal opinion serves as a complement to the previous legal opinion and work report. Any content not covered in this supplementary legal opinion shall be governed by the previous legal opinion, work report, and other documents issued by the firm.
The firm has issued this supplementary legal opinion in accordance with the Securities Law, Company Law, and the Measures for the Administration of Initial Public Offerings, as well as relevant regulations of the CSRC, following the requirements of the CSRC's Compilation Rules No. 12, Practice Guidelines, and Professional Standards, and in accordance with recognized business standards, ethical norms, and the spirit of diligence and responsibility in the legal profession.
Section 1: Introduction
The lawyers of the firm express legal opinions based on facts that have occurred or existed prior to the issuance date of this supplementary legal opinion and in accordance with current laws, regulations, and relevant provisions of the CSRC and Shenzhen Stock Exchange, and declare as follows:
- The firm and its lawyers have strictly fulfilled their statutory duties in accordance with the Securities Law, Practice Guidelines, and Professional Standards, and have conducted thorough verification to ensure that the facts recognized in the legal opinion are true, accurate, and complete, and that the conclusions drawn are legal and accurate, with no false records, misleading statements, or significant omissions, and bear corresponding legal responsibilities.
- The issuer guarantees that it has provided the firm’s lawyers with all necessary original written materials, copies, or oral testimonies that are true, complete, and valid for the issuance of this supplementary legal opinion.
- For facts that are crucial to this supplementary legal opinion but cannot be independently supported by evidence, the firm’s lawyers rely on certification documents issued by relevant government departments, the issuer, or other relevant entities, or interview transcripts.
- The firm’s lawyers agree that the issuer may quote part or all of this supplementary legal opinion in its prospectus for this issuance and listing, but the issuer shall not cause any legal ambiguity or misinterpretation due to such quotations.
- The firm’s lawyers agree to submit this supplementary legal opinion as a necessary legal document for the issuer's issuance and listing, along with other application materials, and are willing to bear corresponding legal responsibilities.
- The firm’s lawyers have not authorized any entity or individual to interpret or explain this supplementary legal opinion.
- This supplementary legal opinion is for the issuer's application for this issuance only and shall not be used for any other purpose.
Section 2: Response to the Inquiry on the Preparation for the Issuance Review Committee Meeting
Question 1: About the Main Business Model. According to the application materials, the issuer initially focused on distributing general products for the electric power industry, and now provides specialized vehicles, equipment, tools, professional services, and system solutions for non-power outage operations. During the reporting period from 2018 to 2020, the issuer's main business revenue by product model classification was as follows: