001389SZSE

Legal Opinion on Conditions for Stock Options and Restricted Stock Awards

✨ AI Summary

This legal opinion confirms that the conditions for the first exercise period of stock options and the first vesting period of restricted stock awards under the 2024 incentive plan have been met. It also addresses the cancellation of certain stock options and repurchase and cancellation of restricted stock. The opinion validates the authorization and approval of these actions, ensuring compliance with relevant regulations and the incentive plan.

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Full Translation

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Legal Opinion

To: Guangzhou Guanghe Technology Co., Ltd.

From: Shanghai Allbright Law Offices (Shenzhen)

Date: [blank]

This Legal Opinion is issued by Shanghai Allbright Law Offices (Shenzhen) (hereinafter referred to as "the Firm") at the request of Guangzhou Guanghe Technology Co., Ltd. (hereinafter referred to as "the Company" or "Guanghe Technology") to provide legal services for the implementation of the Company's 2024 Stock Option and Restricted Stock Incentive Plan (hereinafter referred to as "the Plan").

The Firm's lawyers, in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as "Company Law"), the "Securities Law of the People's Republic of China" (hereinafter referred to as "Securities Law"), the "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as "Administrative Measures") issued by the China Securities Regulatory Commission (hereinafter referred to as "CSRC"), and other relevant laws, regulations, and normative documents, as well as the "Articles of Association of Guangzhou Guanghe Technology Co., Ltd." (hereinafter referred to as "Articles of Association") and the "Guangzhou Guanghe Technology Co., Ltd. 2024 Stock Option and Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as "Plan (Draft)"), and in adherence to the generally accepted business standards, ethical norms, and the principle of diligence and conscientiousness of the legal profession, have investigated and reviewed the matters concerning the fulfillment of the conditions for the first exercise period of the first grant of stock options (special grant portion) under the Plan, the fulfillment of the conditions for the first vesting period of the first grant of restricted stock (special grant portion), and the cancellation of certain stock options and repurchase and cancellation of certain restricted stock (hereinafter referred to as "this Exercise and Vesting" and "this Cancellation" respectively), and hereby issue this Legal Opinion.

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