AEOLUS(SH:600469) Zheng Quan Zhi Xing·2025-08-17 16:11Core Viewpoint - The legal opinion letter from Beijing Jiayuan Law Firm confirms that Fengshen Tire Co., Ltd. is eligible to issue A-shares to specific investors in compliance with relevant laws and regulations [2][5][21]. Group 1: Issuance Authorization and Approval - The issuance has been authorized and approved according to the requirements of the Company Law and the company's articles of association, ensuring that the relevant resolutions are legal and effective [7][21]. - The issuance is directed towards specific investors and does not involve public solicitation, aligning with the Securities Law [8][12]. Group 2: Issuance Conditions - The issuance meets the conditions set forth in the Company Law, including that each share has the same rights and the issuance price is not lower than the par value [7][8]. - The issuance complies with the Registration Management Measures, with no changes in the use of previously raised funds and no significant issues in the financial reports audited by Yongcheng [9][10]. Group 3: Company Structure and Control - The major shareholder, China National Chemical Corporation, holds 57.50% of the shares, and the actual controller is the State-owned Assets Supervision and Administration Commission, ensuring that the control of the company remains unchanged post-issuance [10][16]. - The company has not engaged in significant illegal activities that would harm the interests of investors or the public in the last three years [10][14]. Group 4: Fund Utilization - The funds raised will be used for the high-performance giant engineering radial tire expansion project, which aligns with the company's main business and complies with national industrial policies [11][20]. - The project has received necessary approvals from relevant authorities, ensuring compliance with environmental and land management laws [11][20]. Group 5: Legal Compliance and Risk Management - The company has confirmed that there are no significant legal risks or pending litigation that could adversely affect the issuance [20][21]. - The legal opinion emphasizes that the issuance will not lead to any significant adverse effects on the company's operations or its independence [20][21].