One Exchange Square

8 Connaught Place

T +852 2524 7106 | F +852 2845 9268

conyers.com

DOCUMENTS REVIEWED

a copy of the Registration Statement; and

a copy of the Plan.

the Third Amended and Restated Memorandum and Articles of Association of the Company;

written resolutions of all the directors of the Company dated 19 January 2016 approving, among other things, the adoption of the 2016 Plan, written resolutions of all the directors of the Company dated 26 January 2025 approving, among other things, the 2016 Plan Amendment, and written resolutions of all the directors of the Company dated 16 May 2025 approving, among other things, the issue of the Plan Shares (collectively, the “Resolutions”);

a Certificate of Good Standing issued by the Registrar of Companies in relation to the Company on 7 August 2025 (the “Certificate Date”); and

such other documents and made such enquiries as to questions of law as we have deemed necessary in order to render the opinion set forth below.

ASSUMPTIONS

the genuineness and authenticity of all signatures and the conformity to the originals of all copies (whether or not certified) examined by us and the authenticity and completeness of the originals from which such copies were taken;

that where a document has been examined by us in draft form, it will be or has been executed in the form of that draft, and where a number of drafts of a document have been examined by us all changes thereto have been marked or otherwise drawn to our attention;

the accuracy and completeness of all factual representations made in the the Registration Statement, the Plan and the other documents reviewed by us;

the Resolutions were passed at one or more duly convened, constituted and quorate meetings or by unanimous written resolutions, remain in full force and effect and have not been rescinded or amended;

that there is no provision of the law of any jurisdiction, other than the Cayman Islands, which would have any implication in relation to the opinions expressed herein;

that upon issue of any Plan Shares by the Company the Company will receive consideration for the full issue price thereof which shall be equal to at least the par value thereof;

the validity and binding effect under the laws of the United States of America of the Registration Statement and that the Registration Statement will be duly filed with the Commission and have become effective;

that on the date of issuance of any Plan Shares, the Company will have sufficient authorised but unissued common shares par value US$0.001 per share in its share capital; and

that on the date of issuing any award or Plan Shares under the Plan the Company is and after issuing any award or Plan Shares under the Plan the Company will be able to pay its debts.

QUALIFICATIONS

We express no opinion as to the enforceability of any provision of the Plan which purports to fetter the statutory powers of the Company.

We express no opinion with respect to the issuance of Plan Shares pursuant to any provision of the Plan that purports to obligate the Company to issue Plan Shares following the commencement of a winding up or liquidation.

We have made no investigation of and express no opinion in relation to the laws of any jurisdiction other than the Cayman Islands. This opinion is to be governed by and construed in accordance with the laws of the Cayman Islands and is limited to and is given on the basis of the current law and practice in the Cayman Islands. This opinion is issued solely for your benefit and use in connection with the matter described herein and is not to be relied upon by any other person, firm or entity or in respect of any other matter.

OPINION

The Company is duly incorporated and existing under the laws of the Cayman Islands and, based on the Certificate of Good Standing, is in good standing as at the Certificate Date. Pursuant to the Companies Act (“Act”), a company is deemed to be in good standing if all fees and penalties under the Act have been paid and the Registrar of Companies has no knowledge that the company is in default under the Act.

When issued and paid for in accordance with the Plan, the Plan Shares will be validly issued, fully paid and non-assessable (which term when used herein means that no further sums are required to be paid by the holders thereof in connection with the issue thereof).