Legal Opinion from Grandall Law Firm (Beijing) on the Cancellation of Certain Granted but Unvested Restricted Stocks of Hongrid Technology Co., Ltd. in 2023
Definitions
In this legal opinion, unless otherwise specified, the following terms have the meanings set forth below:
- Hongrid, Company refers to Hongrid Technology Co., Ltd.
- 2023 Restricted Stock Incentive Plan, this incentive plan refers to Hongrid Technology Co., Ltd.'s 2023 Restricted Stock Incentive Plan.
- Draft of the Incentive Plan refers to the "Draft of Hongrid Technology Co., Ltd. 2023 Restricted Stock Incentive Plan."
- Assessment Management Measures refer to the "Implementation Assessment Management Measures of Hongrid Technology Co., Ltd. 2023 Restricted Stock Incentive Plan."
- This Cancellation refers to the cancellation of certain granted but unvested restricted stocks under the 2023 Restricted Stock Incentive Plan.
- Company Law refers to the "Company Law of the People's Republic of China."
- Securities Law refers to the "Securities Law of the People's Republic of China."
- Management Measures refer to the "Management Measures for Equity Incentives of Listed Companies."
- Articles of Association refer to the "Articles of Association of Hongrid Technology Co., Ltd."
- CSRC refers to the China Securities Regulatory Commission.
- This Firm refers to Grandall Law Firm (Beijing).
Legal Opinion
Grandall Law Firm (Beijing) Legal Opinion No. [2026] 0170
To: Hongrid Technology Co., Ltd.
According to the provisions of the Company Law, Securities Law, Management Measures, and other relevant laws, regulations, and normative documents, as well as the Articles of Association and the Draft of the Incentive Plan, our firm has been entrusted by Hongrid Technology Co., Ltd. to issue this legal opinion regarding the cancellation of certain granted but unvested restricted stocks under the 2023 Restricted Stock Incentive Plan.
In accordance with the recognized business standards, ethical norms, and the spirit of diligence and responsibility in the legal profession, our firm’s lawyers express the following legal opinions based on facts that have occurred or existed prior to the issuance date of this legal opinion:
- Our lawyers have strictly fulfilled their statutory duties, adhered to the principles of diligence and good faith, and have reviewed and assessed all documents, materials, and testimonies related to this legal opinion, ensuring that this legal opinion does not contain false records, misleading statements, or significant omissions.
- The Company and relevant parties have ensured that they have provided our lawyers with the necessary authentic, complete, and valid original written materials, copies, or oral testimonies for issuing this legal opinion, and that the relevant written materials and testimonies are true and valid, with no significant omissions or misleading statements, and that the copies provided are consistent with the originals.
- For facts that are crucial to this legal opinion but cannot be supported by independent evidence, our lawyers rely on certification documents issued by relevant government departments, the Company, or other relevant entities.