Linuo Pharmaceutical Packets: Beijing Zhonglun Law Firm’s Legal Opinion on the First Extraordinary Shareholders’ Meeting of Shandong Linuo Pharmaceutical Packaging Co., Ltd. in 2026
Beijing Zhonglun Law Firm
About the first extraordinary shareholders’ meeting of Shandong Linuo Pharmaceutical Packaging Co., Ltd. in 2026
legal opinion
January 2026
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Beijing Zhonglun Law Firm
About Shandong Linuo Pharmaceutical Packaging Co., Ltd.
The first extraordinary shareholders’ meeting in 2026
legal opinion
To: Shandong Linuo Pharmaceutical Packaging Co., Ltd.
Beijing Zhonglun Law Firm (hereinafter referred to as the "firm"), as the perennial legal counsel of Shandong Linuo Pharmaceutical Packaging Co., Ltd. (hereinafter referred to as the "company"), was entrusted by the company to appoint lawyers to attend the company's first extraordinary shareholders' meeting in 2026 (hereinafter referred to as the "shareholders' meeting"). In accordance with the Company Law of the People's Republic of China (hereinafter referred to as the "Company Law"), the Securities Law of the People's Republic of China (hereinafter referred to as the "Securities Law"), the Rules of Shareholders' Meetings of Listed Companies (hereinafter referred to as the "Shareholders' Meeting Rules") and other relevant laws, regulations, normative documents and the Articles of Association of Shandong Linuo Pharmaceutical Packaging Co., Ltd. (hereinafter referred to as the "Articles of Association"), we witnessed and issued legal opinions on this shareholders' meeting.
In order to issue this legal opinion, our lawyers reviewed the relevant documents and materials of the company's shareholders' meeting. Our lawyers have received the following guarantee from the company, that is, they have provided the materials that our lawyers believe are necessary to issue this legal opinion. The original materials, copies, photocopies and other materials, and oral testimony provided are all true, accurate and complete, and the relevant copies, photocopies and other materials are consistent with the original materials.
In this legal opinion, our lawyers are only responsible for the convening, convening procedures, and attendance of this shareholders’ meeting.
The legal opinion expresses opinions on the qualifications of the shareholders' meeting members and conveners, the voting procedures and voting results of the meeting, and whether they comply with the "Company Law", "Shareholders' Meeting Rules" and other laws, regulations, normative documents, and the relevant provisions of the "Articles of Association". It does not express opinions on the content of the motions reviewed at the meeting and the authenticity and accuracy of the facts or data expressed in such motions.
This legal opinion is only used for the legality of matters related to the company's shareholders' meeting and may not be used for any other purpose.
In accordance with the recognized business standards, ethics and diligence of the legal industry, our lawyers have verified and verified the relevant documents and facts provided by the company, and now issue the following legal opinions:
1. Convening and convening procedures of this shareholders’ meeting
(1) Procedure for convening this shareholders’ meeting
On December 23, 2025, the 17th meeting of the company’s fourth board of directors reviewed and approved the “Proposal on Convening the Company’s First Extraordinary Shareholders’ Meeting in 2026”.
According to the resolution of the 17th meeting of the company's fourth board of directors, on December 24, 2025, the company published the "Notice of Shandong Linuo Pharmaceutical Packaging Co., Ltd. on convening the first extraordinary shareholders' meeting in 2026" in the form of an announcement in the designated information disclosure media. Accordingly, the company's board of directors has notified shareholders in the form of an announcement 15 days before the meeting. The content of the meeting notice complies with the relevant provisions of the "Company Law", "Shareholders' Meeting Rules" and other laws, regulations, normative documents and the "Articles of Association".
Based on this, our lawyers believe that the convening procedure of this shareholders’ meeting complies with the relevant laws, regulations, normative documents such as the Company Law, the Rules of Shareholders’ Meetings, and the Articles of Association. This shareholders' meeting was convened by the company's board of directors, and the convener's qualifications are legal and valid.
(2) Procedures for convening this shareholders’ meeting
The on-site shareholders' meeting will be held at 15:00 on January 9, 2026 (Friday) in the conference room of Shandong Linuo Pharmaceutical Packaging Co., Ltd., the government residence of Yuhuangmiao Town, Shanghe County, Jinan City, Shandong Province.
After verification, the online voting for this shareholders’ meeting passed the Shenzhen Stock Exchange trading system and the Internet.
Voting on legal opinions will be conducted through a system. Among them, the specific time for online voting through the Shenzhen Stock Exchange’s trading system is: January 9, 2026, 9:15-9:25, 9:30-11:30, 13:00-15:00; the specific time for voting through the Shenzhen Stock Exchange’s Internet voting system is: January 9, 2026, 9:15-15:00.
Based on this, our lawyers believe that the procedures for convening this shareholders' meeting comply with the relevant provisions of the "Company Law", "Shareholders' Meeting Rules" and other laws, regulations, normative documents and the "Articles of Association".
2. Qualifications of persons and conveners attending this shareholders’ meeting
(1) Shareholders and shareholders’ agents
The equity registration date for this shareholders’ meeting is January 5, 2026. After inspection, a total of 0 shareholders and shareholders' agents attended the company's on-site shareholders' meeting.
According to data provided by Shenzhen Securities Information Co., Ltd., a total of 131 shareholders voted directly through the online voting system within the effective time, representing 109,000,905 shares, accounting for 47.1896% of the company's total voting shares (excluding repurchased shares). Our lawyers are unable to verify the qualifications of shareholders who vote online. On the premise that the qualifications of shareholders participating in online voting are in compliance with laws, administrative regulations, normative provisions and the Articles of Association, the relevant shareholders attending the meeting are qualified.
A total of 131 shareholders and shareholders' proxies attended the shareholders' meeting on-site and online, representing 109,000,905 shares of the company with voting rights, accounting for 47.1896% of the company's total shares with voting rights.
(2) Directors, senior managers and other personnel
Chairman Mr. Song Lai presided over this shareholders' meeting. The company's directors and senior managers attended or participated in this shareholders' meeting on site or through communication, and our firm witnessed that lawyers attended this shareholders' meeting.
(3) Convener
This shareholders' meeting was convened by the company's board of directors, and the convener's qualifications are legal and valid.
Accordingly, our lawyers believe that the qualifications of the persons attending this shareholders’ meeting and the convener of this shareholders’ meeting are in compliance with the Company Law, Securities Law, Rules of Shareholders’ Meetings and other laws, regulations, normative documents and the Articles of Association.
Relevant provisions of legal opinions.
3. Voting procedures and results of this shareholders’ meeting
It has been witnessed that the proposals reviewed at this shareholders' meeting are consistent with the content stated in the company's relevant announcements. This shareholders' meeting did not vote on matters not listed in the relevant announcements, and there were no changes to the original proposals or new proposals. The company's on-site shareholders' meeting voted on the matters listed in the announcement by registered ballot, and counted, monitored and counted votes in accordance with the procedures stipulated in the Articles of Association.
After verification, the company provides shareholders with an online voting platform through the Shenzhen Stock Exchange trading system and Internet voting system. After the online voting ended, Shenzhen Securities Information Co., Ltd. provided the company with statistical data on the total number of voting rights and voting results participating in the online voting of this shareholders' meeting.
According to the requirements of the "Rules for Shareholders' Meetings of Listed Companies", the resolutions reviewed by this shareholders' meeting involve major matters that affect the interests of small and medium-sized investors. The company will separately count the voting results of small and medium-sized investors and disclose them.
It has been verified that after the voting at this shareholders’ meeting, the company’s combined on-site voting and online voting results are as follows:
- "Proposal on the Company's Estimated Daily Related Transactions in 2026"
19,104,644 shares were approved, accounting for 99.3055% of the total number of shares with valid voting rights present at this shareholders' meeting; 96,500 shares were opposed, accounting for 0.5016% of the total number of shares with valid voting rights present at this shareholders' meeting; 37,100 shares were abstained (of which 0 shares were abstained by default due to non-voting), accounting for 0.1928% of the total number of shares with valid voting rights present at this shareholders' meeting.
Among them, the voting results of small and medium-sized investors: 6,218,350 shares were approved, accounting for 97.8967% of the total number of shares with valid voting rights of small and medium-sized shareholders attending this shareholders' meeting; 96,500 shares were opposed, accounting for 1.5192% of the total number of shares with valid voting rights of small and medium-sized shareholders attending this shareholders' meeting; 37,100 abstentions shares (of which 0 shares abstained by default due to non-voting), accounting for 0.5841% of the total number of shares with valid voting rights for small and medium-sized shareholders attending this shareholders’ meeting.
Regarding the review of this proposal, related shareholders Linuo Investment Holding Group Co., Ltd. and Jinan Hongdao New Energy Partnership (Limited Partnership) abstained from voting.
legal opinion
Review results: The proposal was passed by more than half of the total number of voting shares held by shareholders and proxies of shareholders who attended the meeting.
- "Proposal on Formulating the "Remuneration Management System for Directors and Senior Management Personnel"
108,850,805 shares were approved, accounting for 99.8623% of the total number of shares with valid voting rights present at this shareholders' meeting; 99,300 shares were opposed, accounting for 0.0911% of the total number of shares with valid voting rights present at this shareholders' meeting; 50,800 shares were abstained (of which 0 shares were abstained by default due to non-voting), accounting for 0.0466% of the total number of shares with valid voting rights present at this shareholders' meeting.
Among them, the voting results of small and medium-sized investors: 6,201,850 shares were approved, accounting for 97.6369% of the total number of shares with valid voting rights of small and medium-sized shareholders attending this shareholders’ meeting; 99,300 shares were opposed, accounting for 1.5633% of the total number of shares with valid voting rights of small and medium-sized shareholders attending this shareholders’ meeting; 50,800 abstained. shares (of which 0 shares abstained by default due to non-voting), accounting for 0.7998% of the total number of shares with valid voting rights for small and medium-sized shareholders attending this shareholders’ meeting.
Review results: The proposal was passed by more than half of the total number of voting shares held by shareholders and proxies of shareholders who attended the meeting.
4. Conclusions
To sum up, our lawyers believe that the convening and convening procedures of the company's shareholders' meeting, the qualifications of the attendees and conveners, and the voting procedures of the meeting are all in compliance with the relevant provisions of the "Company Law", "Shareholders' Meeting Rules" and other laws, regulations, normative documents and the "Articles of Association", and the voting results are legal and valid.
This legal opinion is made in duplicate and will take effect after being signed by the witness lawyer and the person in charge of the firm and stamped by the firm.
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Legal Opinion (This page is the signature page of "Beijing Zhonglun Law Firm's Legal Opinion on the First Extraordinary Shareholders Meeting of Shandong Linuo Pharmaceutical Packaging Co., Ltd. in 2026")
Beijing Zhonglun Law Firm (stamped)
Person in charge: Handling lawyer:
Zhang Xuebing Tang Shiyong
Handling lawyer:
Kuang Yanjun
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