Core Viewpoint - The legal opinion issued by Grandall Law Firm (Shanghai) confirms the compliance of Hanhigh Group Co., Ltd.'s strategic placement of shares during its initial public offering (IPO) with relevant regulations and standards [1][10][19] Group 1: Strategic Investor Overview - The strategic investors for Hanhigh Group's IPO include senior management and core employees participating through a special asset management plan named "Guotai Junan Junxiang Hanhigh Group No. 1 Strategic Placement Collective Asset Management Plan" [4][9] - The total number of shares allocated for this strategic placement is 4,001,000 shares, representing 10% of the total shares issued in the IPO, with a maximum subscription amount of 75 million yuan [13][14] Group 2: Compliance and Legal Framework - The legal opinion is based on the Securities Law, Management Measures, Registration Measures, Implementation Rules, and other relevant regulations, ensuring that the strategic investors meet the selection criteria and qualifications [2][10][16] - The asset management plan has been legally established and registered with the China Securities Investment Fund Industry Association, complying with the regulations set forth by the China Securities Regulatory Commission [10][17] Group 3: Investor Selection and Funding Sources - The selection criteria for strategic investors include strong financial capability and recognition of the issuer's long-term investment value, with all participating investors being senior management or core employees of Hanhigh Group [15][16] - The funds used for the investment in the strategic placement come from the personal assets of the participants, ensuring no improper benefits are transferred between the investors and the issuer [11][17] Group 4: Strategic Placement Agreement - A strategic placement agreement has been signed between the issuer and the selected investors, detailing subscription amounts, payment terms, and rights and obligations of both parties [18][19] - The agreement complies with the Civil Code of the People's Republic of China and other legal requirements, ensuring its legality and effectiveness [19]

Core Viewpoint - The legal opinion letter from Allbright Law Offices confirms the compliance of Shandong SD Electric Power Technology Co., Ltd.'s strategic placement of investors in its initial public offering (IPO) on the ChiNext board, ensuring adherence to relevant laws and regulations [1][2][10]. Group 1: Legal Framework and Compliance - The legal opinion is based on various laws and regulations, including the Company Law and Securities Law of the People's Republic of China, ensuring that the strategic placement of investors is conducted in accordance with legal standards [2][3]. - The law firm asserts that the documents and information provided by the involved parties are true, accurate, and complete, with no omissions or misleading statements [3][4]. Group 2: Investor Participation Details - The strategic placement involves the "Xingzheng Asset Management Xinzong Shanda Electric Power No. 1 Employee Strategic Placement Collective Asset Management Plan," which is managed by Xingzheng Securities Asset Management Co., Ltd. [4][6]. - The asset management plan was established specifically for the participation of senior management and core employees of the issuer, qualifying it for the strategic placement [6][9]. Group 3: Financial Commitments and Agreements - The total amount committed by the employee asset management plan for the strategic placement does not exceed 59.7 million yuan, with a maximum of 4.072 million shares to be acquired [9][10]. - The asset management plan has a lock-up period of 12 months from the date of the IPO, during which the acquired shares cannot be sold [9][10]. Group 4: Compliance with Selection Standards - The selection criteria for investors participating in the strategic placement align with the regulations set forth in the Management Measures and Implementation Rules, confirming the legitimacy of the investor's participation [10][11]. - The legal opinion concludes that there are no prohibited circumstances as outlined in the Implementation Rules regarding the allocation of securities to the participating investors [11].