Grandall Law Firm (Hangzhou) Legal Opinion
To: Ningbo Liyuan Environmental Energy Technology Co., Ltd.
Grandall Law Firm (Hangzhou) (hereinafter referred to as "the Firm") has been entrusted by Ningbo Liyuan Environmental Energy Technology Co., Ltd. (hereinafter referred to as "the Company") to appoint lawyers to attend the Company's 2025 Annual General Meeting (hereinafter referred to as "this General Meeting"). Based on 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 "Rules of Shareholders' Meetings of Listed Companies" (hereinafter referred to as "Shareholders' Meeting Rules"), the "Code of Corporate Governance for Listed Companies" (hereinafter referred to as "Governance Code"), the "Shenzhen Stock Exchange Listed Company Shareholders' Meeting Online Voting Implementation Rules" (hereinafter referred to as "Online Voting Rules"), the "Shenzhen Stock Exchange Main Board Listed Company Regulatory Guide No. 1 - Standardized Operation of Main Board Listed Companies" (hereinafter referred to as "Standardized Operation Guide"), and other laws, regulations, and normative documents, as well as the "Articles of Association of Ningbo Liyuan Environmental Energy Technology Co., Ltd." (hereinafter referred to as "Articles of Association"), this legal opinion is hereby issued regarding matters related to this General Meeting.