Foshan Lighting: Termination of Equity Acquisition Intention Agreement

Foshan Lighting announced that on October 28, 2024, the company signed an "Equity Acquisition Intention Agreement" with the controlling shareholder Jiang Zhaoning and Liu Daping of Qingdao Yilai Intelligent Technology Co., Ltd., intending to acquire more than 50% of the target company's equity. However, due to changes in the market environment and other factors, the counterparty suggested terminating the intention agreement. After studying the matter, the company decided to terminate the intention agreement. This termination will not have any adverse effects on the company's production, operation, and financial condition.