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Supplementary Legal Opinion on Xiangtan Yongda Machinery Manufacturing Co., Ltd.'s Share Issuance and Cash Payment for Asset Acquisition and Related Transactions (I)

Yongda Co., Ltd.··28 pages

✨ AI Summary

This supplementary legal opinion addresses Xiangtan Yongda Machinery's issuance of shares and cash payment for asset acquisition, alongside fundraising for related transactions. The total fundraising amount is capped at 48.706 million yuan, with 24.353 million yuan allocated for enhancing liquidity and debt repayment. The opinion confirms the necessity and reasonableness of the fundraising, ensuring compliance with regulatory guidelines.

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Full Translation

AI Translation· azure_openai

Supplementary Legal Opinion

To: Xiangtan Yongda Machinery Manufacturing Co., Ltd.

Hunan Qiyuan Law Firm (hereinafter referred to as "this firm") has been entrusted by Xiangtan Yongda Machinery Manufacturing Co., Ltd. (hereinafter referred to as "Yongda Co.") to act as the special legal advisor for Yongda Co.'s issuance of shares and cash payment for asset acquisition and fundraising for related transactions (hereinafter referred to as "this transaction"). This firm has issued the "Legal Opinion on Xiangtan Yongda Machinery Manufacturing Co., Ltd.'s Issuance of Shares and Cash Payment for Asset Acquisition and Fundraising for Related Transactions" (hereinafter referred to as "the Legal Opinion") in accordance with the relevant provisions of the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for Major Asset Restructuring of Listed Companies, the Regulatory Guidelines No. 9 for Listed Companies, and the Guidelines for the Content and Format of Information Disclosure by Companies Issuing Securities No. 26.

In light of the Shenzhen Stock Exchange's (hereinafter referred to as "SZSE") inquiry letter dated May 20, 2026, regarding Yongda Co.'s application for share issuance and cash payment for asset acquisition (Inquiry Letter [2026] No. 130010), this firm has conducted further verification on the matters related to the inquiry letter and issued this "Supplementary Legal Opinion on Xiangtan Yongda Machinery Manufacturing Co., Ltd.'s Issuance of Shares and Cash Payment for Asset Acquisition and Fundraising for Related Transactions (I)" (hereinafter referred to as "this Supplementary Legal Opinion").

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