Legal Opinion on the First 2020 Extraordinary General Meeting
To: KaiRuiDe Holdings Co., Ltd.
Shanghai Haihua Yongtai (Beijing) Law Firm (hereinafter referred to as "the Firm") was entrusted by KaiRuiDe Holdings Co., Ltd. (hereinafter referred to as "the Company") to appoint lawyers Li Qianru and Shao Hengyu (hereinafter referred to as "handling lawyers") to attend the Company's First 2020 Extraordinary General Meeting (hereinafter referred to as "the Extraordinary General Meeting") to witness and provide legal opinions.
To issue this legal opinion, the handling lawyers have reviewed the matters related to the Extraordinary General Meeting, examined the documents that the handling lawyers deem necessary for issuing this legal opinion, and conducted necessary verification and validation of the relevant documents. The handling lawyers express their legal opinions based on their understanding of the facts that have occurred or existed prior to the date of issuance of this legal opinion and their understanding of the current laws, regulations, and normative documents of China. This legal opinion is for the Company's use solely for the purpose of the Extraordinary General Meeting and may not be used for any other purpose without the Firm's consent. The Firm agrees to make this legal opinion an essential document for the Extraordinary General Meeting for public announcement and shall bear corresponding legal responsibilities according to law.
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 KaiRuiDe Holdings Co., Ltd." (hereinafter referred to as "the Articles of Association"), the handling lawyers hereby provide the following legal opinions on the convening and holding procedures, convener's qualifications, attendees' qualifications, voting procedures, and results of the Extraordinary General Meeting: