Legal Opinion
Legal Opinion on the Draft 2026 Restricted Stock Incentive Plan of Shenzhen Yibo Technology Co., Ltd.
Guangdong Xinda Law Firm (hereinafter referred to as "Xinda") has been entrusted by Shenzhen Yibo Technology Co., Ltd. (hereinafter referred to as "the Company" or "Yibo Technology") to act as the special legal advisor for the 2026 Restricted Stock Incentive Plan (hereinafter referred to as "this Incentive Plan"). This opinion is issued in accordance with the relevant laws, regulations, and normative documents, including the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Management Measures for Equity Incentives of Listed Companies, and the Listing Rules of the Shenzhen Stock Exchange.
Section 1: Definitions
Unless otherwise specified in context, the following abbreviations have the following specific meanings in this legal opinion:
Note: Some totals in this legal opinion may differ from the direct sum of individual figures due to rounding.
| Abbreviation | Meaning |
|---|---|
| Company, Yibo Technology | Shenzhen Yibo Technology Co., Ltd. |
| This Incentive Plan | Yibo Technology 2026 Restricted Stock Incentive Plan |
| Draft Incentive Plan | Draft of the 2026 Restricted Stock Incentive Plan of Shenzhen Yibo Technology Co., Ltd. |
| Target Stock | Ordinary shares (A shares) of Yibo Technology subject to restrictions that the incentive objects are entitled to acquire or purchase. |
| Restricted Stock | Stocks granted to incentive objects that meet the conditions of this Incentive Plan and are obtained and registered in stages after meeting the corresponding vesting conditions. |
| Assessment Measures | Implementation Assessment Management Measures for the 2026 Restricted Stock Incentive Plan of Shenzhen Yibo Technology Co., Ltd. |
| Company Law | Company Law of the People's Republic of China |
| Securities Law | Securities Law of the People's Republic of China |
| Management Measures | Management Measures for Equity Incentives of Listed Companies |
| Listing Rules | Listing Rules of the Shenzhen Stock Exchange |
| Self-Regulatory Guidelines | Self-Regulatory Guidelines No. 1 for Listed Companies on the Growth Enterprise Market of the Shenzhen Stock Exchange |
| Company Articles | Articles of Association of Shenzhen Yibo Technology Co., Ltd. |
| CSRC | China Securities Regulatory Commission |
| SZSE | Shenzhen Stock Exchange |
| Xinda, this Firm | Guangdong Xinda Law Firm |
| Yuan | Renminbi Yuan |