Legal Opinion on the Third Extraordinary General Meeting of Shareholders of Kairde Holdings Co., Ltd. in 2019

Shanghai Haihua Yongtai (Beijing) Law Firm's Legal Opinion on the Third Extraordinary General Meeting of Shareholders of Kairde Holdings Co., Ltd.
Shanghai Haihua Yongtai (Beijing) Law Firm
December 31, 2019

To: Kairde Holdings Co., Ltd.
Shanghai Haihua Yongtai (Beijing) Law Firm (hereinafter referred to as "this Firm") has accepted the entrustment of Kairde Holdings Co., Ltd. (hereinafter referred to as "the Company") and appointed lawyers Li Qianru and Shao Hengyu (hereinafter referred to as "the Handling Lawyers") to attend the Company's Third Extraordinary General Meeting of Shareholders in 2019 (hereinafter referred to as "this Extraordinary General Meeting"), to witness the meeting and issue legal opinions. In order to issue this legal opinion, the Handling Lawyers reviewed the matters involved in this Extraordinary General Meeting, examined the documents deemed necessary for issuing this legal opinion, and conducted necessary verification and validation of the relevant documents. The Handling Lawyers issued legal opinions based on their understanding of facts that occurred or existed prior to the issuance date of this legal opinion and their understanding of the current laws, regulations, and normative documents of our country. This legal opinion is for the purpose of the Company regarding this Extraordinary General Meeting only and shall not be used for any other purpose without the consent of this Firm. This Firm agrees to announce this legal opinion as a necessary document for this Extraordinary General Meeting and shall bear corresponding legal responsibilities according to law. The Handling Lawyers have issued legal opinions on the convening and holding procedures of this Extraordinary General Meeting, the qualifications of the convener, the qualifications of attendees, the voting procedures and results, etc., based on the provisions of the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law") and other laws, regulations, normative documents, and the Articles of Association of Kairde Holdings Co., Ltd. (hereinafter referred to as "the Articles of Association").