300124SZSE

Legal Opinion on Price Adjustments Related to the Sixth Equity Incentive Plan of Shenzhen Inovance Technology Co., Ltd.

Shenzhen Inovance Technology Co., Ltd.··9 pages

✨ AI Summary

This legal opinion addresses the price adjustments for the first category of restricted stock repurchase, second category of restricted stock grant, and stock option exercise prices under the sixth equity incentive plan. Key adjustments include a reduction in the repurchase price from 41.56 to 41.06 RMB per share and the exercise price from 59.90 to 59.40 RMB per option. The adjustments have received necessary approvals and comply with relevant regulations.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Legal Opinion

Beijing Kangda (Guangzhou) Law Firm
Room 2901, 29th Floor, Litong Plaza, No. 32 Zhujiang East Road, Tianhe District, Guangzhou
Zip Code: 510623
Tel: 86-020-37392666
Fax: 86-020-37392826
E-mail: kdgzlaw@163.com

Legal Opinion on Price Adjustments Related to the Sixth Equity Incentive Plan of Shenzhen Inovance Technology Co., Ltd.

Kangda Law Opinion No. [2026] No. [0089]
June 2026

To: Shenzhen Inovance Technology Co., Ltd.

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 sixth 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.

Our lawyers have reviewed the "Sixth 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. We have verified and validated relevant facts and materials through inquiries of publicly available information from government departments.

In issuing this legal opinion, we declare as follows:

  1. Our firm and the handling lawyers base their legal opinions on the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Administrative Measures for Equity Incentives of Listed Companies," "Continuing Supervision Measures for Growth Enterprise Market Listed Companies (Trial)," and "Listing Rules for Growth Enterprise Market Stocks of Shenzhen Stock Exchange," as well as facts that have occurred or existed prior to the date of this legal opinion.
  2. Our firm and the handling lawyers have strictly fulfilled their statutory duties in accordance with legal regulations, adhered to the principles of diligence and good faith, conducted thorough verification, and ensured that the facts recognized in this legal opinion are true, accurate, and complete. The conclusions drawn are legal and accurate, with no false records, misleading statements, or significant omissions, and we bear corresponding legal responsibilities.
  3. Our firm and the handling lawyers only express opinions on legal matters related to the Company's Incentive Plan and do not provide opinions on accounting, auditing, or other professional matters. Our firm and the handling lawyers do not have the legal qualifications to verify or make judgments on such professional matters. References to reports, data, or contents of accounting or auditing reports in this legal opinion do not imply any express or implied guarantee of the truthfulness or validity of these referenced contents.
  4. The Company has ensured that the information, documents, or materials provided to our firm related to this legal opinion are true, accurate, complete, and valid, with no false records, misleading statements, or significant omissions. For documents that are copies or reproductions, the contents are consistent with the originals. All signatories of the documents have full civil capacity, and their signing actions have received appropriate and valid authorization. All signatures and seals on the documents or materials are genuine.
  5. For facts that are crucial to this legal opinion but cannot be supported by independent evidence, our firm and the handling lawyers rely on certificates or confirmation documents provided by relevant government departments, relevant units, or individuals, as well as publicly available information from competent authorities. The truthfulness, validity, completeness, and accuracy of such certificates, confirmation documents, or information are the responsibility of the units or individuals that issued or provided them.
  6. Our firm agrees to use this legal opinion as a necessary legal document for the Company's Incentive Plan, to be submitted to the stock exchange along with other materials for relevant information disclosure.
  7. This legal opinion is only for the purpose of the Company's Incentive Plan and may not be used for any other purpose without our written consent.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.

Sign in to read moreSee Pro pricing