YCC(SZ:000878) Zheng Quan Zhi Xing·2025-08-05 16:33Core Viewpoint - The report provides a legal opinion on the stock trading activities of insiders related to Yunnan Copper Co., Ltd. during the self-examination period prior to a significant asset acquisition and fundraising transaction, concluding that no insider trading occurred [2][9]. Group 1: Legal Framework and Procedures - The legal opinion is based on various laws and regulations, including the Securities Law of the People's Republic of China and guidelines for major asset restructuring [2][3]. - The law firm conducted a thorough review of insider trading activities by examining insider registration forms, self-examination reports, and stock change records from the China Securities Depository and Clearing Corporation [2][4]. Group 2: Findings on Individual Stock Trading - During the self-examination period, two individuals, Jiang Hua and Chen Lei, were found to have traded Yunnan Copper shares, with specific transactions detailed [4][7]. - Both individuals declared that their trading activities were based on public market information and personal judgment, asserting no connection to the ongoing transaction [5][6]. Group 3: Findings on Institutional Stock Trading - CITIC Securities was noted to have engaged in stock trading during the self-examination period, with a commitment that their transactions were based solely on publicly available information [7][8]. - The firm emphasized adherence to information isolation management practices to prevent insider trading [8]. Group 4: Conclusion of the Legal Opinion - The law firm concluded that the trading activities of the identified individuals and institutions did not constitute insider trading and posed no legal obstacles to the transaction [9].