粤照明B：2023年半年度报告摘要(英文版)

Stock Code: 000541, 200541 Stock Name: FSL, FSL-B Announcement No. 2023-054

FOSHAN ELECTRICAL AND LIGHTING CO., LTD.

INTERIM REPORT 2023 (SUMMARY)Part I Important NotesThis Summary is based on the full Interim Report of Foshan Electrical and Lighting Co., Ltd. (together with itsconsolidated subsidiaries, the “Company”, except where the context otherwise requires). In order for a fullunderstanding of the Company’s operating results, financial condition and future development plans, investorsshould carefully read the aforesaid full text, which has been disclosed together with this Summary on the mediadesignated by the China Securities Regulatory Commission (the “CSRC”).All the Company’s directors have attended the Board meeting for the review of this Report and its summary.Independent auditor’s modified opinion:

□ Applicable ? Not applicable

Board-approved interim cash and/or stock dividend plan for ordinary shareholders:

□ Applicable ? Not applicable

The Company has no interim dividend plan, either in the form of cash or stock.Board-approved interim cash and/or stock dividend plan for preferred shareholders:

□ Applicable ? Not applicable

Part II Key Corporate Information

1. Stock Profile

2. Key Financial Information

Indicate by tick mark whether there is any retrospectively restated datum in the table below.? Yes □ NoReason for retrospective restatement:

Business combination involving entities under common control and change to accounting policies

Reason for changes in accounting policies :

In November 2022, the Ministry of Finance ("MOF") issued Accounting Standard for Business Enterprises Interpretation No. 16(hereinafter referred to as "Interpretation No. 16"), which regulated the accounting treatment for the exemption from initialrecognition of the deferred income taxes related to assets and liabilities arising from a single transaction. See Part X-V-44-(1)Changes in accounting policies of this report for details.

3. Shareholders and Their Holdings as at the End of the Reporting Period

Unit: share

4. Change of the Controlling Shareholder or the Actual Controller in the Reporting PeriodChange of the controlling shareholder in the Reporting Period:

□ Applicable ? Not applicable

The controlling shareholder remained the same in the Reporting Period.

Change of the actual controller in the Reporting Period:

□ Applicable ? Not applicable

The actual controller remained the same in the Reporting Period.

5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable ? Not applicable

No preferred shareholders in the Reporting Period.

6. Outstanding Bonds at the Date when this Report Was Authorized for Issue

□ Applicable ? Not applicable

Part III Significant Events

1. Share offering to specific parties

The Company intends to raise gross proceeds of no more than RMB1,094.5518 million through an offering ofA-stock shares to specific parties. The amount exclusive of the issuance costs will be used to invest in the FSLautomation and digital transformation construction project, the FSL Hainan Industrial Park Phase I, theintelligent street light construction project, the automotive lamp module production and construction project,and the R&D centre construction project. The said share offering plan has been approved at the 39

th

Meeting ofthe Ninth Board of Directors and a general meeting of shareholders on 14 March 2023 and 31 March 2023,respectively, as well as by the Public Offering Review Centre of the Shenzhen Stock Exchange on 17 July 2023.The plan is still subject to final approval of the CSRC before implementation. And there is uncertainty withrespect to the said approval and the timing.

2. Equity incentives

On 12 June 2023, the 2023 Restricted Share Incentive Plan (Draft) and Its Summary, together with otherrelevant proposals, were approved at the 44

th

Meeting of the Ninth Board of Directors and the 22

nd

Meeting ofthe Ninth Supervisory Committee. As such, it was approved to grant no more than 13,000,000 restricted shares(accounting for 0.95% of the Company’s total share capital of 1,361.9946 million shares at the date of theannouncement on the draft plan of the incentive plan) to 262 awardees. To be specific, there were 11.7 millionshares for the first grant, accounting for 90.00% of the total grant under the incentive plan; and there were 1.3million reserved shares, accounting for 10.00% of the total grant under the incentive plan. The restricted shares

were A-stock ordinary shares repurchased by the Company. And the grant price for the first grant wasRMB3.81/share. This equity incentive plan is subject to approval by the State-owned Assets Supervision andAdministration Commission of Guangdong Province and a general meeting of shareholders of the Company.For further information, see the 2023 Restricted Share Incentive Plan (Draft) and Its Summary and otherrelevant proposals that have been disclosed on http://www.cninfo.com.cn/ dated 13 June 2023.

Foshan Electrical and Lighting Co., Ltd.Legal representative: Wu Shenghui29August 2023