Legal Opinion
Beijing Kangda (Guangzhou) Law Firm regarding the price adjustments of the Class I restricted stock repurchase price, Class II restricted stock grant price, and stock option exercise price related to the 7th equity incentive plan of Shenzhen Inovance Technology Co., Ltd.
Introduction
Beijing Kangda (Guangzhou) Law Firm has been entrusted by Shenzhen Inovance Technology Co., Ltd. (hereinafter referred to as "the Company" or "Inovance Technology") to act as legal counsel for the Company's 7th equity incentive plan (hereinafter referred to as "this incentive plan"). Lawyers Han Siming and Zhou Yong are assigned to participate in the legal work related to this incentive plan and issue this legal opinion.
Legal Basis
The lawyers of this firm have issued this legal opinion based on the provisions of 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 Management Measures"), the Continuous Supervision Measures for Growth Enterprise Market Listed Companies (Trial) (hereinafter referred to as "the Continuous Supervision Measures"), and the Listing Rules of the Shenzhen Stock Exchange for Growth Enterprise Market Stocks (hereinafter referred to as "the Listing Rules"), as well as other relevant laws, regulations, rules, and normative documents.
Verification and Declaration
To issue this legal opinion, the lawyers have reviewed the "7th Equity Incentive Plan of Shenzhen Inovance Technology Co., Ltd." (hereinafter referred to as "the Incentive Plan"), relevant board meeting documents, and other documents deemed necessary for review. They have verified and validated relevant facts and materials through inquiries of publicly available information from government departments.
The firm and the lawyers declare as follows: