Yuan Cheng Holding(SZ:002692) Zheng Quan Zhi Xing·2025-09-04 16:20Core Viewpoint - The document provides a supplementary legal opinion regarding the issuance of A-shares by Remote Cable Co., Ltd. for the year 2024, confirming compliance with relevant laws and regulations, and detailing the approval and authorization processes for the issuance [1][3]. Summary by Sections Approval and Authorization - The board of directors and shareholders of Remote Cable Co., Ltd. have approved the extension of the validity period for the resolution regarding the issuance of A-shares by 12 months, extending it to July 14, 2026 [4][5]. - The issuance plan remains unchanged aside from the extension of the resolution's validity period [5]. Issuer's Qualification - Remote Cable Co., Ltd. is a legally established joint-stock company with its stock listed on the Shenzhen Stock Exchange, holding a registered capital of 718.146 million RMB [6][7]. - The company is in good standing, with no legal circumstances necessitating dissolution, and its stock continues to trade on the Shenzhen Stock Exchange under the code "002692" [6][7]. Substantial Conditions for Issuance - The issuance of shares complies with the conditions set forth in the Company Law, Securities Law, and relevant regulations, including a share price of 3.22 RMB, which is not lower than the par value [7][10]. - The funds raised from this issuance will be used to supplement working capital, aligning with national industrial policies [10][12]. Shareholder Structure - The major shareholders include Su Xin Investment and its action partner, Lianxin Assets, holding 18.11% and 10.56% of shares, respectively [15][14]. - The document outlines the shareholding structure and confirms that there are no pledges or freezes on the shares held by the controlling shareholders [15][14]. Business Operations - Remote Cable Co., Ltd. holds various operational licenses, including for the manufacturing of wires and cables, and has maintained its business scope without significant changes over the past three years [16][18]. - The company has not engaged in any major illegal activities that would harm investor rights or public interests in the last three years [9][18].