Legal Opinion of Guangdong Sundial Law Firm on the Adjustment of the Buyback Price of the 2023 Restricted Stock Incentive Plan of Shenzhen Demingli Technology Co., Ltd.
To: Shenzhen Demingli Technology Co., Ltd.
Guangdong Sundial Law Firm (hereinafter referred to as "Sundial") has been engaged by Shenzhen Demingli Technology Co., Ltd. (hereinafter referred to as the "Company") as its special legal counsel for the 2023 Restricted Stock Incentive Plan (hereinafter referred to as the "Incentive Plan") pursuant to the "Special Legal Counsel Engagement Agreement" signed between Sundial and the Company.
Based on the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Securities Law of the People's Republic of China," the "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as the "Measures"), the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 1 – Business Handling," and other relevant laws, regulations, and normative documents, as well as the "Articles of Association of Shenzhen Demingli Technology Co., Ltd." (hereinafter referred to as the "Articles of Association") and the "2023 Restricted Stock Incentive Plan (Draft) of Shenzhen Demingli Technology Co., Ltd." (hereinafter referred to as the "2023 Incentive Plan (Draft)"), and in accordance with the business standards, ethical norms, and diligent and conscientious spirit universally recognized in the legal profession, Sundial hereby issues the "Legal Opinion of Guangdong Sundial Law Firm on the Adjustment of the Buyback Price of the 2023 Restricted Stock Incentive Plan of Shenzhen Demingli Technology Co., Ltd." (hereinafter referred to as this "Legal Opinion") regarding the Company's adjustment to the buyback price of the 2023 Restricted Stock Incentive Plan (hereinafter referred to as this "Adjustment").