Explanation from the Company's Board of Directors on the Adjustment of the Transaction Plan Not Constituting a Major Adjustment
Guangzhou Zhiguang Electric Co., Ltd. (hereinafter referred to as "Zhiguang Electric," "the listed company," or "the company") plans to acquire 27.18% equity in Guangzhou Zhiguang Energy Storage Technology Co., Ltd. (hereinafter referred to as "Zhiguang Energy Storage" or "the target company") through the issuance of shares and cash payment. Additionally, the company intends to issue shares to no more than 35 specific investors to raise matching funds (hereinafter referred to as "this transaction" or "this restructuring"). On October 15, 2025, the company held the seventh meeting of the seventh board of directors, which approved the relevant proposals related to this transaction, and on October 17, 2025, disclosed the "Proposal for Issuing Shares and Paying Cash to Purchase Assets and Raise Matching Funds" (hereinafter referred to as "this transaction proposal"). On April 14, 2026, the company held the eleventh meeting of the seventh board of directors, which approved the "Proposal for Issuing Shares and Paying Cash to Purchase Assets and Raise Matching Funds and Related Transactions" and the "Proposal on the Adjustment of the Transaction Plan Not Constituting a Major Adjustment," among other related proposals.