Translator：Jiang Wenyu

First Issue

Shanghai Landing Law Offices                                     February 16, 2022

Landing Lawyers Issued Legal Opinion Letters for the Equity Incentive Plans/Employee Shareholding Plans of 13 Listed Companies, Including Appotronics Corporation Ltd.

To date, the legal team led by Senior Partner Zhang Xiaoying and Xu Xinjian from Shanghai Landing Law Offices has been entrusted by 13 listed companies, including Appotronics Corporation Ltd. and Huachen Precision Equipment (Kunshan) Co., Ltd.to provide specialized legal services for their equity incentive plans/employee shareholding plans. Among them, there are 3 companies listed on the main board of the Shanghai Stock Exchange, 1 company listed on the SME board of the Shenzhen Stock Exchange, 4 companies listed on the Science and Technology Innovation Board, and 5 companies listed on the Growth Enterprise Market. The specific project information (in chronological order) is as follows:

Appotronics Corporation Ltd.（referred to as " Appotronics "）, a company listed on the Science and Technology Innovation Board (Stock Code: 688007), is a world-leading laser display technology enterprise with original technology, core patents, and core device R&D and manufacturing capabilities. It is the first batch of listed companies on the Science and Technology Innovation Board, the first stock in Guangdong and the first stock in the laser display industry on the Science and Technology Innovation Board. Appotronics headquarters and R&D center is located in Shenzhen, professional talents cover optics, electronics, materials, physics, mechanical design, precision manufacturing and other fields, forming an international scientific research team with the strongest comprehensive R&D strength in the field of laser display.
 

Huachen Precision Equipment (Kunshan) Co., Ltd. (referred to as "Huachen Equipment"), a company listed on the GEM board (Stock Code: 300809). It is a solution provider for the research, development, manufacturing, and service of precision grinding equipment. Huachen Equipment is a leading enterprise in the field of CNC roll grinding machines in China. It has been recognized as a "Little Giant" enterprise in the field of specialized, new, and high-precision industries by the Ministry of Industry and Information Technology of China, as well as a "Little Giant" enterprise in Jiangsu Province. It is also a high-tech enterprise, an implementation unit of Jiangsu Provincial Science and Technology Plan projects, a demonstration enterprise for the integration of information technology and industrialization in Jiangsu Province, and a post-doctoral innovation practice base in Jiangsu Province. Additionally, it is a key enterprise research and development institution in Jiangsu Province. Its technology center has been recognized as the Enterprise Technology Center of Jiangsu Province and the Jiangsu Provincial Engineering Research Center for High-Speed Precision Grinding.

Semiconductor Manufacturing International Corporation (referred to as "SMIC"), a company listed on the Science and Technology Innovation Board (stock code: 688981), a company listed on the Hong Kong Stock Exchange (stock code: 00981), is one of the world's leading integrated circuits (IC) foundry companies. It is also the largest and most advanced IC foundry enterprise in mainland China, providing comprehensive IC foundry and related services for various technology nodes ranging from 0.35 micrometers to 14 nanometers and different process platforms. Headquartered in Shanghai, SMIC has a global manufacturing and service base. SMIC also has marketing offices and customer service in the United States, Europe, Japan and Taiwan, as well as a representative office in Hong Kong, China.

Infovision Optoelectronics (Kunshan) Co., Ltd. (referred to as " IVO ") is a listed company on the Science and Technology Innovation Board (stock code: 688055). It is controlled by Kunshan State-owned Assets and has become a well-known domestic manufacturer of thin-film transistor liquid crystal display panels (TFT-LCD). The company is primarily engaged in the research, development, production, and sales of TFT-LCD panels, which are mainly used in terminal products such as laptops, mobile phones, automotive displays, and industrial control display systems. As one of the first companies in China to invest in TFT-LCD production lines, IVO continues to focus on the small and medium-sized display market, with a particular emphasis on the consumer display market represented by laptops and mobile phones. Additionally, it actively expands its presence in professional display markets, such as automotive displays and industrial control displays.
     
Shanghai Weaver Network Co.,Ltd. ( referred to as " Weaver Network ") , a company listed on the main board of the Shanghai Stock Exchange (stock code: 603039) ,headquartered in Shanghai, focuses on the field of collaborative management software and helps organizations build a unified digital office platform. Over the past 21 years, Weaver Network has successfully helped more than 60,000 government agencies, enterprises and institutions across the country to build mobile office platforms; At present, it has more than 200 branches in the country, and has gradually set up service outlets in Singapore and other overseas regions, and more than 9,000 professional members of Weaver Network provide on-site service support for many customers. The collaborative management software product series with independent intellectual property rights includes: e-cology, a platform product for large and medium-sized enterprises, e-office, an application product for small and medium-sized enterprises, e-teams, an integrated mobile office cloud OA platform, e-nation, a digital government office platform for government units, and an electronic signature and printing control platform.
 

Shenzhen Tongyi Industrial Co., Ltd. (referred to as " Tongyi Shares"), a company listed on the Growth Enterprise Market (stock code: 300538), is an integrated solution provider for the supply chain of high-end new materials and electronic materials. Company’s main products are high-end chemical and electronic materials, which are mainly used in parts, functional parts, structural parts or appearance parts of brand customer products in the fields of mobile phones and mobile terminals, consumer electronics, smart home appliances, automobiles, new energy, 5G industry, chips and display panels. At present, the raw material factories of Tongyi Co., Ltd. include world-renowned enterprises such as Celanese of the United States, Lotte Chemical of South Korea, Samsung SDI of South Korea, Wanhua Chemical, Teijin Limited, Doosan of South Korea, China Star Optoelectronics Technology, Yuantai of Taiwan and Yili of Taiwan. service are all leading enterprises in various industries, including Huawei, Xiaomi, VIVO, OPPO, ZTE, Philips, BYD, Foxconn, Xinli Optoelectronics, China Display Optoelectronic, iFLYTEK, Jiuyang, Changhong, CRRC, Geely, GAC, etc.

Quick Intelligent Equipment Co., Ltd. (referred to as "Quick Shares") is a listed company on the Shanghai Stock Exchange (stock code: 603203). The company is dedicated to the research and development of precision electronic welding technology and continuous innovation. It currently possesses core process technologies such as precision welding, adhesive coating, automatic locking, and machine vision. With 28 years of industry experience, Quick has developed a series of products including desktop specialized equipment, intelligent automation equipment, and flexible assembly production lines. The company is a well-known high-tech enterprise in the industry and has been recognized as the Jiangsu Province Soldering Automation Engineering Technology Research Center and Jiangsu Province Enterprise Technology Center. It was also listed as one of the Top 100 Chinese Intelligent Manufacturing Enterprises in 2017. Additionally, Quick is a member of the China Electronic Production Equipment Industry Association, China Robot Industry Alliance, and a demonstration enterprise for the integration of information technology and industrialization in Jiangsu Province.

Guangzhou Tinci Materials Technology Co., Ltd. (referred to as "Tinci Materials") is a listed company on the Shenzhen Stock Exchange's SME Board (stock code: 002709). The company has been committed to the R&D, production and sales of new fine chemical materials, currently has two business segments: lithium-ion battery materials, daily chemical materials and specialty chemicals, with independent intellectual property rights, core technologies and independent brands. Tinci Materials is a national high-tech enterprise, Guangdong innovative enterprise, Guangdong excellent private science and technology enterprise, Guangdong intellectual property advantage enterprise, Guangdong small and medium-sized enterprise innovation industrialization demonstration base, Guangdong strategic emerging industry cultivation enterprise, Top 100 Independent Innovation Enterprises in Guangdong Province. Tinci Materials has National Enterprise Technology Center, Academician Workstation, Postdoctoral Research Station, Guangdong Fine Chemical Materials Engineering Technology Research And Development Center, Guangdong Enterprise Technology Center, Jiangxi Enterprise Technology Center, Guangdong R&D Center Of Fine Chemical Materials Engineering Technology, Guangdong Lib Electrolyte Materials Engineering Lab, have the international competitiveness overall capability of R&D, production and sales of fine chemicals.

OPT Machine Vision Tech Co., Ltd. (referred to as "OPT") is a listed company on the Science and Technology Innovation Board (stock code: 688686). It is engaged in the research, development, production, and sales of machine vision equipment and is currently a leading enterprise in the machine vision industry in China. The company has been recognized as a private technology enterprise in Guangdong Province. OPT provides a complete set of machine vision inspection, measurement solutions, and related supporting facilities for domestic and international customers. Its main products include a series of inspection equipment, measurement equipment, positioning equipment, classification equipment, and vision robot series, totaling more than 200 types of industrial vision equipment and supporting products. These products are widely used in industries such as electronic circuits, integrated circuits, instruments, printed circuits, computer manufacturing, mobile communications, automotive parts, precision instruments, construction materials, clothing and apparel, urban lighting, jewelry, handicrafts, printing and plate making, and more.

Zhejiang Cayi Vacuum Container Co., Ltd. (hereinafter referred to as the “Cayi Shares”) is a listed company on the Growth Enterprise Market (stock code: 301004). The company’s main business is the R&D, design, manufacture and sales of various beverage and food containers of different materials. The main products include stainless steel vacuum insulation utensils (vacuum flask, vacuum bottle, food jar, travel bottle, sports bottle, digital bottle, etc.), stainless steel utensils, plastic utensils (PP, AS, Tritan, etc.), glassware and other new materials for daily beverages and food containers. Over the years, the company has successively won various awards and honors such as Zhejiang Manufacturing, Jinhua Government Quality Award, Jinhua Trademark Brand Demonstration Enterprise, Municipal Invisible Champion Enterprise, Zhejiang Famous Hardware, Zhejiang Export Famous Brand and so on.

Maxscend Microelectronics Co., Ltd. (referred to as "Maxscend") is a listed company on the Growth Enterprise Market (stock code: 300782). The company specializes in research, development, and sales in the field of radio frequency integrated circuits (RFIC). It mainly provides RF front-end discrete components and various module products to the market, including RF switches, RF low-noise amplifiers, RF filters, RF power amplifiers, and also offers low-power Bluetooth microcontroller chips to external customers. The company has research and development or sales centers in Wuxi, Beijing, Shanghai, Suzhou, Shenzhen, Chengdu, Chongqing, the United States, and South Korea, forming an efficient business synergy network. The RF front-end discrete components and RF module products are mainly used in mobile smart terminal products such as smartphones, with customers covering major Android smartphone manufacturers worldwide. They can also be applied in areas such as smart wearables, communication base stations, automotive electronics, unmanned aircraft, Bluetooth headphones, and network devices that require wireless connectivity. The low-power Bluetooth microcontroller chips are mainly used in electronic products such as smart homes and wearable devices.

Kunlun Tech Co., Ltd. (referred to as "Kunlun") is a listed company on the Growth Enterprise Market (stock code: 300418). As a globally leading internet platform company, Kunlun has gradually formed five major businesses worldwide, including the StarX voice social platform, the Opera social information distribution platform, the Ark Games UGC gaming platform, the Xianlai Entertainment competitive entertainment platform, and the investment sector. Its market presence extends to China, Southeast Asia, Africa, the Middle East, North America, South America, Europe, and other regions and it provides social, informational, and entertainment services to global internet users. As of the end of June 2021, Kunlun had nearly 450 million monthly active users, with over 90% of users coming from overseas. Kunlun was listed on the Growth Enterprise Market in 2015, and its global workforce has grown to over 4,000 employees. The company's businesses and subsidiaries have expanded to the United States, Russia, Japan, South Korea, India, as well as other countries in Europe, Africa, and Southeast Asia.

Jinhong Fashion Group Co., Ltd. (referred to as "Jinhong Fashion Group") was founded in 1997 and listed on the main board of the Shanghai Stock Exchange in 2014 with the stock code 603518. The marketing headquarters of Jinhong Group is located in Shanghai, China. Over the years, the company has always 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 hundreds of millions of yuan, and the annual terminal sales amount to over 4 billion yuan. Jinhong Group owns multiple proprietary brands, including the high-end boutique brand "Yuan Xian" with Chinese cultural elements, the international brand "VGRASS STUDIO" with a combination of Chinese cultural connotations and international fashion vision, the leading high-end women's wear brand "VGRASS," and the iconic brand "TEENIE WEENIE" with a new retro college style positioning in the mid-to-high-end market. It has formed a pyramid-shaped three-dimensional brand matrix layout. Its products include men's wear, women's wear, children's wear, accessories, etc., to meet the diverse, diversified, and personalized needs of consumers.

Zhang Xiaoying and Xu Xinjian, along with their team, have conducted thorough inspections and verifications of relevant matters related to equity incentive plans/employee shareholding plans in accordance with relevant laws and regulations, as well as the recognized business standards, ethical norms, and diligent and responsible spirit of the legal profession. They have provided legal opinions at various stages of the company's equity incentive plans/employee shareholding plans. With their diligent attitude, professional knowledge, and rich practical experience, they have gained the trust and full recognition of their clients.