Beijing Junhe (Hangzhou) Law Firm Legal Opinion on Hangzhou Wanshili Silk Culture Co., Ltd. 2025 Annual Shareholders' Meeting
To: Hangzhou Wanshili Silk Culture Co., Ltd.
Beijing Junhe (Hangzhou) Law Firm (hereinafter referred to as "this firm") has been entrusted by Hangzhou Wanshili Silk Culture Co., Ltd. (hereinafter referred to as "the Company") to issue this legal opinion in accordance with 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"), the Rules for Shareholders' Meetings of Listed Companies (hereinafter referred to as "Shareholders' Meeting Rules"), and other applicable laws, administrative regulations, rules, and normative documents currently in effect in the People's Republic of China (hereinafter referred to as "China," for the purpose of this legal opinion, excluding the Hong Kong Special Administrative Region, Macao Special Administrative Region, and Taiwan Province), as well as the current effective Articles of Association of Hangzhou Wanshili Silk Culture Co., Ltd. (hereinafter referred to as "Articles of Association"). The firm appointed lawyers to attend the Company's 2025 Annual Shareholders' Meeting (hereinafter referred to as "this Shareholders' Meeting") held on May 28, 2026, and issued this legal opinion regarding matters related to this Shareholders' Meeting.
To issue this legal opinion, the firm's lawyers attended this Shareholders' Meeting and reviewed documents provided by the Company related to this Shareholders' Meeting, including but not limited to:
- Articles of Association;
- Resolution of the 23rd Meeting of the 3rd Board of Directors held on April 24, 2026;
- Notice of the 2025 Annual Shareholders' Meeting published on April 27, 2026, on the Shenzhen Stock Exchange website and the Giant Tide Information Network (http://www.cninfo.com.cn/new/index) (hereinafter referred to as "Shareholders' Meeting Notice");
- Shareholder register as of the record date for this Shareholders' Meeting;
- Attendance registration records and supporting materials of shareholders present at the meeting;
- Statistical results of online voting for this Shareholders' Meeting provided by Shenzhen Securities Information Co., Ltd.;
- Announcements and documents related to the proposals for this Shareholders' Meeting;
- Other meeting documents.
The Company has assured this firm that it has disclosed all facts that could affect the issuance of this legal opinion and provided all original written materials, copies, commitment letters, or certificates required by this firm for issuing this legal opinion, with no concealment, false statements, or significant omissions. The documents and materials provided by the Company to this firm are true, accurate, complete, and valid, and if the documents are copies or reproductions, they are consistent with the originals.
In this legal opinion, this firm only expresses opinions on the convening and holding procedures of this Shareholders' Meeting, the qualifications of attendees, the qualifications of the convener, the voting procedures, and whether the voting results comply with relevant laws, administrative regulations, the Shareholders' Meeting Rules, and the Articles of Association. This firm does not express opinions on the content of the proposals reviewed at this Shareholders' Meeting or the truthfulness and accuracy of the facts or data expressed in those proposals. This firm only expresses opinions based on current effective Chinese laws and regulations and does not express opinions based on any foreign laws.
This firm has strictly fulfilled its statutory duties in accordance with the aforementioned laws, administrative regulations, rules, and normative documents, as well as the relevant provisions of the Articles of Association, and has conducted sufficient verification of the facts that occurred or existed before the issuance date of this legal opinion, ensuring that the facts recognized in this legal opinion are true, accurate, and complete, and that the conclusive opinions expressed are legal and accurate, with no false records, misleading statements, or significant omissions, and assumes corresponding legal responsibilities.