Legal Opinion on the Initial Grant and Adjustment of Stock Option Incentive Plan of Gongda Electric Sound Co., Ltd. for 2026
To: Gongda Electric Sound Co., Ltd.
Beijing Shidai Jiuhes Law Firm (hereinafter referred to as "this firm") has been entrusted by Gongda Electric Sound Co., Ltd. (hereinafter referred to as "the company" or "Gongda Electric Sound") to act as special legal counsel for the 2026 stock option incentive plan (hereinafter referred to as "this equity incentive plan" or "this incentive plan"). 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 Administrative Measures for Equity Incentives of Listed Companies (hereinafter referred to as "the Administrative Measures"), the Listing Rules of the Shenzhen Stock Exchange, and the Self-Regulatory Guidelines No. 1 for Listed Companies of the Shenzhen Stock Exchange, as well as relevant provisions of the Articles of Association of Gongda Electric Sound Co., Ltd. (hereinafter referred to as "the Articles of Association"), this legal opinion is issued regarding the initial grant of this equity incentive plan.
The lawyers of this firm make the following statements regarding the issuance of this legal opinion:
- This firm and the handling lawyers have strictly fulfilled their statutory duties in accordance with the Securities Law, the Administrative Measures for Securities Legal Services, and the Practice Rules for Securities Legal Services (Trial), and have conducted thorough verification of facts that occurred or existed prior to the issuance date of this legal opinion. They ensure that the facts recognized in this legal opinion are true, accurate, and complete, and that the conclusions drawn are legal and accurate, without any false records, misleading statements, or significant omissions, and bear corresponding legal responsibilities.
- Gongda Electric Sound has ensured that it has provided all necessary factual materials required for the issuance of this legal opinion to the lawyers of this firm, and that the relevant written materials and testimonies are true and valid, with no significant omissions or misleading statements, and that the copies provided are consistent with the originals. The lawyers of this firm have reviewed and judged all documents and testimonies provided by Gongda Electric Sound and issued this legal opinion based on that.
- For facts that are crucial to this legal opinion but cannot be supported by independent evidence, the lawyers of this firm rely on the proof documents or testimonies provided by Gongda Electric Sound, other relevant units, or individuals.
- The lawyers of this firm agree to announce this legal opinion as a necessary statutory document for this equity incentive plan and bear legal responsibility for this legal opinion in accordance with the law.
- This legal opinion is only for the purpose of Gongda Electric Sound's equity incentive plan and shall not be used for any other purposes.
According to the requirements of the Company Law, the Securities Law, the Administrative Measures, and other relevant laws and regulations, and in accordance with the recognized business standards, ethical norms, and diligent and responsible spirit of the legal profession, the lawyers of this firm have verified and validated the documents and relevant facts provided by Gongda Electric Sound. The legal opinions are as follows: