Legal Opinion of Landing Law Firm on Kunlun Wanwei Technology Co., Ltd. 2025 Restricted Stock Incentive Plan First Vesting Conditions Met and Cancellation of Part of Restricted Stock
To: Kunlun Wanwei Technology Co., Ltd.
Shanghai Landing Law Firm has been entrusted by Kunlun Wanwei Technology Co., Ltd. (hereinafter referred to as "Kunlun Wanwei" or "the Company", stock code 300418) to issue this legal opinion on matters related to the Company's implementation of the 2025 Restricted Stock Incentive Plan.
In accordance with 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," "Shenzhen Stock Exchange ChiNext Stock Listing Rules," and "Shenzhen Stock Exchange ChiNext Listed Company Self-Regulatory Management Guide No. 1 - Business Handling," and other relevant laws, regulations, normative documents, and the "Articles of Association of Kunlun Wanwei Technology Co., Ltd.," and in accordance with the generally recognized business standards, ethical norms, and diligence requirements of the legal profession, our firm issued the "Legal Opinion on the Draft 2025 Restricted Stock Incentive Plan of Kunlun Wanwei Technology Co., Ltd." (hereinafter referred to as the "Draft Legal Opinion") on April 3, 2025, and the "Legal Opinion on the Grant of Restricted Stock for the 2025 Restricted Stock Incentive Plan of Kunlun Wanwei Technology Co., Ltd." on April 21, 2025. This legal opinion is hereby issued on the fulfillment of the vesting conditions for the first vesting period of this incentive plan and the cancellation of part of the restricted stock.
In order to issue this legal opinion, our firm's lawyers make the following statements:
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In accordance with the "Securities Law of the People's Republic of China," the "Measures for the Administration of Legal Practice of Law Firms in Securities Legal Business," and the "Practice Rules for Securities Legal Business of Law Firms (Trial)," and based on facts that have occurred or exist prior to the issuance date of this legal opinion, our firm's lawyers have strictly performed their statutory duties, adhered to the principles of diligence and good faith, conducted thorough investigations and verifications, and ensured that the facts determined in this legal opinion are true, accurate, and complete, and that the conclusions expressed are legal and accurate, without any false records, misleading statements, or material omissions, and shall bear corresponding legal responsibilities.
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This legal opinion shall be used in conjunction with the "Draft Legal Opinion" and other legal opinions. Unless otherwise specified, the abbreviations used in this legal opinion shall have the same meaning as in the "Draft Legal Opinion." The premises, assumptions, and statements made by our firm in the "Draft Legal Opinion" are also applicable to this legal opinion.