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Legal Opinion from Grandall Law Firm (Shanghai) on Wenzhou Yihua Connector Co., Ltd.'s 2023 Restricted Stock Incentive Plan Matters

Wenzhou Yihua Connector Co., Ltd.·June 4, 2026·13 pages

✨ AI Summary

This legal opinion addresses the second unlock period of the restricted stock incentive plan for Wenzhou Yihua Connector Co., Ltd. and the repurchase and cancellation of certain restricted stocks. The plan allows for the release of 30% of the restricted stocks after meeting specific performance criteria. A total of 273 participants are eligible, with 1,981,350 shares available for release.

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Full Translation

AI Translation· azure_openai

Legal Opinion from Grandall Law Firm (Shanghai)

Introduction

Grandall Law Firm (Shanghai) has been entrusted by Wenzhou Yihua Connector Co., Ltd. (hereinafter referred to as "the Company") to act as legal advisor for the Company's 2023 Restricted Stock Incentive Plan (hereinafter referred to as "the Incentive Plan"). This opinion is issued in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, and relevant regulations.

Approval and Authorization of the Unlocking and Repurchase

Procedures Completed for the Incentive Plan
- The Company's Compensation and Assessment Committee drafted the Incentive Plan and submitted it for review.
- On December 12, 2023, the Company held a board meeting to approve the relevant proposals related to the Incentive Plan.
- The independent directors reviewed the proposals and provided their opinions.
- The Company disclosed the list of incentive objects and held a shareholders' meeting to approve the plan.

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