Stock Code: 300889 Stock Abbreviation: EXC-LED Listing Venue: Shenzhen Stock Exchange
[Chart: EXC-LED Logo]
Shenzhen EXC-LED Technology Co., Ltd.
Report on Issuance of Shares and Payment of Cash to Purchase Assets and Raising of Supporting Funds and Related Party Transactions (Draft) (Revised) Abstract
| Transaction Type | Counterparty |
|---|---|
| Issuance of shares and payment of cash to purchase assets | Yan Ruohong, Shenzhen Capital Group Manufacturing Transformation and Upgrading New Material Fund (Limited Partnership), Guangzhou Highsun Energy Saving Technology Co., Ltd., and 20 other counterparties |
| Raising of supporting funds | No more than 35 specific investors |
Independent Financial Advisor
Zheshang Securities Co., Ltd.
August 2026
Declaration
The terms or abbreviations used in this section have the same meanings as those defined in the "Definitions" section of this report.
I. Declaration by the Listed Company
The Company and all directors and senior management personnel guarantee that the information disclosed by the listed company is timely and fair, and that the contents of this report and its abstract are true, accurate, and complete, without false records, misleading statements, or major omissions. They guarantee the truthfulness and reasonableness of the relevant data cited in this report and assume corresponding legal liability for the truthfulness, accuracy, and completeness of the information provided.
If the information disclosed or provided for this transaction is suspected of containing false records, misleading statements, or major omissions, and is subject to case filing and investigation by judicial authorities or the China Securities Regulatory Commission (CSRC), the parties involved shall not transfer the shares held in the listed company until the investigation conclusion is formed. They shall submit a written application for suspension of transfer and their stock account to the board of directors of the listed company within two trading days of receiving the notice of investigation, and the board of directors shall apply to the stock exchange and the securities registration and settlement institution for locking on their behalf. If the application for locking is not submitted within two trading days, the board of directors is authorized to verify and directly report the identity and account information of the individual or entity to the stock exchange and the securities registration and settlement institution to apply for locking. If the board of directors fails to report the information, the stock exchange and the securities registration and settlement institution are authorized to directly lock the relevant shares. If the investigation concludes that there were violations, the individual or entity promises that the voluntarily locked shares will be used for compensation arrangements for relevant investors.
Any decision or opinion made by the CSRC or the Shenzhen Stock Exchange regarding this transaction does not represent a substantive judgment or guarantee of the value of the company's shares or investor returns.
In accordance with the Securities Law and other relevant laws and regulations, after the completion of this transaction, the Company is responsible for its own business and earnings changes, and investors are responsible for the investment risks arising from such changes. When evaluating this transaction, investors should carefully consider the risk factors disclosed in this report in addition to the content of this report and related documents disclosed simultaneously. If investors have any questions about this report, they should consult their stock broker, lawyer, accountant, or other professional advisor.
II. Declaration by Counterparties
The counterparties to this reorganization have issued a letter of commitment regarding the truthfulness, accuracy, and completeness of the information and materials provided during the transaction process. They guarantee that they will provide relevant information for this reorganization in a timely manner and that all information provided for this transaction is true, accurate, and complete. If losses are caused to the listed company or investors due to false records, misleading statements, or major omissions in the provided information, they will assume liability for compensation in accordance with the law.