Legal Opinion on Xiamen Yilian Network Technology Co., Ltd.'s 2026 Restricted Stock Incentive Plan Adjustments and Grants
Fujian Zhili Law Firm
Address: 22nd Floor, TB# Office Building, Phase III, China Resources MixC, Hongshan Garden Road, Gulou District, Fuzhou City, 350025
Phone: (0591) 8806 5558
Fax: (0591) 8806 8008
Website: http://www.zenithlawyer.com
Legal Opinion No. Min Li Fei Su Zi [2026] No. 063-01
To: Xiamen Yilian Network Technology Co., Ltd.
Fujian Zhili Law Firm (hereinafter referred to as "this firm") has been entrusted by Xiamen Yilian Network Technology Co., Ltd. (hereinafter referred to as "Yilian Network" or "the Company") to provide legal opinions regarding the adjustments (hereinafter referred to as "this adjustment") and grant matters (hereinafter referred to as "this grant") of the Company's 2026 Restricted Stock Incentive Plan (hereinafter referred to as "this incentive plan") in accordance with the provisions of the Securities Law of the People's Republic of China (hereinafter referred to as "Securities Law"), the Company Law of the People's Republic of China (hereinafter referred to as "Company Law"), and the Administrative Measures for Equity Incentives of Listed Companies issued by the China Securities Regulatory Commission (hereinafter referred to as "Administrative Measures"), as well as other relevant laws, regulations, and normative documents. This legal opinion is issued in accordance with the recognized business standards, ethical norms, and due diligence spirit of the legal profession.
This firm makes the following statements regarding this legal opinion:
- This firm and the handling lawyers have strictly fulfilled their statutory duties in accordance with the provisions of the Securities Law, the Administrative Measures for Securities Legal Services, and the Trial Implementation Rules for Securities Legal Services, and have conducted sufficient verification to ensure that the facts recognized in this legal opinion are true, accurate, and complete, and that the conclusions drawn are legal and accurate, without any false records, misleading statements, or significant omissions.
- The lawyers of this firm agree to use this legal opinion as one of the necessary legal documents for the Company's incentive plan and are willing to bear corresponding legal responsibilities in accordance with the law.
- The lawyers of this firm do not express opinions on non-legal professional matters such as accounting, auditing, capital verification, profit forecasts, and asset evaluations. When referencing data or conclusions from accounting statements, audit reports, capital verification reports, profit forecast reports, and asset evaluation reports, it does not imply any express or implied guarantee of the truthfulness and accuracy of these data or conclusions.
- The Company guarantees that it has provided the original written materials, copies, or oral testimonies deemed necessary by the lawyers for issuing this legal opinion, and that the signatures and/or seals on the relevant materials are true and valid, with all copies consistent with the original materials, without any concealment, false records, misleading statements, or significant omissions.
- For facts that are crucial to this legal opinion but cannot be independently supported by evidence, the lawyers rely on documents issued by the Company, relevant government departments, and other relevant institutions, as well as statements and commitments from parties related to this incentive plan regarding relevant facts and legal issues.
- This legal opinion is only for the purpose of the Company's incentive plan and shall not be used for any other purpose.
I. Adjustment Matters of This Incentive Plan
According to the resolutions passed at the 13th meeting of the 5th Board of Directors of the Company, regarding the adjustment of the grant price of the 2026 Restricted Stock Incentive Plan and the grant of restricted stocks to the incentive objects, and considering that the Company's annual profit distribution for 2025 has been completed, the grant price of this incentive plan will be adjusted accordingly.