Review Opinion on Asset Purchases and Sales
Guangfa Securities Co., Ltd. (hereinafter referred to as "Guangfa Securities") serves as the independent financial advisor for Guangzhou Zhiguang Electric Co., Ltd. (hereinafter referred to as "Zhiguang Electric" or "the listed company"). The listed company intends to acquire 27.18% equity in Guangzhou Zhiguang Energy Technology Co., Ltd. (hereinafter referred to as "Zhiguang Energy" or "the target company") through the issuance of shares and cash payment, while also raising supporting funds by issuing shares to no more than 35 specific investors (hereinafter referred to as "this transaction" or "this restructuring").