北京观韬（杭州）律师事务所 关于浙江杭可科技股份有限公司 2026 年第一次临时股东会的法律意见书 致：浙江杭可科技股份有限公司 北京观韬（杭州）律师事务所（以下简称"本所"）接受浙江杭可科技股份有限 公司（以下简称"公司"）委托，指派律师出席公司 2026 年第一次临时股东会（以 下简称"本次股东会"），并依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、中国证券监督管理委员会 （以下简称"中国证监会"）发布的《上市公司股东会规则》（以下简称"《股东会 规则》"）、《上市公司治理准则》（以下简称"《治理准则》"）等法律、行政法 规、规范性文件及现行有效的《公司章程》等规定，就本次股东会的召集、召开程序、 出席会议人员资格、召集人资格、会议的表决程序、表决结果等事宜出具法律意见书。 为出具本法律意见书，本所律师出席了公司本次股东会，审查了公司提供的本次 股东会有关文件的原件及复印件，包括但不限于公司召开本次股东会的各项议程及相 关决议等文件，同时听取了公司就有关事实的陈述和说明。 公司已向本所承诺，公司所提供的文件和所作陈述及说明是完整、真实和有效的 ...

Group 1 - The lithium battery industry is entering an accelerated expansion phase, with major companies starting a new round of capital expenditures in 2025, and 2026 is expected to see record-high capex investments [1] - The demand for lithium batteries has consistently exceeded expectations in recent years, leading to order overflow from major manufacturers due to insufficient capacity, with an estimated additional production capacity of nearly 1 TWh expected in 2026 [1] - Major lithium battery manufacturers are currently initiating equipment tenders, with hundreds of GWh of orders already visible, and further orders of around 100 GWh are anticipated [1] Group 2 - Orders for lithium battery equipment have reached new highs, with most equipment manufacturers showing positive year-on-year growth in contract liabilities, and many have surpassed historical peaks [2] - The strong order situation in the lithium battery equipment sector is expected to continue into 2026, although profitability improvements may not be realized until 2026 [2] Group 3 - Progress has been made in the research and development of solid-state batteries, with a shift in focus towards cost reduction and efficiency improvements in equipment, laying the groundwork for future testing of solid-state batteries [3] - Major battery manufacturers are expected to begin constructing pilot lines for solid-state batteries in 2026, which will create additional demand and opportunities for equipment companies [3] Group 4 - Companies to watch in this sector include XianDao Intelligent (300450.SZ), XianHui Technology (688155.SH), LianYing Laser (688518.SH), HaiMuXing (688559.SH), DeLong Laser (688170.SH), ST YiFei (688646.SH), YingHe Technology (300457.SZ), HangKe Technology (688006.SH), and XinYuRen (688573.SH) [4]

Group 1 - Western Gold's controlling shareholder plans to reduce holdings by up to 9.11 million shares, accounting for 1% of total shares, with an expected cash-out of approximately 280 million yuan [1] - Western Gold's stock price increased from a low of 8.83 yuan in 2024 to a high of 36 yuan, representing a 300% increase, while the company reported a 106.2% year-on-year revenue growth and a 168.04% increase in net profit in the last year's third quarter [3] - Similar to Western Gold, Hanke Technology, a leading battery manufacturer, also announced a reduction plan, with its stock price rising from 13.43 yuan to 43.53 yuan, a 224% increase, despite only a 1.87% revenue growth and a 2.59% net profit increase [3] Group 2 - The A-share market recently experienced a slight rebound, with the Shanghai Composite Index rising by 0.29% and the Shenzhen Component Index by 0.09%, while the ChiNext Index fell by 0.7% [5] - The reduction behaviors of shareholders are showing different characteristics in the context of a market style shift towards value sectors, with precious metals and epoxy propylene sectors demonstrating real price increase expectations and performance realization capabilities [5] - Since January 2026, multiple shareholder reduction cases have emerged in the A-share market, indicating a trend where controlling shareholders and those holding more than 5% of shares are reducing their stakes [6] Group 3 - The market closely monitors the reduction actions of controlling shareholders and actual controllers, as they are the most informed about the company's operational status, which can be interpreted as a judgment on the current valuation level [8] - Shareholder reduction reasons vary, including profit-taking at high prices and personal or corporate funding needs, which may not be closely related to the company's fundamentals [8] - When stock prices rise without fundamental support, internal shareholders may reduce holdings to avoid valuation correction risks, indicating the importance of understanding the context of the reduction [8]

Core Viewpoint - The actual controller of Hangke Technology, Cao Zheng, and his concerted action party, Kuan Investment Lucky Star No. 10 Private Securities Investment Fund, plan to reduce their shareholdings in the company, totaling up to 2,579,638 shares, which is approximately 0.4273% of the total share capital [1][2]. Group 1: Shareholding Reduction Plan - Cao Zheng plans to reduce his holdings by no more than 1,079,638 shares, while Kuan Investment Lucky Star plans to reduce by no more than 1,500,000 shares [2]. - Based on the closing price of 33.32 yuan on January 19, the total cash amount Cao Zheng intends to realize is approximately 35.97 million yuan, and Kuan Investment Lucky Star aims for about 49.98 million yuan, totaling approximately 85.95 million yuan [2]. - As of the announcement date, Cao Zheng holds 1,079,638 shares, accounting for 0.1788% of the total share capital, while Kuan Investment Lucky Star holds 1,500,000 shares, accounting for 0.2485% [2]. Group 2: Impact on Company Control - The share reduction by Cao Zheng will not lead to a change in the company's control, and it is stated that there will be no significant impact on the company's ongoing stable operations [2]. Group 3: Previous Share Issuance and Financials - Hangke Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 22, 2019, with an issuance of 41 million shares at a price of 27.43 yuan per share, raising a total of approximately 112.46 million yuan [4]. - The net proceeds from the initial public offering (IPO) amounted to approximately 101.99 million yuan, exceeding the original plan by approximately 47.31 million yuan [4]. - In 2023, Hangke Technology issued Global Depositary Receipts (GDRs) totaling 12,625,697 units, corresponding to 25,251,394 A-shares, raising approximately 1.19 billion yuan [5].

Group 1 - The core point of the news is that Hangke Technology's stock price dropped by 5.16% to 31.60 CNY per share, with a trading volume of 216 million CNY and a turnover rate of 1.11%, resulting in a total market capitalization of 19.076 billion CNY [1] - Hangke Technology, established on November 21, 2011, and listed on July 22, 2019, specializes in the design, research and development, production, and sales of various rechargeable batteries, particularly lithium-ion battery production line post-processing systems [1] - The company's main business revenue composition includes 70.17% from charging and discharging equipment, 28.54% from other equipment, 0.83% from accessories, and 0.47% from other sources [1] Group 2 - Green Fund has one fund heavily invested in Hangke Technology, specifically the Green Carbon Neutral Theme Mixed A Fund (015856), which increased its holdings by 25,400 shares in the third quarter, bringing the total to 49,400 shares, accounting for 7.2% of the fund's net value [2] - The Green Carbon Neutral Theme Mixed A Fund was established on January 18, 2023, with a latest scale of 8.8674 million CNY, achieving a year-to-date return of 11.72% and ranking 781 out of 8,846 in its category, while its one-year return is 74.57%, ranking 637 out of 8,091 [2] - The fund manager, Liu Zan, has been in position for 3 years and 68 days, managing assets totaling 1.145 billion CNY, with the best fund return during his tenure being 89.53% and the worst being 1.02% [3]

Group 1 - On January 19, several companies disclosed share buyback and increase plans, including Hongya CNC, Tianyi Medical, and Aotai Bio [1][4] - Hongya CNC's controlling shareholder plans to increase company shares by 30 million to 60 million yuan [3][6] - Tianyi Medical has received a commitment letter for a 90 million yuan stock repurchase loan from Quanrong Institution [3][6] - Aotai Bio's controlling shareholder and chairman proposed a share repurchase [3][6] Group 2 - A total of 11 A-share listed companies disclosed share reduction plans, including Huning Co., Yiwan Yichuang, and Zhaobiao Co. [1][4] - Huning Co. shareholders plan to reduce their holdings by no more than 1.1972% [7] - Yiwan Yichuang's shareholder Zhang Fan reduced holdings by 2.319427 million shares on January 16 [7] - Zhaobiao Co. shareholders plan to reduce holdings by no more than 0.06% [7] - Meihua Medical shareholders plan to reduce holdings by no more than 2.51% [7] - Wuhan Tianyuan shareholders, including Konka Group and Hongta Innovation, plan to reduce holdings by no more than 2% [7] - Jianglong Shipbuilding's director plans to reduce holdings by no more than 0.6423% [7] - Changying Precision's controlling shareholder plans to reduce holdings by no more than 1% [7] - Hanke Technology's actual controller and concerted actors plan to reduce holdings by no more than 0.43% [7] - Kangqiang Electronics plans to reduce 1.9528 million shares from December 8, 2025, to January 19, 2026 [7] - Top Software's shareholder Aipai Ke plans to reduce holdings by no more than 0.87% [7] - Western Gold's controlling shareholder plans to reduce holdings by no more than 1% [7]

Core Viewpoint - Hangke Technology is committed to providing intelligent, high-precision, safe, and environmentally friendly lithium battery formation, testing, and logistics system solutions for the global new energy industry since its establishment [2] Company Performance and Market Expansion - The company focuses on the design, research and development, production, sales, and service of the lithium battery production backend system [2] - For specific performance and market expansion details, the company refers investors to its periodic reports published on legal disclosure media [2]

Core Viewpoint - Hangke Technology announced a plan for share reduction by its actual controller, Mr. Cao Zheng, and his concerted action party, Shanghai Kuan Investment Asset Management Co., Ltd. [1] Group 1: Shareholding Information - Mr. Cao Zheng directly holds 1,079,638 shares of the company, accounting for 0.1788% of the total share capital, which he acquired before the company's IPO [1] - The concerted action party, Kuan Investment Lucky Star No. 10 Private Securities Investment Fund, holds 1,500,000 shares, representing 0.2485% of the total share capital, acquired through a block trade from Mr. Cao Zheng [1] Group 2: Share Reduction Plan - Mr. Cao Zheng and Kuan Investment Lucky Star plan to reduce their shareholdings by a total of up to 2,579,638 shares, which is not more than 0.4273% of the company's total share capital [1]

Core Viewpoint - Zhejiang Hanke Technology Co., Ltd. announced a plan for share reduction by its actual controller and a related party, indicating potential changes in ownership structure and market sentiment [1] Group 1: Shareholding Information - Mr. Cao Zheng, one of the actual controllers, directly holds approximately 1.08 million unrestricted circulating shares, accounting for 0.1788% of the total share capital [1] - Shanghai Kuan Investment Asset Management Co., Ltd., a concerted action party, holds 1.5 million unrestricted circulating shares, representing 0.2485% of the total share capital, acquired through block trading from Mr. Cao Zheng [1] - The shares held by Mr. Cao Zheng and the related party were released from restrictions and became tradable on July 22, 2022 [1] Group 2: Planned Share Reduction - Mr. Cao Zheng and the related party plan to reduce their holdings by a total of up to approximately 2.58 million shares, which is not more than 0.4273% of the total share capital [1]

Core Viewpoint - The company Hangke Technology (688006) announced a plan for share reduction by its actual controller and associated parties, indicating a potential shift in ownership dynamics [1] Group 1 - The actual controller of the company, Cao Zheng, along with Shanghai Kuan Investment Management Co., Ltd., plans to reduce their holdings by a total of up to 2.5796 million shares [1] - The planned share reduction represents no more than 0.4273% of the company's total share capital [1]