Grandall Law Firm (Shenzhen)
Regarding
Chongqing Millison Technologies Co., Ltd.
2025 Private Placement of A-Shares
Legal Opinion
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Address: 24DE, 31DE, 41-42F, Special Zone Press Tower, 6008 Shennan Avenue, Shenzhen, Guangdong Province 518034, China
Tel: (+86)(755) 8351 5666
Fax: (+86)(755) 8351 5333
Website: http://www.grandall.com.cn
Date: June 2026
Table of Contents
Definitions 2
Section 1 Statement Matters 7
Section 2 Main Text 9
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Approval and Authorization of the Issuance 9
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Issuer's Qualifications for the Issuance 10
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Substantive Conditions for the Issuance 12
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Establishment of the Issuer 15
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Independence of the Issuer 16
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Major Shareholders and Actual Controller of the Issuer 18
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Share Capital and Its Evolution 19
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Issuer's Business 19
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Related Party Transactions and Horizontal Competition 20
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Issuer's Major Assets 21
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Issuer's Major Creditor Rights and Debts 24
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Issuer's Major Asset Changes, Acquisitions, and Mergers 25
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Formulation and Amendment of the Issuer's Articles of Association 25
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Rules of Procedure and Standardized Operation of Shareholders' Meeting, Board of Directors, and Board of Supervisors 26
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Issuer's Directors, Supervisors, Senior Management, and Their Changes 26
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Issuer's Taxation 26
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Issuer's Environmental Protection, Product Quality, and Technical Standards 27
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Use of Proceeds by the Issuer 27
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Issuer's Business Development Goals 28
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Litigation, Arbitration, or Administrative Penalties 28
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Evaluation of Legal Risks in the Issuer's Prospectus 29
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Conclusion 30
Section 3 Signature Page 31
Definitions
Unless otherwise specified, the relevant terms in this legal opinion have the following specific meanings: