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Fujian Jun Li Law Firm's Legal Opinion on Fujian Star-Net Rui-Jie Communication Co., Ltd.'s Proposed Acquisition of 46% Equity in Guangzhou Xinde Communication Technology Co., Ltd.

Fujian Star-net Communication Co., Ltd.··17 pages

✨ AI Summary

Fujian Jun Li Law Firm issues a legal opinion regarding Star-Net Rui-Jie's proposed acquisition of 46% equity in Guangzhou Xinde. The acquisition aims to increase Star-Net Rui-Jie's stake to 67%, making Xinde a controlled subsidiary. The transaction value is based on an asset appraisal of RMB 395.6 million. The opinion confirms necessary approvals and the legal validity of the transaction.

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Full Translation

AI Translation· gemini_document

Fujian Jun Li Law Firm

Legal Opinion

Regarding the Proposed Acquisition of 46% Equity in Guangzhou Xinde Communication Technology Co., Ltd. by Fujian Star-Net Rui-Jie Communication Co., Ltd.

To: Fujian Star-Net Rui-Jie Communication Co., Ltd.

Fujian Jun Li Law Firm has been entrusted by the listed company to appoint lawyers from our firm to issue this legal opinion regarding the proposed acquisition of 46% equity in Guangzhou Xinde Communication Technology Co., Ltd. by the listed company, in accordance with the "Company Law of the People's Republic of China," "Law on State-Owned Assets of Enterprises of the People's Republic of China," and other relevant laws, regulations, and normative documents, as well as the "Articles of Association." We have also adhered to the generally accepted business standards, ethical norms, and the principle of diligent and conscientious performance within the legal profession.

The lawyers of our firm make the following statements for the purpose of issuing this legal opinion:

  1. During the verification process, the lawyers of our firm have obtained the following assurance from the target company: the target company has provided the lawyers of our firm with all original written materials, duplicate materials, and other necessary materials related to this project for issuing this legal opinion, which are true, complete, lawful, and effective, and there are no omissions, falsehoods, or concealed information. The target company assumes legal responsibility for the truthfulness, completeness, legality, and effectiveness of the provided documents.

  2. During the verification process, the lawyers of our firm have obtained the following assurance from the target company: the target company has assured the lawyers of our firm that the electronic texts, duplicates, or copies of the relevant written documents provided to the lawyers of our firm are consistent with the originals, and that the signatures and seals on the originals are genuine. All facts and documents that could affect this legal opinion have been disclosed to us, with no concealment or omission.

  3. The lawyers of our firm express their legal opinions based on the investigation of relevant facts and the review and verification of relevant materials.

  4. The lawyers of our firm have strictly performed their statutory duties, adhered to the principles of diligence and conscientiousness, and honesty and good faith, and have conducted necessary verification and validation of the legality, truthfulness, and effectiveness of the content covered in this legal opinion to the best of our ability.

  5. For facts that are crucial to this legal opinion but cannot be independently substantiated, the lawyers of our firm will issue legal opinions based on documents provided by relevant government departments and the company.

  6. The lawyers of our firm base their legal opinions on facts that have occurred or existed prior to the issuance date of this legal opinion and on the currently effective laws, regulations, and departmental rules of China.

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