Core Viewpoint - The legal opinion letter confirms that Shenzhen Xianying Technology Co., Ltd. is eligible to implement its 2025 restricted stock incentive plan, adhering to relevant laws and regulations [4][21][26]. Group 1: Company Overview - Shenzhen Xianying Technology Co., Ltd. was established as a joint-stock company through the overall change of Shenzhen Xianying Electronic Technology Co., Ltd. [5]. - The company is listed on the Shenzhen Stock Exchange with the stock code 301067 and has a unified social credit code of 91440300578820507D [6][7]. Group 2: Incentive Plan Details - The 2025 restricted stock incentive plan was approved by the company's board of directors on July 3, 2025, and includes provisions for the management of the incentive plan [8][21]. - The plan aims to establish a long-term incentive mechanism to attract and retain talent, aligning the interests of shareholders, the company, and employees [9][26]. Group 3: Eligibility and Scope of Incentive Objects - The incentive objects include 29 individuals, such as directors, senior management, and core technical personnel, excluding independent directors and major shareholders [11][23]. - The plan includes one foreign employee, MAO DAN YUN, who plays a significant role in the company's R&D efforts [12]. Group 4: Stock Allocation and Conditions - The plan proposes to grant 890,400 restricted stocks, accounting for approximately 0.92% of the company's total share capital [17]. - The allocation of restricted stocks is detailed, ensuring compliance with regulations regarding the distribution among incentive objects [15][17]. Group 5: Legal Compliance and Procedures - The plan has undergone necessary legal procedures, including board approval and public disclosure requirements, ensuring compliance with the Company Law and Securities Law [21][22]. - The company has committed not to provide financial assistance to incentive objects for acquiring restricted stocks, aligning with regulatory requirements [26].

Core Viewpoint - The company is set to implement a restricted stock incentive plan for 2025, which aims to attract and retain talent while aligning the interests of shareholders, the company, and core team members [1][4]. Group 1: Eligibility and Compliance - The company meets the qualifications to implement the stock incentive plan and does not fall under any prohibitive conditions outlined in relevant laws and regulations [1][3]. - The incentive plan's participants do not include independent directors, supervisors, or shareholders holding more than 5% of the company's shares [1][2]. Group 2: Incentive Plan Details - The plan includes an international participant, Mao Dan yun, who is the Vice President and leads the R&D department, contributing significantly to the company's technological advancements [2]. - The plan's design and review process comply with the relevant laws and regulations, ensuring that the granting and vesting arrangements do not violate any legal provisions [3][4]. Group 3: Benefits of the Incentive Plan - Implementing the restricted stock incentive plan will help establish a long-term incentive mechanism, motivating core management and key personnel, thereby supporting the company's long-term development [4].