SKYLIGHT HLDG(03882) is in the final stages of negotiations with several leading online supermarkets and large physical chain supermarkets with online platforms.

SKYLIGHT HLDG (03882) announced a new business segment related to the instant delivery system service for the group's chain supermarkets and hypermarkets ('supermarket'). As disclosed in the announcement, the group will provide instant delivery system services to supermarkets, including various business collaborations with suppliers and customers. Supermarket The group is in the final stages of negotiations with several top-tier internet online supermarkets and large physical chain supermarkets (delivery platforms) with online platforms in China, who will use the group's instant delivery system service to distribute a portion of their instant retail delivery business in certain regions. As a result, the group will provide supermarkets and riders with a one-stop comprehensive instant delivery system service, including dedicated electric delivery vehicles, new energy batteries, new energy charging equipment, and corresponding smart management software. Smart Management Software The group has entered into a software license agreement with an independent software development company, covering all regions in China. The instant delivery system service will be provided through an online platform established by the independent software development company based on the smart management software, connecting the group with riders. Riders will rent electric delivery vehicles and related accessories on the online platform and use the platform to enhance their order fulfillment efficiency, such as optimizing delivery routes. With insights collected by the smart management software on the online platform, the group can help delivery platforms understand local community needs, optimize the delivery capabilities of riders in the area, and maximize rider income. As independent riders, they will receive service fees directly from the delivery platform for each instant retail delivery order, while also paying monthly rental and charging fees for electric delivery vehicles and related accessories on the online platform. The smart management software on the online platform is a fleet management system based on the SaaS platform, including but not limited to the following functions: (1) AI dispatch for electric delivery vehicles, (2) trajectory recording for electric delivery vehicles, (3) new energy battery energy management, (4) full lifecycle management for new energy batteries, (5) rider behavior analysis, (6) electronic theft fences, and (7) automated settlement of rental and charging fees for electric delivery vehicles. Under the software license agreement, the group will collect monthly rental and charging fees for electric delivery vehicles and related accessories from each rider on the online platform, while the software development company will receive service fees. Logistics Hardware The group has entered into a procurement contract with a supplier for a total purchase amount of RMB 20 million, involving 3200 sets of electric delivery vehicles and related accessories (including new energy batteries and charging equipment) that meet the group's specified functionality, quality, and safety standards for riders to rent. Financing Arrangements The group is in deep discussions with multiple finance leasing companies and is waiting for the electric delivery vehicles to be registered by the relevant government departments and transferred to the group's name before providing financial leasing arrangements for the logistics hardware mentioned above. The board believes that providing instant delivery system services to various supermarkets is still a blue ocean market, especially with the rapid expansion of the domestic fresh e-commerce market, and believes that this new business segment has significant commercial potential for the group. By venturing into the new business area of supermarket instant delivery system services, the group will be able to diversify and expand its business and increase its sources of income.