# EDGAR Filing Document

**Accession Number:** 0001753673
**File Stem:** 0001213900-25-079942
**Filing Date:** 2025-8
**Character Count:** 36536
**Document Hash:** 6a4466684cb34613442e2ed6b883eb81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-079942.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001213900-25-079942

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 18

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**EFFECTIVENESS DATE**: 20250822

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Scienjoy Holding Corp
- **CENTRAL INDEX KEY:** 0001753673
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-289804
- **FILM NUMBER:** 251246698

**BUSINESS ADDRESS:**
- **STREET 1:** RM 1118, 11TH FLOOR, BUILDING 3, NO. 99
- **STREET 2:** WANGZHOU RD.,LIANGZHU ST.YUHANG DISTRICT
- **CITY:** HANGZHOU, ZHEJIANG PROVINCE
- **STATE:** F4
- **ZIP:** 311113
- **BUSINESS PHONE:** (86)0571-88586668

**MAIL ADDRESS:**
- **STREET 1:** RM 1118, 11TH FLOOR, BUILDING 3, NO. 99
- **STREET 2:** WANGZHOU RD.,LIANGZHU ST.YUHANG DISTRICT
- **CITY:** HANGZHOU, ZHEJIANG PROVINCE
- **STATE:** F4
- **ZIP:** 311113

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Wealthbridge Acquisition Ltd
- **DATE OF NAME CHANGE:** 20180919

**As filed with the Securities and Exchange Commission on August 22, 2025**

**Registration No. 333-** 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

**UNDER**

**THE SECURITIES ACT OF 1933**

**SCIENJOY HOLDING CORPORATION**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **British Virgin Islands** | **Not Applicable** |
| (State or other jurisdiction of<br> incorporation or organization) | (IRS Employer <br> Identification No.) |

---

---

| | |
|:---|:---|
| **RM 1118, 11<sup>th</sup> Floor, Building 3, No. 99 Wangzhou Rd., Liangzhu St.**<br> **Yuhang District, Hangzhou, Zhejiang Province, China** | **311113** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

---

| |
|:---|
| **2021 Equity Incentive Plan** |
| &nbsp;&nbsp;(Full Title of the Plan) |

---

**Cogency Global Inc.**

**122 East 42<sup>nd</sup> St., 18<sup>th</sup> Floor** 

**New York, NY 10168**

(Name and address of agent for service)

**Tel: 800-221-0102** 

(Telephone number, including area code, of agent for service)

 

*With copies to:*

**Richard I. Anslow, Esq.**

**Lijia Sanchez, Esq.**

**Ellenoff Grossman & Schole LLP**

**1345 Avenue of the Americas**

**New York, NY 10105**

**Phone: (212) 370-1300**

**Fax: (212) 370-7889** 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Securities Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☐ <br> Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**EXPLANATORY NOTE**

On May 21, 2021, Scienjoy Holding Corporation (the "Registrant," "we," "us," "our," or similar terminology) filed with the Securities and Exchange Commission (the "Commission") a registration statement on Form S-8 (File No. 333-256373) to register an aggregate of 3,000,000 Class A ordinary shares, no par value (the "Ordinary Shares"), under the Registrant's 2021 Equity Incentive Plan (the "Original Plan"). On July 19, 2025, the board of directors of the Registrant (the "Board") adopted resolutions by written consent to approve the Amendment No.1 to the 2021 Equity Incentive Plan (the "Amended Plan") solely to (i) increase the number of Ordinary Shares available for issuance under the Original Plan from 3,000,000 shares to 6,000,000 shares, effective as of July 19, 2025 and (ii) include an evergreen provision that would increase, commencing on January 1, 2026, and continuing annually on each anniversary thereof through and including January 1, 2035, equal to the lesser of (i) 3% of the Ordinary Shares outstanding on the last day of the immediately preceding calendar year and (ii) such smaller number of Shares as determined by the Board or the Committee (as defined in the Original Plan).

This registration statement on Form S-8 (the "Registration Statement") is being filed principally to register an additional 3,000,000 Ordinary Shares issuable under the Amended Plan that may be offered or sold to participants under the Amended Plan, either directly or upon exercise of options or other share-based awards granted under the Amended Plan. Pursuant to General Instruction E to Form S-8, the contents of the registration statement on Form S-8 with respect to the Original Plan filed with the Commission on May 21, 2021 (File No. 333-256373), including the information contained therein, are hereby incorporated by reference in this Registration Statement, except to the extent specified herein.

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

**Item 1. Plan Information.\***

**Item 2. Registration Information and Employee Plan Annual Information.\***

\* The documents containing the information specified in Item 1 and Item 2 of Part I of Form S-8 (Plan Information and Registration Information and Employee Plan Annual Information) will be sent or given to recipients of the grants under the Plan as specified by Rule 428(b)(1) under the Securities Act. In accordance with the rules and regulations of the Securities and Exchange Commission (the "Commission") and the instructions to Form S-8, such documents are not being filed with the Commission either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act. These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II hereof, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act. The Registrant will provide a written statement to participants advising them of the availability without charge, upon written or oral request, of the documents incorporated by reference in Item 3 of Part II hereof and including the statement in the preceding sentence. The written statement to all participants will indicate the availability without charge, upon written or oral request, of other documents required to be delivered pursuant to Rule 428(b) of the Securities Act, and will include the address and telephone number to which the request is to be directed.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference.**

The Registrant is subject to the informational requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Commission maintains a website that contains reports, proxy and information statements and other information regarding registrants that file electronically with the Commission, including the Registrant. The address for the Commission's website is "http://www.sec.gov." The following documents filed by the Registrant with the Commission are incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's Annual Report on [Form 20-F](https://www.sec.gov/Archives/edgar/data/1753673/000121390025033951/ea0237664-20f_scienjoy.htm) for the fiscal year ended December 31, 2024, filed with the SEC on April 22, 2025;

(b) The Registrant's Reports on Form 6-K filed with the SEC on [April 22, 2025](https://www.sec.gov/Archives/edgar/data/1753673/000121390025033953/ea0239026-6k_scienjoy.htm) , [June 4, 2025](https://www.sec.gov/Archives/edgar/data/1753673/000121390025050977/ea0244270-6k_scienjoy.htm) and [July 15, 2025](https://www.sec.gov/Archives/edgar/data/1753673/000121390025064294/ea0248933-6k_scienjoy.htm) , respectively; and

(c) The description of the Registrant's Ordinary Shares, incorporated by reference in the Registrant's registration statement on [Form 8-A](https://www.sec.gov/Archives/edgar/data/1753673/000161577419001871/s115865_8a12b.htm) filed (Registration No. 001-38799) with the Commission on February 5, 2019, and any amendment or report filed for the purpose of updating such description.

Except to the extent such information is deemed furnished and not filed pursuant to securities laws and regulations, all documents that we file with the Commission pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act and, to the extent specifically designated therein, reports on Form 6-K furnished by the Registrant to the Commission, in each case, subsequent to the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement (that indicates that all securities offered under this Registration Statement have been sold or that deregisters all securities then remaining unsold) shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents.

Any statement contained herein or in a document all or a portion of which is incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 4. Description of Securities.**

Not applicable.

**Item 5. Interests of Named Experts and Counsel.**

Not applicable.

**Item 6. Indemnification of Directors and Officers.**

Our Memorandum and Articles of Association, as amended, the BVI Business Companies Act, (R.E. 2020) as amended, the Insolvency Act, 2003 of the British Virgin Islands, each of which as amended, and the common law of British Virgin Islands allow us to indemnify our officers and directors from certain liabilities. The Articles provide that we shall indemnify against all expenses, including legal fees, and against all judgments, fines and amounts paid in settlement and reasonably incurred in connection with legal, administrative or investigative proceedings any person who: (a) is or was a party or is threatened to be made a party to any threatened, pending or completed proceedings, whether civil, criminal, administrative or investigative, by reason of the fact that the person is or was a director of us; or (b) is or was, at the request of us, serving as a director of, or in any other capacity is or was acting for, another body corporate or a partnership, joint venture, trust or other enterprise.

We will only indemnify the individual in question if the relevant indemnitee acted honestly and in good faith with a view to our best interests and, in the case of criminal proceedings, the indemnitee had no reasonable cause to believe that his conduct was unlawful.

The decision of our board of directors as to whether an indemnitee acted honestly and in good faith and with a view to our best interests and as to whether such indemnitee had no reasonable cause to believe that his conduct was unlawful is, in the absence of fraud, sufficient for the purposes of the Articles, unless a question of law is involved.

The termination of any proceedings by any judgment, order, settlement, conviction or the entering of a nolle prosequi does not, by itself, create a presumption that the person did not act honestly and in good faith and with a view to our best interests or that the person had reasonable cause to believe that his conduct was unlawful.

We may purchase and maintain insurance in relation to any person who is or was a director, officer or liquidator of us, or who, at our request, is or was serving as a director, officer or liquidator of, or in any other capacity is or was acting for, another company or a partnership, joint venture, trust or other enterprise, against any liability asserted against the person and incurred by the person in that capacity, whether or not we have or would have had the power to indemnify the person against the liability as provided in the Articles.

The indemnification provisions contained in the director service agreement by and between us and each of our incumbent non-executive directors provide for a scope of indemnification consistent with the scope described in the foregoing paragraphs in this section.

**Item 7. Exemption from Registration Claimed.**

Not applicable.

**Item 8. Exhibits.**

The Exhibits listed on the accompanying Exhibit Index are filed as a part of, or incorporated by reference into, this Registration Statement. (See Exhibit Index below).

**Item 9. Undertakings.**

(a) The undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) to reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement; to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to that information in the Registration Statement

*provided, however*, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b) The undersigned Registrant hereby undertakes that, for the purposes of determining liability under the Securities Act of, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be in the initial *bona fide* offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description of Exhibit** |
| 4.1 | [Fourth Amended and Restated Memorandum and Articles of Association of Scienjoy Holding Corporation, as adopted by a special resolution on November 8, 2021 (incorporated by reference to Annex A to the Current Report on Form 6-K filed with the Securities & Exchange Commission on October 7, 2021).](http://www.sec.gov/Archives/edgar/data/1753673/000121390021051872/ea148412ex99-1_scienjoyhold.htm#a_033) |
| 4.2 | [Specimen Class A Ordinary Share Certificate (incorporated by reference to Exhibit 4.1 to the Registration Statement on Form F-3 filed with the Securities and Exchange Commission on November 29, 2021).](http://www.sec.gov/Archives/edgar/data/1753673/000121390021062275/ea151002ex4-1_scienjoyhold.htm) |
| 5.1\* | [Opinion of Forbes <u>Hare</u>](ea025358501ex5-1_scienjoy.htm) |
| 23.1\* | [Consent of One Stop Assurance PAC, Independent Registered Public Accounting Firm](ea025358501ex23-1_scienjoy.htm) |
| 23.2\* | [Consent of Fobes Hare (included in Exhibits 5.1)](ea025358501ex5-1_scienjoy.htm) |
| 24.1\* | [Powers of Attorney (included on the signature page of this Registration Statement)](#poa_001) |
| 99.1 | [Scienjoy Holding Corporation 2021 Equity Incentive Plan (incorporated herein by reference to Exhibit 99.1 to the Report on Form 6-K filed with the Securities & Exchange Commission on February 12, 2021).](http://www.sec.gov/Archives/edgar/data/1753673/000121390021008947/ea135488ex99-1.htm) |
| 99.2\* | [Amendment No.1 to Scienjoy Holding Corporation 2021 Equity Incentive Plan](ea025358501ex99-2_scienjoy.htm) |
| 107\* | [Filing Fee Table](ea025358501ex-fee_scienjoy.htm) |

---

\* Filed herewith.

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in Beijing, China, on August 22, 2025.

---

| | | |
|:---|:---|:---|
| **Scienjoy Holding Corporation** | **Scienjoy Holding Corporation** | **Scienjoy Holding Corporation** |
| By: | /s/ Xiaowu He | /s/ Xiaowu He |
|  | Name: | Xiaowu He |
|  | Title: | Chief Executive Officer |

---

**Power of Attorney**

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Xiaowu He, as his true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for him and in his name, place and stead, in any and all capacities, to sign any or all amendments to this Registration Statement (including post-effective amendments and registration statements filed pursuant to Rule 462(b) under the Securities Act of 1933 as amended) and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agent, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, the following persons in the capacities and on the dates indicated have signed this Registration Statement on Form S-8.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Xiaowu He | Chairman of the Board of Directors and Chief Executive Officer | August 22, 2025 |
| Xiaowu He | *(Principal Executive Officer)* |  |
| /s/ Denny Tang | Chief Financial Officer | August 22, 2025 |
| Denny Tang | *(Principal Financial and Accounting Officer)* |  |
| /s/ Bo Wan | Director and Chief Operating Officer | August 22, 2025 |
| Bo Wan |  |  |
| /s/ Yongsheng Liu | Director and Vice Chairman of the Board of Directors | August 22, 2025 |
| Yongsheng Liu |  |  |
| /s/ Hucheng Zhou | Director | August 22, 2025 |
| Hucheng Zhou |  |  |
| /s/ Huifeng Chang | Director | August 22, 2025 |
| Huifeng Chang |  |  |
| /s/ Jian Sun | Director | August 22, 2025 |
| Jian Sun |  |  |
| /s/ Jun Lu | Director | August 22, 2025 |
| Jun Lu |  |  |

---

**AUTHORIZED U.S. REPRESENTATIVE**

Pursuant to the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of Scienjoy Holding Corporation, has signed this Registration Statement in New York, NY on August 22, 2025.

---

| | | |
|:---|:---|:---|
| **Cogency Global Inc.** | **Cogency Global Inc.** | **Cogency Global Inc.** |
| By: | */s/ Colleen A. De Vries* | */s/ Colleen A. De Vries* |
|  | Name: | Colleen A. De Vries |
|  | Title: | Senior Vice President |

---

## Exhibit 5.1

**Exhibit 5.1**

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| | | |
|:---|:---|:---|
| Qwomar Building<br> P.O. Box 4649, Road Town<br> Tortola VG1110<br> British Virgin Islands<br> T: +1 284 494 1890 | Qwomar Building<br> P.O. Box 4649, Road Town<br> Tortola VG1110<br> British Virgin Islands<br> T: +1 284 494 1890 | Qwomar Building<br> P.O. Box 4649, Road Town<br> Tortola VG1110<br> British Virgin Islands<br> T: +1 284 494 1890 |
| <br>**DD:** <br> **E:**<br> **Our Ref:**<br> **Your Ref:** | <br>+1 284 852 1899<br> Jose.santos@forbeshare.com<br> JST/6216.015<br> Reference | ![](ex5-1_001.jpg) |

---

---

| |
|:---|
| Scienjoy Holding Corporation |
| Clarence Thomas Building |
| Road Town |
| Tortola |
| British Virgin Islands |
| 20 August 2025 |

---

Dear Sirs

**Scienjoy Holding Corporation (the "Company")**

We are lawyers licensed and qualified to practice law in the British Virgin Islands. We have acted as special British Virgin Islands counsel to the Company to provide this legal opinion in connection with the Company's Registration Statement on Form S-8 including all amendments or supplements thereto, filed with the Securities and Exchange Commission (the "**Commission**") under the United States Securities Act of 1933 (the "**Act**"), as amended, (the "**Registration Statement**") related to the offer and sale of up to 3,000,000 Class A ordinary shares of no par value (the "**Shares**") under the Company's 2021 Equity Incentive Plan and its Amendment No.1.

**1.** **Documents Reviewed** 

We have reviewed originals, copies or drafts of the following documents and have examined such other documents and considered such legal matters as we have deemed necessary for the purpose of rendering this legal opinion:

1.1 The public records of the Company on file and available for public inspection at the Registry of Corporate
Affairs in the British Virgin Islands (the "**Registry of Corporate Affairs**") on 20 August 2025 including:

1.1.1 the Company's Certificate of Incorporation; and

1.1.2 the Company's amended and restated Memorandum and Articles of Association.

1.2 A Registered Agent's Certificate dated 20 August 2025 issued by FH Corporate Services Ltd., the
Company's registered agent (the "**Registered Agent's Certificate** ").

1.3 A Certificate of Good Standing issued by the Registry of Corporate Affairs (the "**Certificate of Good Standing** ").

1.4 The records of proceedings on file with and available for inspection on 20 August 2025 at the British
Virgin Islands High Court Registry (the "**High Court Registry** ").

1.5 The written resolutions of the board of directors of the Company passed on 8 August 2025.

1.6 The Registration Statement.

---

| | |
|:---|:---|
| **2** | **Assumptions** |

---

In giving this opinion we have assumed, without further verification, the completeness and accuracy of the Registered Agent's Certificate and that the information contained in such certificates remains accurate as at the date of this opinion. We have also relied upon the following assumptions, which we have not independently verified:

2.1 Copies of documents, conformed copies or drafts of documents provided to us are true and complete copies
of, or in the final forms of, the originals.

2.2 All signatures, initials and seals are genuine.

2.3 That copies of documents, conformed copies or drafts of documents provided to us are true and complete
copies of, or in the final forms of, the originals, and translations of documents provided to us are complete and accurate.

2.4 The any authorising resolutions in relation to the offering of the Shares are duly passed and remain in
full force and effect and have not been revoked or varied.

2.5 The accuracy and completeness of all factual representations expressed in or implied by the documents
we have examined.

2.6 That all public records
of the Company which we have examined are accurate and that the information disclosed by the searches which we conducted against the Company
at the Registry of Corporate Affairs and the High Court Registry is true and complete
and that such information has not since then been altered and that such searches did not fail to disclose any information which had been
delivered for registration but did not appear on the public records at the date of our searches.

2.7 That neither the Company nor any of its shareholders is a sovereign entity of any state and none of them
is a subsidiary, direct or indirect, of any sovereign entity or state.

2.8 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.

2.9 There is no contractual or other prohibition or restriction (other than as arising under British Virgin
Islands law) binding on the Company prohibiting or restricting it from entering into and performing its obligations under the Registration
Statement.

2.10 That the Company is not conducting and will not conduct a "regulated activity" under a "financial
services enactment" as defined under the Regulatory Code, 2009 (as amended);

2.11 There is nothing under any law (other than the law of the British Virgin Islands) which would or might
affect the opinions hereinafter appearing. Specifically, we have made no independent investigation of the laws of the Peoples Republic
of China or the United States of America.

---

| | |
|:---|:---|
| **3** | **Opinion** |

---

Based upon, and subject to, the foregoing assumptions and the qualifications set out in section 4 below, and having regard to such legal considerations as we consider relevant, we are of the opinion that:

3.1 The Company is a company limited by shares and registered under the BVI Business Companies Act, 2004 (as
amended) (the "**Act** "), in good standing at the Registry of Corporate Affairs and validly existing under the laws of the
British Virgin Islands, and possesses the capacity to sue and be sued in its own name.

3.2 The Shares to be offered and sold by the Company as contemplated by the Registration Statement when issued
by the Company against payment in full, of the consideration, in accordance with the terms set out in the Registration Statement and duly
registered in the Company's register of members (shareholders), such Shares will be validly issued, fully paid and non-assessable
(meaning that no further sums are payable to the Company on such securities).

---

| | |
|:---|:---|
| **4** | **Qualifications** |

---

The opinions expressed above are subject to the following qualifications:

4.1 To maintain the Company in good standing under the laws of the British Virgin Islands, annual filing fees
must be paid to the Registry of Corporate Affairs.

4.2 The obligations of the Company may be subject to restrictions pursuant to United Nations sanctions as
implemented under the laws of the British Virgin Islands.

4.3 We make no comment with regard to any references to foreign statutes in the Registration Statement.

4.4 This opinion is given only as to, and based on, circumstances and matters of fact existing and known to
us on the date of this opinion. This opinion only relates to the laws of the British Virgin Islands which are in force on the date of
this opinion.

---

| | |
|:---|:---|
| **5** | **Consents** |

---

In connection with the above opinion, we hereby consent:

5.1 To the use of our name in the Registration Statement, the prospectus constituting a part thereof and all
amendments thereto under the caption "Legal Matters"; and

5.2 To
the filing of this opinion as an exhibit to the Registration Statement.

This opinion is limited to the matters detailed herein and is not to be read as an opinion with respect to any other matter.

Yours faithfully

---

| |
|:---|
| /s/ Forbes Hare |
| **Forbes Hare** |

---

## Exhibit 23.1

**Exhibit 23.1**

---

| | |
|:---|:---|
| ![](ex23-1_001.jpg) | **Onestop Assurance PAC<br> 10 Anson Road #06-15<br> International Plaza<br> Singapore, 079903<br> Email: contact@onestop-audit.com<br> Website: www.onestop-audit.com** |

---

<u> </u>

**<u>Consent of Independent Registered Public Accounting Firm</u>**

We hereby consent to the incorporation of our report dated April 22, 2025 in this Registration Statement on Form S-8, under the Securities Act of 1933, relating to the consolidated financial statements of Scienjoy Holding Corporation appearing in its Annual Report on Form 20-F of Scienjoy Holding Corporation for the year ended December 31, 2024.

![](ex23-1_002.jpg)

Onestop Assurance PAC

Singapore

August 22, 2025

## Exhibit 99.2

**Exhibit 99.2**

**AMENDMENT NO. 1**

**TO THE**

**SCIENJOY HOLDING CORPORATION**

**2021 EQUITY INCENTIVE PLAN**

This Amendment No. 1 (this "<u>Amendment</u>") to the Scienjoy Holding Corporation 2021 Equity Incentive Plan (the "<u>Plan</u>"), is adopted by the Board of Directors (the "<u>Board</u>") of Scienjoy Holding Corporation, a company incorporated under the laws of the British Virgin Islands (the "<u>Company</u>"), effective as of July 19, 2025 (the "<u>Amendment Effective Date</u>"). Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings ascribed to such terms in the Plan.

**RECITALS**

&nbsp;&nbsp;&nbsp;&nbsp;A. The Company currently maintains the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;B. Pursuant to Section 17(a) of the Plan, the Board may amend the Plan at any time; provided, however, that
no such amendment may be made without the approval of the Company's shareholders to the extent such approval is required by Applicable
Laws.

&nbsp;&nbsp;&nbsp;&nbsp;C. The Board has determined that shareholder approval is not required by Applicable Laws for this Amendment
and believes that it is in the best interests of the Company and its shareholders to amend the Plan to (i) increase the shares subject
to the Plan, (ii) add an "evergreen" to the Plan's share reserve, and (iii) extend the term of the Plan to ten years
from the date of this Amendment, each as set forth herein.

**AMENDMENT**

&nbsp;&nbsp;&nbsp;&nbsp;1. Effective as of the Amendment Effective Date, the first sentence of Section 3(a) of the Plan is hereby
amended in its entirety to read as follows:

"Subject to adjustment in accordance with Section 14 below, the maximum aggregate number of Shares that may be issued under the Plan shall be the sum of (A) 6,000,000, plus (B) an increase commencing on January 1, 2026, and continuing annually on each anniversary thereof through and including January 1, 2035, equal to the lesser of (i) 3% of the Shares outstanding on the last day of the immediately preceding calendar year and (ii) such smaller number of Shares as determined by the Board or the Committee."

&nbsp;&nbsp;&nbsp;&nbsp;2. Effective as of the Amendment Effective Date, the first sentence of Section 16 of the Plan is hereby amended
in its entirety to read as follows:

"The Plan, as amended by Amendment No. 1, shall become effective upon the effective date of Amendment No. 1 (the "**Effective Date**")."

This Amendment shall be and, as of the Amendment Effective Date, is hereby incorporated in and forms a part of the Plan.

Except as specifically set forth in this Amendment, there are no other amendments to the Plan, and the Plan shall remain in full force and effect.

## Ex-Filing

?xml version='1.0' encoding='ASCII'? Filing Fee Exhibit

**Ex-Filing Fees**

**CALCULATION OF FILING FEE TABLES**

**S-8**

**SCIENJOY HOLDING CORPORATION**

**Table 1: Newly Registered and Carry Forward Securities**

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Line Item Type** | **Security Type** | **Security Class Title** | **Notes** | **Fee Calculation<br> Rule** | **Amount Registered** | **Proposed Maximum Offering<br> Price Per Unit** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* |
| Fees to be Paid | Equity | Class A ordinary share | (1) | Other | 3000000 | $0.7461 | $2238300.00 | 0.0001531 | $342.68 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | $2238300.00 |  | 342.68 |
| Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: |  |  | 0.00 |
| Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: |  |  | 0.00 |
| Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: |  |  | $342.68 |

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**__________________________________________ Offering Note(s)**

&nbsp;&nbsp;&nbsp;&nbsp;(1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), the registration statement on Form S-8 to which this exhibit relates includes an indeterminate number of additional shares which may be issuable in accordance with the 2021 Equity Incentive Plan (as amended by its Amendment No.1, the "Plan") to prevent dilution from share splits, share dividends or similar transactions. Represents 3,000,000 Class A ordinary shares, no par value (the "Ordinary Shares") registered hereby issuable pursuant to the Plan, either directly or upon exercise of options or other share based awards granted under the Plan. Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h) and 457(c) under the Securities Act, based on the average of the high and low prices reported for the registrant's Ordinary Share as reported on the Nasdaq Capital Market on August 21, 2025, which were $0.7461 and $0.7461, respectively. Determined in accordance with Rule 457(h).