Shanghai Allbright Law Offices
Legal Opinion
Regarding the Adjustments to the Grant Price, Cancellation of Part of the Restricted Shares, and Fulfillment of Vesting Conditions for the Second Vesting Period of Wuxi Lead Intelligent Equipment Co., Ltd.'s 2024 Restricted Stock Incentive Plan
To: Wuxi Lead Intelligent Equipment Co., Ltd.
Shanghai Allbright Law Offices (hereinafter referred to as "the Firm") has been entrusted by Wuxi Lead Intelligent Equipment Co., Ltd. (hereinafter referred to as "Lead Intelligent" or "the Company") to provide this legal opinion. Based on the "Company Law of the People's Republic of China" (hereinafter referred to as "Company Law"), the "Securities Law of the People's Republic of China" (hereinafter referred to as "Securities Law"), the "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as "Administrative Measures"), the "Shenzhen Stock Exchange GEM Stock Listing Rules" (hereinafter referred to as "GEM Listing Rules"), and the "Articles of Association of Wuxi Lead Intelligent Equipment Co., Ltd." (hereinafter referred to as "Articles of Association"), and other relevant regulations, the Firm hereby issues this legal opinion on the adjustments to the grant price (hereinafter referred to as "this Price Adjustment"), the cancellation of part of the restricted shares (hereinafter referred to as "this Cancellation"), and the fulfillment of vesting conditions for the second vesting period (hereinafter referred to as "this Vesting") of Lead Intelligent's 2024 Restricted Stock Incentive Plan (hereinafter referred to as "this Equity Incentive Plan").
Section 1 Lawyer's Statement
(I) The Firm and its practicing lawyers have fulfilled their statutory duties in accordance with the "Securities Law," the "Administrative Measures for Lawyers Engaging in Securities Legal Business," and the "Practice Rules for Lawyers Engaging in Securities Legal Business," and based on facts that have occurred or existed prior to the issuance of this legal opinion. They have diligently and conscientiously adhered to the principles of good faith, conducted a thorough investigation and verification of the legality and effectiveness of this Price Adjustment, this Cancellation, and this Vesting, and guarantee that the facts identified in this legal opinion are true, accurate, and complete. The conclusions expressed are legal and accurate, free from any false statements, misleading omissions, or significant omissions, and the Firm assumes corresponding legal responsibilities.
(II) The Firm's lawyers have reviewed and made judgments on all documents and information related to the issuance of this legal opinion. Concurrently, Lead Intelligent guarantees to the Firm that it has provided all true and necessary original written materials, duplicate materials, or written explanations that the Firm deems necessary for issuing this legal opinion, and that the Company has not omitted any documents when providing them to the Firm. All signatures and seals on the documents are authentic, and all duplicate materials or copies are consistent with the originals.
(III) The Firm and its lawyers have not authorized any entity or individual to interpret or explain this legal opinion.
(IV) This legal opinion is solely for the Company's use in connection with this Equity Incentive Plan. Without the Firm's written permission, it shall not be used by any person for any other purpose.
Section 2 Main Text
I. Approval and Authorization for this Price Adjustment, this Cancellation, and this Vesting
(I) On September 30, 2024, the Company convened the Sixth Meeting of the Fifth Board of Directors and deliberated and approved the "Proposal on the Draft and Summary of the Company's 2024 Restricted Stock Incentive Plan," the "Proposal on the Performance Management Measures for the Company's 2024 Restricted Stock Incentive Plan," and other proposals related to this Equity Incentive Plan. The Remuneration and Assessment Committee of the Board of Directors and the Independent Director Special Committee of the Board of Directors deliberated and approved relevant proposals.