Legal Opinion
I. Issuance and Listing of Convertible Bonds to be Redeemed by the Company
(I) Company Approval and Authorization On February 1, 2023, the Company held its Fifth Meeting of the Third Board of Directors, which deliberated and approved the Proposal on the Conditions for Issuing Convertible Bonds to Non-specific Objects, the Proposal on the Issuance Plan for Convertible Bonds to Non-specific Objects, the Proposal on the Preliminary Plan for Issuing Convertible Bonds to Non-specific Objects, and the Proposal on Authorizing the Board of Directors to Fully Handle Matters Related to the Issuance of Convertible Bonds to Non-specific Objects, among other proposals related to this issuance, and proposed to convene the Second Extraordinary General Meeting of Shareholders in 2023. On February 17, 2023, the Company held its Second Extraordinary General Meeting of Shareholders in 2023, which deliberated and approved, item by item, the Proposal on the Conditions for Issuing Convertible Bonds to Non-specific Objects, the Proposal on the Issuance Plan for Convertible Bonds to Non-specific Objects, the Proposal on the Preliminary Plan for Issuing Convertible Bonds to Non-specific Objects, and the Proposal on Authorizing the Board of Directors to Fully Handle Matters Related to the Issuance of Convertible Bonds to Non-specific Objects, among other proposals related to this issuance. On January 2, 2024, the Company held its Thirteenth Meeting of the Third Board of Directors, which deliberated and approved the Proposal on Extending the Validity Period of the Company's Issuance Plan for Convertible Bonds to Non-specific Objects and the Proposal on Extending the Validity Period of the Board of Directors' Authorization to Fully Handle Matters Related to the Issuance of Convertible Bonds to Non-specific Objects, extending the validity period of the Company's issuance plan for convertible bonds to non-specific objects and the validity period of the authorization for the Board of Directors to fully handle matters related to the issuance of convertible bonds to non-specific objects from December 2023 to December 2024. On January 18, 2024, the Company held its First Extraordinary General Meeting of Shareholders in 2024, which deliberated and approved the Proposal on Extending the Validity Period of the Company's Issuance Plan for Convertible Bonds to Non-specific Objects and the Proposal on Extending the Validity Period of the Board of Directors' Authorization to Fully Handle Matters Related to the Issuance of Convertible Bonds to Non-specific Objects, extending the validity period of the Company's issuance plan for convertible bonds to non-specific objects and the validity period of the authorization for the Board of Directors to fully handle matters related to the issuance of convertible bonds to non-specific objects from December 2023 to December 2024. On August 13, 2024, the Company held its Nineteenth Meeting of the Third Board of Directors, which deliberated and approved the Proposal on Further Clarifying the Company's Issuance Plan for Convertible Bonds to Non-specific Objects, the Proposal on the Listing of the Company's Convertible Bonds to Non-specific Objects, and the Proposal on Opening a Special Account for Raised Funds and Signing Tripartite and Quadripartite Supervision Agreements, among other proposals related to this issuance.