Legal Opinion from Shanghai Bairen Law Firm
To: Hainan Ruize New Materials Co., Ltd.
Hainan Ruize New Materials Co., Ltd. (hereinafter referred to as "the Company") held its first extraordinary shareholders' meeting of 2026 on June 4, 2026, in Sanya. Shanghai Bairen Law Firm was appointed by the Company to witness this extraordinary shareholders' meeting and to provide legal opinions in accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Securities Law of the People's Republic of China (hereinafter referred to as "the Securities Law"), the Rules for Shareholders' Meetings of Listed Companies issued by the China Securities Regulatory Commission (hereinafter referred to as "the Shareholders' Meeting Rules"), and other relevant regulatory documents, as well as the provisions of the Articles of Association of Hainan Ruize New Materials Co., Ltd. (hereinafter referred to as "the Articles of Association"). This opinion addresses the convening and holding procedures of the extraordinary shareholders' meeting, the qualifications of the convener and attendees, the qualifications of shareholders proposing new motions, the voting procedures, and the voting results. The lawyers agree that the Company may use this legal opinion as a statutory document for this extraordinary shareholders' meeting and submit it along with other documents for review and announcement by the Shenzhen Stock Exchange.
To issue this legal opinion, the lawyers conducted a review of the relevant matters concerning this extraordinary shareholders' meeting in accordance with the requirements of the Securities Law and in line with the recognized business standards, ethical norms, and due diligence spirit of the legal profession. The opinions are as follows: