Legal Opinion from Beijing Deheng (Shenzhen) Law Firm on Hubei Ping An Electric Technology Co., Ltd.'s 2026 First Extraordinary Shareholders' Meeting
Beijing Deheng (Shenzhen) Law Firm (hereinafter referred to as "Deheng") was entrusted by Hubei Ping An Electric Technology Co., Ltd. (hereinafter referred to as "the Company") to provide legal opinions regarding the Company's first extraordinary shareholders' meeting (hereinafter referred to as "the Meeting") held on February 5, 2026 (Thursday). Lawyers Wang Yang and Sun Jingqu from Deheng (hereinafter referred to as "Deheng Lawyers") attended the Meeting.
In accordance with the Securities Law of the People's Republic of China (hereinafter referred to as "the Securities Law"), the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), and the Rules for Shareholders' Meetings of Listed Companies issued by the China Securities Regulatory Commission (hereinafter referred to as "the Shareholders' Meeting Rules"), as well as other relevant laws, regulations, and the Articles of Association of Hubei Ping An Electric Technology Co., Ltd. (hereinafter referred to as "the Articles of Association"), Deheng Lawyers witnessed the convening, procedures, qualifications of attendees, voting procedures, and voting results of the Meeting, and issued this legal opinion.
To issue this legal opinion, Deheng Lawyers attended the Meeting and reviewed the following documents provided by the Company, including but not limited to:
- The Articles of Association;
- The Resolution of the 10th Meeting of the 3rd Board of Directors;
- The Notice of the First Extraordinary Shareholders' Meeting published on January 21, 2026, in the Securities Times, on the Giant Tide Information Network (http://www.cninfo.com.cn), and on the Shenzhen Stock Exchange website (http://www.szse.cn);
- The registration records and supporting documents of shareholders attending the Meeting;
- The voting situation of shareholders at the Meeting;
- Other meeting documents.
Deheng Lawyers received the following assurances: the Company has provided all materials deemed necessary for issuing this legal opinion, and the original materials, copies, and oral testimonies provided meet the requirements of authenticity, accuracy, and completeness. The copies and other materials are consistent with the original materials.
In this legal opinion, Deheng Lawyers only express opinions on whether the convening and procedures of the Meeting comply with the relevant provisions of laws, regulations, the Articles of Association, and the Shareholders' Meeting Rules, the legality of the qualifications of attendees and conveners, and the legality of the voting procedures and results. They do not express opinions on the content of the proposals discussed at the Meeting or the authenticity and accuracy of the facts or data presented in these proposals.
Deheng and Deheng Lawyers have strictly fulfilled their statutory duties in accordance with the Securities Law, the Administrative Measures for Law Firms Engaging in Securities Legal Business, and the Provisional Rules for Law Firms' Securities Legal Business, and have conducted thorough verification to ensure that the facts recognized in this legal opinion are true, accurate, and complete, and that the conclusions drawn are legal and accurate, without any false records, misleading statements, or significant omissions, and are willing to bear corresponding legal responsibilities.
This legal opinion is solely for the purpose of witnessing the legality of the relevant matters of the Company's Meeting and shall not be used for any other purpose.