[Image: Up-shine Lighting Logo]
Up-shine Lighting Co., Ltd.
Summary of the Report on Issuance of Shares to Purchase Assets and Related Party Transactions (Draft)
Stock Code: 301362
Stock Abbreviation: Up-shine Lighting
Listing Venue: Shenzhen Stock Exchange
| Transaction Item | Counterparty |
|---|---|
| Issuance of shares to purchase assets | Xiamen Maida Intelligent Technology Co., Ltd. |
Independent Financial Advisor
CITIC Securities Company Limited
July 2026
Declaration
The terms or abbreviations used in this section have the same meanings as those defined in the "Definitions" section of this report summary.
I. Company Declaration
The Company and all directors and senior management guarantee the truthfulness, accuracy, and completeness of the contents of this report and its summary, ensuring there are no false records, misleading statements, or major omissions, and assume corresponding legal liability for their truthfulness, accuracy, and completeness.
The Company's controlling shareholder, actual controller, directors, and senior management undertake that if the information provided or disclosed 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), they will not transfer the shares they hold in the listed company until the investigation conclusion is reached. They shall submit a written application for suspension of transfer and their stock account to the Company's Board of Directors within two trading days of receiving the notice of case filing, for the Board to apply for a lock-up with the stock exchange and the registration and clearing company on their behalf. If the application is not submitted within two trading days, they authorize the Board of Directors to verify and directly submit identity and account information to the stock exchange and the registration and clearing company to apply for a lock-up. If the Board of Directors fails to submit such information, they authorize the stock exchange and the registration and clearing company to lock the relevant shares directly. If the investigation concludes that there were illegal or non-compliant acts, the Company/the undersigned voluntarily commits to using the locked shares for investor compensation arrangements.
The Company's person in charge, the person in charge of accounting work, and the person in charge of the accounting department guarantee the truthfulness, accuracy, and completeness of the financial and accounting data in this report and its summary.
The matters related to this transaction described in this report and its summary do not represent a substantive judgment, confirmation, or approval by the CSRC or the Shenzhen Stock Exchange. Any decision or opinion made by the approval authorities regarding this transaction does not indicate a substantive judgment or guarantee regarding the value of the Company's shares or investor returns. The effectiveness and completion of the matters related to this transaction are still subject to the approval or consent of the competent regulatory authorities.
All shareholders and other public investors are requested to carefully read all information disclosure documents related to this transaction and make prudent investment decisions. The listed company will disclose relevant information in a timely manner according to the progress of this transaction.
Shareholders and other investors are advised that after the completion of this transaction, the Company is solely responsible for changes in its operations and earnings; investors are solely responsible for investment risks caused by this transaction.
When evaluating this transaction, investors should carefully consider the risk factors disclosed in this report in addition to the contents of this report and simultaneously disclosed documents. If investors have any questions about this report, they should consult their stockbroker, lawyer, professional accountant, or other professional advisor.