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Shanghai Junlan Law Firm's Legal Opinion on the Change of Equity Interest of the Actual Controller and Concerted Parties of Saiwei Times Technology Co., Ltd.

Sailvan Times Co., Ltd.··8 pages

✨ AI Summary

This legal opinion confirms that the change in equity interest of the actual controller and concerted parties of Saiwei Times Technology Co., Ltd. is compliant with relevant laws and regulations. The transaction involved the acquisition of shares by Mr. Chen Wenping and his concerted parties, increasing their control to 61.13%. The disclosure requirements have been met, and the transaction is exempt from making a mandatory offer.

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Full Translation

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Shanghai Junlan Law Firm

Legal Opinion

This firm agrees that this Legal Opinion shall be an essential legal document for the change of equity interest, to be disclosed to the public along with other application materials, and the firm shall bear the corresponding legal responsibility for the issuance of this Legal Opinion.

I. Qualification of the Subject of the Change of Equity Interest

(I) Basic Information of the Subject of the Change of Equity Interest

  1. Basic Information of Mr. Chen Wenping

Mr. Chen Wenping, male, born in May 1977, Chinese nationality, with no permanent residency abroad, ID number 2301031977********.

  1. Xiong'an JunTeng Venture Capital Co., Ltd. (hereinafter referred to as "Xiong'an JunTeng")

According to the current effective "Business License" of Xiong'an JunTeng and verified by the firm's lawyers, as of the date of this Legal Opinion, the basic information of Xiong'an JunTeng is as follows:

NameXiong'an JunTeng Venture Capital Co., Ltd.
Unified Social Credit Code91440300311639151E
Enterprise TypeLimited Liability Company (Natural Person Investment or Holding)
Registered AddressBuilding 3, Unit 1-101, Rongzhi Port Phase II, Jinhu East Road, Rongdong Area, Xiong'an New Area, Hebei Province
Legal RepresentativeChen Wenping
Registered CapitalRMB 30 million
Business TermMarch 2, 2015 to no fixed term
Business ScopeGeneral items: Investment activities with own funds; Venture capital (limited to investment in unlisted companies). (Business activities can be independently carried out according to law with the business license, except for projects subject to approval according to law)
  1. Fujian Saiwei Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Fujian Saiwei")

According to the current effective "Business License" of Fujian Saiwei and verified by the firm's lawyers, as of the date of this Legal Opinion, the basic information of Fujian Saiwei is as follows:

NameFujian Saiwei Enterprise Management Partnership (Limited Partnership)
Unified Social Credit Code91350702MA33CP8N8T
Enterprise TypeLimited Partnership Enterprise
Main Business LocationUnit 201-315, Building 22, Hulian Avenue, Xiamen Area, China (Fujian) Pilot Free Trade Zone (Cultural and Creative Port 1#)
General PartnerChen Wenping
Capital ContributionRMB 30 million
Business TermNovember 13, 2019 to no fixed term
Business ScopeEnterprise management; Enterprise management consulting; Human resource services (excluding labor dispatch); Software development; Information technology consulting services; Enterprise marketing planning; Enterprise registration agency services; Non-securities equity investment and equity investment-related consulting services (excluding those stipulated by laws and regulations). (Business activities can be independently carried out according to law with the business license, except for projects subject to approval by relevant departments)
  1. Xiong'an JunHui Venture Capital Co., Ltd. (hereinafter referred to as "Xiong'an JunHui")

According to the current effective "Business License" of Xiong'an JunHui and verified by the firm's lawyers, as of the date of this Legal Opinion, the basic information of Xiong'an JunHui is as follows:

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