Introduction
1. Basis for Issuing this Legal Opinion
This legal opinion is issued by Shanghai Chengming Zezheng Law Firm based on the Company Law, Securities Law, Regulations on the Management of Acquisitions, Regulations on Securities Legal Services, and other relevant laws, regulations, and normative documents, as well as the relevant provisions of the China Securities Regulatory Commission. The firm has verified the documents and facts related to the exemption from issuing an offer by Xiamen Puyu in this acquisition and has issued this legal opinion based on that verification.