Legal Opinion of Sundial Law Firm Regarding Jiangxi Well-go Electronic Co., Ltd.'s Adjustment of the 2025 Restricted Stock Incentive Plan Grant Price and Number, and Cancellation of Partially Granted Unvested Restricted Stocks
Section 1 Lawyer's Statement
I. This legal opinion is issued by Sundial Law Firm based on facts that occurred or existed prior to the issuance date, in accordance with relevant Chinese laws, regulations, and rules. It does not express opinions on facts or laws outside of any Chinese jurisdiction.
II. Sundial Law Firm does not provide opinions on accounting, auditing, capital verification, asset appraisal, or other professional matters. Any data or conclusions from financial statements, audit reports, or capital verification reports cited in this legal opinion do not constitute any express or implied guarantee by Sundial Law Firm regarding the truthfulness and accuracy of such data or conclusions.
III. For facts crucial to the issuance of this legal opinion that cannot be independently verified, Sundial Law Firm has obtained documentary evidence from relevant government departments and written statements and commitments from relevant individuals.
IV. During the investigation, collection, and review process, Sundial Law Firm has received the following assurances from Well-go: The Company has provided Sundial Law Firm with all necessary and authentic original written materials, duplicate materials, photocopies, written statements, or oral testimonies required for the issuance of this legal opinion. When providing documents, the Company has not made any concealment, omission, false statements, or misleading representations. All signatures and seals on the documents provided by the Company are authentic. For duplicate materials or photocopies, all such materials are identical to the originals.
V. In accordance with the Securities Law, the Administrative Measures for Securities Legal Business of Law Firms, and the Practice Rules for Securities Legal Business of Law Firms (Trial), and based on facts that occurred or existed prior to the issuance date of this legal opinion, Sundial Law Firm and its lawyers have strictly fulfilled their statutory duties, adhered to the principles of diligence, prudence, and good faith, conducted thorough verification, and ensured that the facts determined in this legal opinion are true, accurate, and complete. The conclusions expressed are legal and accurate, free from any false statements, misleading representations, or material omissions, and Sundial Law Firm assumes corresponding legal liability.
VI. Sundial Law Firm agrees that this legal opinion will be used as one of the essential legal documents for the Company's implementation of the 2025 Restricted Stock Incentive Plan and will be filed or publicly disclosed along with other materials.
VII. This legal opinion is solely for the purpose of the Company's implementation of the 2025 Restricted Stock Incentive Plan and shall not be used for any other purpose.
Section 2 Main Body
I. Approval and Authorization for the Current Adjustment and Cancellation Matters
(I) On July 24, 2025, the Seventh Meeting of the Second Board of Directors of the Company deliberated and approved the "Proposal on the Draft of the Company's 2025 Restricted Stock Incentive Plan (Draft) and its Summary," the "Proposal on the 2025 Restricted Stock Incentive Plan Performance Appraisal Management Measures," and the "Proposal to Authorize the Board of Directors to Handle Matters Related to the 2025 Restricted Stock Incentive Plan by the General Meeting of Shareholders."
(II) On July 24, 2025, the Seventh Meeting of the Supervisory Board of the Company deliberated and approved the "Proposal on the Draft of the Company's 2025 Restricted Stock Incentive Plan (Draft) and its Summary," the "Proposal on the 2025 Restricted Stock Incentive Plan Performance Appraisal Management Measures," and the "Proposal to Verify the List of Grantees for the 2025 Restricted Stock Incentive Plan."