Legal Opinion on the Compensation Shares for Performance Commitment Obligors Related to the Issuance of Shares and Convertible Bonds by Anhui Fulede Technology Development Co., Ltd.

Ferrotec (An Hui) Technology Development Co., Ltd.·June 5, 2026·11 pages

✨ AI Summary

This legal opinion addresses the compensation shares related to the performance commitments of Shanghai Shenhe Investment Co., Ltd. following the acquisition of 100% of Jiangsu Fulehua Semiconductor Technology Co., Ltd. The performance commitments for 2025-2027 were not met, leading to a required compensation of 63,070,203 shares. The repurchase price for these shares is set at 1.00 yuan each, following approval from the company's board and shareholders.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Legal Opinion

Introduction

This legal opinion is issued by Allbright Law Offices regarding Anhui Fulede Technology Development Co., Ltd. (hereinafter referred to as "the Company" or "Fulede"). The law firm has been entrusted by the Company to act as the special legal advisor for the issuance of shares and convertible bonds to purchase assets and raise supporting funds, as well as related transactions (hereinafter referred to as "this major asset restructuring"). This opinion addresses the repurchase and cancellation of shares obtained by performance commitment obligors due to the failure to meet performance commitments.

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.