Legal Opinion from Beijing Merits & Tree Law Offices on the Adjustment and Initial Grant of Jiangsu Wuyang Self-Control Technology Co., Ltd.'s 2026 Stock Option Incentive Plan
Beijing Merits & Tree Law Offices
Document No. [2026]0019-2
June 2026
12th Floor, Raffles City Beijing Office Tower, No.1 Dongzhimen South Street, Dongcheng District, Beijing 100007 P.R.C
Tel: 010-56500900
Fax: 010-56500999
www.meritsandtree.com
1. Definitions
In this legal opinion, unless otherwise specified, the following terms or abbreviations have the meanings ascribed to them:
- Wuyang Self-Control / Listed Company / Company refers to Jiangsu Wuyang Self-Control Technology Co., Ltd.
- This Incentive Plan / The Plan refers to Jiangsu Wuyang Self-Control Technology Co., Ltd.'s 2026 Stock Option Incentive Plan.
- "Incentive Plan (Draft)" refers to the "2026 Stock Option Incentive Plan (Draft) of Jiangsu Wuyang Self-Control Technology Co., Ltd."
- "Assessment Management Measures" refers to the "Implementation Assessment Management Measures of Jiangsu Wuyang Self-Control Technology Co., Ltd.'s 2026 Stock Option Incentive Plan."
- Stock Options / Options refer to the rights granted to incentive recipients to purchase a certain number of the Company's shares at a predetermined price and conditions within a specified period.
- Incentive Recipients refer to personnel who meet the conditions for stock option grants as stipulated in this Incentive Plan.
- Authorization Date refers to the date on which the Company grants rights to the incentive recipients after the approval of this Incentive Plan, which must be a trading day.
- Validity Period refers to the period from the initial grant of stock options until all granted stock options are exercised or canceled.
- Waiting Period refers to the time from the corresponding grant of stock options to the date when the stock options can be exercised.
- Exercise refers to the act of the incentive recipient purchasing the underlying shares according to the conditions set in this Incentive Plan.
- Exercise Date refers to the date when the incentive recipient can start exercising the options, which must be a trading day.
- Exercise Price refers to the price determined by the Company at the time of granting stock options for the incentive recipient to purchase the Company's shares.
- Exercise Conditions refer to the conditions that must be met by the incentive recipient to exercise stock options according to this Incentive Plan.
- China Securities Regulatory Commission refers to the China Securities Regulatory Commission.
- Shenzhen Stock Exchange refers to the Shenzhen Stock Exchange.
- This Office refers to Beijing Merits & Tree Law Offices.
- Company Law refers to the Company Law of the People's Republic of China.
- Securities Law refers to the Securities Law of the People's Republic of China.
- Management Measures refer to the Management Measures for Equity Incentives of Listed Companies.
- Listing Rules refer to the Listing Rules for the Growth Enterprise Market of the Shenzhen Stock Exchange.
- Self-Regulatory Guidelines refer to the Self-Regulatory Guidelines No. 1 for Business Handling of Listed Companies on the Growth Enterprise Market of the Shenzhen Stock Exchange.
- Articles of Association refer to the Articles of Association of Jiangsu Wuyang Self-Control Technology Co., Ltd.
- Yuan / Ten Thousand Yuan refers to Renminbi Yuan / Ten Thousand Yuan.
2. Legal Opinion
To: Jiangsu Wuyang Self-Control Technology Co., Ltd.
According to the "Lawyer Service Agreement" signed between Beijing Merits & Tree Law Offices (hereinafter referred to as "this Office") and Jiangsu Wuyang Self-Control Technology Co., Ltd., this Office has been entrusted to act as the special legal advisor for the 2026 Stock Option Incentive Plan of Wuyang Self-Control.
Based on the Company Law, Securities Law, Management Measures, and relevant laws, regulations, and normative documents, this Office issues this legal opinion regarding the adjustment and initial grant of the 2026 Stock Option Incentive Plan.