Unless otherwise stated, the statements made by the Firm and the Firm's lawyers in the previously issued legal opinions apply to this supplementary legal opinion. This supplementary legal opinion constitutes an addition to the previously issued legal opinions.
I. Qualifications of the Parties to the Transaction
(I) Issuer and Asset Purchaser, Pudong Vike Hydraulic
- Upon the Firm's verification, Pudong Vike Hydraulic held its 2025 Annual Shareholders' Meeting on May 15, 2026, and approved the "Proposal on Repurchasing and Canceling a Portion of Class I Restricted Shares." Due to one individual among the initial grantees of stock options having resigned, and in accordance with the "Administrative Measures for Equity Incentives of Listed Companies" and the "2023 Restricted Share Incentive Plan (Draft Amendment)," this individual is no longer eligible for the incentive. Accordingly, 5,200 Class I restricted shares that have been granted but not yet vested will be repurchased and canceled. Furthermore, as Pudong Vike Hydraulic did not meet the performance targets for the 2025 fiscal year, it will repurchase and cancel 469,300 Class I restricted shares that are not eligible for release from restrictions during the third vesting period under the current incentive plan. In total, 474,500 Class I restricted shares will be repurchased and canceled.
The repurchase and cancellation of a portion of Class I restricted shares by Pudong Vike Hydraulic will result in a reduction of its registered capital. After this repurchase and cancellation, Pudong Vike Hydraulic's total share capital will decrease from 108,932,234 shares to 108,457,734 shares, and its registered capital will decrease from RMB 108,932,234 to RMB 108,457,734. The industrial and commercial change procedures for this capital reduction are pending.
- Upon the Firm's verification, according to the shareholder register provided by Pudong Vike Hydraulic and its confirmation, as of December 31, [blank] year, Shu Wuhong held 30.21% of Pudong Vike Hydraulic's shares. His concerted party, Shu Wenli, held 2.52% of Pudong Vike Hydraulic's shares. Shu Wuhong and his concerted parties collectively control 32.73% of Pudong Vike Hydraulic's shares. Shu Wuhong is the controlling shareholder and actual controller of Pudong Vike Hydraulic.
(II) Asset Seller
Upon the Firm's verification, as of the date of this supplementary legal opinion, the following updates exist regarding the basic information of the transaction counterparty:
- Hunan Aerospace
Upon the Firm's verification, the business term and total capital contribution of partners of Hunan Aerospace have changed. The updated information is as follows: