Beijing King & Wood Law Firm
Regarding China CaiXun Technology Co., Ltd.'s Issuance of Convertible Bonds to Unspecified Targets and Listing on the Shenzhen Stock Exchange - Supplementary Legal Opinion (I)
To: China CaiXun Technology Co., Ltd.
Beijing King & Wood Law Firm (hereinafter referred to as "the Firm") has been retained by China CaiXun Technology Co., Ltd. (hereinafter referred to as "CaiXun Shares" or "the Issuer") to serve as the special legal advisor for the Issuer's current issuance of convertible bonds to unspecified targets (hereinafter referred to as "the Current Issuance").
Based on the Securities Law of the People's Republic of China (hereinafter referred to as "the Securities Law"), the Company Law of the People's Republic of China, the Administrative Measures for the Registration of Issuance of Securities by Listed Companies, the Administrative Measures for Law Firms Engaging in Securities Legal Business, the Practice Rules for Securities Legal Business of Law Firms (Trial) (hereinafter referred to as "Practice Rules"), the Information Disclosure Rules for Public Offering of Securities No. 12 - Legal Opinions and Lawyers' Reports on Public Offering of Securities (CSRC Issuance [2001] No. 37) (hereinafter referred to as "Reporting Rules No. 12"), and other currently effective laws, administrative regulations, rules, and normative documents of the People's Republic of China (hereinafter referred to as "Mainland China," including the Hong Kong Special Administrative Region, the Macao Special Administrative Region, and Taiwan Province of China; for the purpose of this Supplementary Legal Opinion, Mainland China specifically refers to mainland China), and relevant regulations of the China Securities Regulatory Commission (hereinafter referred to as "CSRC"), in accordance with the generally recognized business standards, ethical norms, and diligent and conscientious spirit of the legal profession, the Firm issued the "Lawyers' Report on China CaiXun Technology Co., Ltd.'s Issuance of Convertible Bonds to Unspecified Targets and Listing on the Shenzhen Stock Exchange" (hereinafter referred to as "Lawyers' Report") and the "Legal Opinion on China CaiXun Technology Co., Ltd.'s Issuance of Convertible Bonds to Unspecified Targets and Listing on the Shenzhen Stock Exchange" (hereinafter referred to as "Legal Opinion") on April 23, 2026.
The Firm now issues this Supplementary Legal Opinion in response to the "Inquiry Letter on the Review of China CaiXun Technology Co., Ltd.'s Application for Issuance of Convertible Bonds to Unspecified Targets and Listing on the Shenzhen Stock Exchange" (Review Letter [2026] No. 020045) (hereinafter referred to as "Inquiry Letter") issued by the Listing Review Center of the Shenzhen Stock Exchange on May 19, 2026.
The premises and assumptions made in the Legal Opinion and the Lawyers' Report by King & Wood are also applicable to this Supplementary Legal Opinion. Unless otherwise specified, the definitions used in this Supplementary Legal Opinion are the same as those in the Legal Opinion and the Lawyers' Report.
This Supplementary Legal Opinion is for the sole purpose of the Issuer's current issuance and shall not be used for any other purpose. King & Wood agrees that this Supplementary Legal Opinion will be used as a necessary legal document for the Issuer's issuance application, submitted together with other application materials, and is willing to bear the corresponding legal responsibilities.
King & Wood and the signing lawyers have, in accordance with the aforementioned laws, administrative regulations, rules, normative documents, and CSRC regulations, as well as the facts that have occurred or existed prior to the issuance date of this Supplementary Legal Opinion, diligently performed their statutory duties, adhered to the principles of diligence and good faith, conducted thorough verification and investigation of the matters related to the Issuer's current issuance, and ensured that the facts determined in this Supplementary Legal Opinion are true, accurate, and complete. The conclusive opinions expressed on the current issuance are legal and accurate, free from any false statements, misleading representations, or material omissions, and the Firm shall bear the corresponding legal responsibilities.