1. Introduction
This legal opinion is issued by Shanghai Lihui Law Firm, which is legally qualified and approved by the Shanghai Municipal Justice Bureau. The firm has been entrusted by Shanghai Yutian Guanjia Technology Co., Ltd. to act as the special legal advisor for the company's 2026 restricted stock incentive plan. The firm and its lawyers have issued this legal opinion based on the Securities Law, Company Law, Equity Incentive Management Measures, Stock Listing Rules, Self-Regulatory Guidelines No. 1, and other relevant laws and regulations, as well as facts that occurred or existed prior to the issuance date of this legal opinion.
2. Definitions
In this legal opinion, unless the context indicates otherwise, the following terms have the meanings set forth below:
- Company, Listed Company, Yutian Guanjia refers to Shanghai Yutian Guanjia Technology Co., Ltd.
- This Plan, This Incentive Plan refers to the 2026 Restricted Stock Incentive Plan of Shanghai Yutian Guanjia Technology Co., Ltd.
- Restricted Stock refers to the company stock granted to eligible participants under this incentive plan, which is obtained and registered in stages after meeting the corresponding vesting conditions.
- Grant Date refers to the date on which the company grants restricted stock to the eligible participants, which must be a trading day.
- Grant Price refers to the price determined by the company for the eligible participants to obtain company shares when granting restricted stock.
- This Adjustment refers to the company's action of adjusting the grant price according to the arrangements of this incentive plan.
- This Grant, Initial Grant refers to the company's action of initially granting restricted stock to eligible participants according to the arrangements of this incentive plan.