EX-5.1 3 ea164830ex5-1_sunrisenew.htm OPINION OF CONYERS DILL & PEARMAN LLP

Exhibit 5.1

 

   

CONYERS DILL & PEARMAN LLP

Cricket Square, Hutchins Drive

PO Box 2681, Grand Cayman KY1-1111

Cayman Islands

T +1 345 945 3901

conyers.com

 

26 August 2022

 

+1 345 814 7382

matthew.stocker@conyers.com

 

Sunrise New Energy Co., Ltd.

c/o the offices of Conyers Trust Company (Cayman) Limited

Hutchins Drive

PO Box 2681

Grand Cayman

KY1-1111

Cayman Islands

 

Dear Sirs,

 

Re:Sunrise New Energy Co., Ltd. (the “Company”)

 

We have acted as special legal counsel in the Cayman Islands to the Company in connection with the Company’s Registration Statement on Form S-8 (the “Registration Statement”) relating to the Company’s registration of up to 3,679,200 ordinary shares (the “Registered Securities”) of the Company, par value $0.0001 per share, issuable under the Company’s 2022 Stock Incentive Plan, assumed and adopted by the board of directors of the Company on July 11, 2022 (the “2022 Plan”).

 

For the purposes of giving this opinion, we have examined copies of (i) the Registration Statement; and (ii) a Certificate of Good Standing (the “Certificate of Good Standing”) dated 26 August 2022 issued by the Registrar of Companies in relation to the Company.

 

We have also reviewed the amended and restated memorandum and articles of association of the Company, and the resolutions in writing of the directors of the Company dated 11 July 2022 (the “Resolutions”), the register of members of the Company, 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.

 

Conyers Dill & Pearman LLP has been registered, and operating, as a Cayman Islands limited liability partnership since 1 June 2021 following the conversion of the Cayman Islands firm of Conyers Dill & Pearman to a limited liability partnership on that date.

 

Legal – 21449143.2

 

 

 

 

We have assumed (a) 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, (b) the accuracy and completeness of all factual representations made in the Registration Statement and other documents reviewed by us, (c) that the resolutions contained in the Resolutions were passed by unanimous written resolutions of the directors of the Company, remain in full force and effect and have not been and will not be rescinded or amended, (d) 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, (e) that any Registered Securities will be issued by the Company against payment in full, which shall be equal to at least the par value thereof, and be duly registered in the Company’s register of members, (f) the effectiveness of the Registration Statement under the laws of the United States of America.

 

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 the purposes of the filing of the Registration Statement and the offering of the Registered Securities by the Company and is not to be relied upon in respect of any other matter.

 

On the basis of and subject to the foregoing, we are of the opinion that:

 

1.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. Pursuant to the Act, a company is deemed to be in good standing if all fees and penalties under the Companies Act of the Cayman Islands (the “Act”) have been paid and the Registrar of Companies has no knowledge that the Company is in default under the Act.

 

2.The issue and allotment of the Registered Shares as contemplated by the Registration Statement have been duly authorised, and when issued and allotted in accordance with the terms of the 2022 Plan, the Registered Securities will be validly issued, fully paid and non-assessable (which term means when used herein that no further sums are required to be paid by the holders thereof in connection with the issue of such shares).

 

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving this consent, we do not hereby admit that we are experts within the meaning of Section 11 of the Securities Act or that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and Regulations promulgated thereunder.

 

Yours faithfully,

 

 
Conyers Dill & Pearman LLP  

 

 

Page 2 of 2

 

Legal – 21449143.2