Co-Effort Law Firm LLP
Legal Opinion on the Cancellation of Part of the 2023 Stock Option Incentive Plan of Suzhou Victory Precision Manufacturing Technology Co., Ltd.
To: Suzhou Victory Precision Manufacturing Technology Co., Ltd.
Shanghai Co-Effort (Suzhou) Law Firm (hereinafter referred to as "the Firm") has been entrusted by Suzhou Victory Precision Manufacturing Technology Co., Ltd. (hereinafter referred to as "Victory Precision" or "the Company") to provide legal services for the Company's 2023 Stock Option Incentive Plan (hereinafter referred to as "the Plan"). 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 "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as "Administrative Measures"), and other relevant laws, regulations, and normative documents, as well as the "Articles of Association of Suzhou Victory Precision Manufacturing Technology Co., Ltd." (hereinafter referred to as "Articles of Association") and the "2023 Stock Option Incentive Plan (Draft for Comments, Revised) of Suzhou Victory Precision Manufacturing Technology Co., Ltd." (hereinafter referred to as "the Incentive Plan"), this Legal Opinion is hereby issued regarding the Company's proposed cancellation of part of the stock options under the 2023 Stock Option Incentive Plan (hereinafter referred to as "this Cancellation").