Grandall Law Firm (Nanjing) Office
Legal Opinion
Regarding Beijing Baihua Yuebang Technology Co., Ltd.'s 2026 Private Placement of Shares
To: Beijing Baihua Yuebang Technology Co., Ltd.
Grandall Law Firm (Nanjing) Office has been appointed by Beijing Baihua Yuebang Technology Co., Ltd. as its special legal advisor for the 2026 private placement of shares. In accordance with the relevant laws, regulations, and other provisions of the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Administrative Measures for the Registration of Issuance of Securities by Issuers (2025 Revision)," "Shenzhen Stock Exchange Stock Listing Rules for Issuers (2025 Revision)," "Disclosure Guidelines for Public Offering of Securities by Securities Companies No. 12 — Legal Opinions and Lawyers' Work Reports on Public Offerings of Securities," "Administrative Measures for Securities Legal Business of Law Firms," and "Practice Rules for Securities Legal Business of Law Firms (Trial)," and in compliance with the universally recognized business standards, ethical norms, and the spirit of diligence and responsibility of the legal profession, our lawyers have conducted verification and confirmation of the documents and facts provided by the issuer, and hereby issue this legal opinion.
Section 1 Introduction
I. Introduction of the Law Firm and Handling Lawyers
(I) Introduction of the Law Firm
Grandall Law Firm was established in June 1998 and was the first law firm group approved by the Ministry of Justice of the People's Republic of China. Its business scope includes providing legal services for enterprise restructuring and domestic initial public offerings, rights issues, additional offerings, convertible bonds, corporate bonds, and short-term financing bonds; providing legal services for shell company listings, equity transfers, and asset restructurings of listed companies and other types of companies; providing legal services for the establishment, management, and financing of trust companies and fund companies; providing legal services for Chinese enterprises' initial public offerings, refinancing, and reverse mergers and acquisitions for financing in overseas capital markets; providing legal services for overseas capital direct investment and cross-border mergers and acquisitions; and providing legal services for company and related financial institution bankruptcy and liquidation; providing legal services for syndicated loans and project financing from international and domestic banks; providing legal services for enterprise credit risk control; providing legal services for various infrastructure construction projects; providing legal services for real estate development and sales projects; serving as legal counsel for multinational corporations, enterprise groups, financial institutions, and other large companies, providing comprehensive and routine legal services; and acting as agents in various civil and commercial litigation and arbitration, especially in company, finance, securities, and intellectual property rights. In March 2011, Grandall Law Firm was renamed Grandall Law Firm upon approval by the judicial administrative authorities.
Grandall Law Firm is one of the largest cross-regional partnership law firms in China, with branches in Beijing, Shanghai, Shenzhen, Hangzhou, Nanjing, Guangzhou, Kunming, Tianjin, Chengdu, Ningbo, Fuzhou, Xi'an, Nanning, Jinan, Chongqing, Suzhou, Changsha, Taiyuan, Wuhan, Guiyang, Urumqi, Zhengzhou, Shijiazhuang, Hefei, Hainan, Qingdao, Nanchang, Dalian, Yinchuan, Lazi, Hong Kong, Paris, Madrid, Stockholm, New York, Malaysia, Cambodia, Kazakhstan, Italy, and Hungary.
Grandall Law Firm (Nanjing) Office was established as a partnership law firm on December 20, 2011, with the approval of the Jiangsu Provincial Department of Justice. It holds the "Law Firm Practicing License" (Unified Social Credit Code: 31320000588425316K) issued by the Jiangsu Provincial Department of Justice and is a member of Grandall Law Firm. The firm's business scope primarily includes non-litigation legal services such as securities and mergers and acquisitions, as well as litigation legal services. As of December 31, 2025, the number of securities practicing lawyers registered with the China Securities Regulatory Commission was 102. The registered address is Rooms 5136 and 5137, Block B, 309 Hanzhongmen Street, Yuhua District, Nanjing.