Translator：Zhang Xiaotong

In February 2023, Landing Law Offices accepted the commission from the listed companies, namely Jin Hong Fashion Group Co., Ltd. (referred to as "Jin Hong Group") and Beijing Kunlun Tech CO.,LTD. (referred to as "Beijing Kunlun Tech."), to provide specialized legal services for their equity incentive plans/employee stock ownership plans. The specific project details are as follows:

Jin Hong Group, with securities code 603518, was founded in 1997 and listed on the main board of the Shanghai Stock Exchange in 2014. The marketing headquarters of Jin Hong Group is located in Shanghai, China. Over the years, the company has consistently adhered to independent research and development and design. It has research and design centers and international operation teams in Shanghai, Nanjing, and Seoul, South Korea. The annual research and development investment exceeds one hundred million yuan, and the annual terminal sales amount to over 4 billion yuan. Jin Hong Group owns several self-owned brands, including the high-end boutique brand "Yuan Xian" with distinct Chinese cultural elements, the international brand "VGRASS STUDIO" that combines Chinese cultural connotations with international fashion perspectives, the leading high-end women's wear brand "VGRASS," and the iconic brand "TEENIE WEENIE" positioned in the mid-to-high-end new retro school style, forming a pyramid-shaped three-dimensional brand matrix. The company's product range includes men's wear, women's wear, children's wear, accessories, and more, catering to diverse and individualized consumer demands.

Beijing Kunlun Tech, with securities code 300418, was established in March 2008 and was listed on the ChiNext board of the Shenzhen Stock Exchange on January 21, 2015. As a leading Chinese internet platform enterprise for global expansion, Beijing Kunlun Tech CO.,LTD. has gradually established five major businesses worldwide: overseas information distribution and the metaverse platform Opera, overseas social and entertainment platform StarX, global mobile gaming platform Ark Games, leisure and entertainment platform Xi'an Entertainment, and investment sectors. Its market presence spans China, Southeast Asia, Africa, the Middle East, North America, South America, Europe, and other regions, providing global internet users with information and services in social, news, entertainment, and more. As of the first half of 2022, the average monthly active users worldwide have approached 400 million, with overseas revenue accounting for 75%. Beijing Kunlun Tech CO.,LTD.'s business and subsidiaries have expanded to countries including the United States, Russia, Japan, South Korea, India, as well as Europe, Africa, Southeast Asia, and other regions.

Led by Lawyer Zhang Xiaoying, the legal team thoroughly examined and verified relevant matters concerning the 2023 equity incentive plans/employee stock ownership plans of Jin Hong Group and Beijing Kunlun Tech CO.,LTD. in accordance with relevant laws and regulations, providing legal opinions for various stages of the equity incentive plans/employee stock ownership plans. With their diligent attitude, professional knowledge, and rich practical experience, they have gained the trust and full recognition of the clients.