Foshan Lighting: Termination of Equity Acquisition Intent Agreement

Foshan Lighting announced that on October 28, 2024, the company signed a "Share Acquisition Intent Agreement" with Jiang Zhaoning and Liu Daping, the controlling shareholders of Qingdao Yilai Intelligent Technology Co., Ltd., 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 intent agreement. After the company's research, it was decided to terminate the intent agreement. This termination will not adversely affect the company's production operations and financial status