One of the controlling shareholders of Foshan Electrical and Lighting (000541.SZ), Electronics Group, intends to increase its shareholding in the company by 36-72 million yuan.

Foshan Electrical and Lighting (000541.SZ) announced that the company recently received a notification letter from one of the concerted actors of the company's controlling shareholder, Guangdong Provincial Guangsheng Holdings Group Co., Ltd., the Guangdong Province Electronic Information Industry Group Co., Ltd. (referred to as "the Electronic Group"), regarding the intention to increase their holdings of Foshan Electrical and Lighting shares. The Electronic Group plans to increase their A-share holdings by an amount not less than 36 million yuan, and not exceeding 72 million yuan, and not less than 0.8% of the company's total share capital. If the increase amount exceeds 72 million yuan due to stock price fluctuations, but the increase percentage does not reach 0.8% of the company's total share capital, the Electronic Group will no longer increase its holdings. In response to the decisions and arrangements of the Party Central Committee and the State Council, in accordance with the "Notice on Matters Concerning the Establishment of Stock Repurchase and Acquisition Re-loan by the People's Bank of China, the China Banking Regulatory Commission, and the China Securities Regulatory Commission", on November 5, 2024, the Electronic Group signed a "CEB BANK Stock Repurchase/Increase Loan Commitment Letter" with the Guangzhou branch of China Everbright Bank. The Guangzhou branch of China Everbright Bank provides a loan amount of up to 50 million yuan for the Electronic Group's stock increase, with a loan term not exceeding 1 year (subject to the latest implementation rules issued by regulators).