Fuguang Co., Ltd.: Shareholder Fujian State-owned Assets plans to reduce its holdings by no more than 3%.

Fuguang Corporation announcement, as of the disclosure date, the shareholder Fujian State-owned Asset Management Co., Ltd. holds 20.7823 million shares of freely tradable stocks, accounting for 12.94% of the total shares, and holds 8.5 million shares through a pledged account, accounting for 5.29%. Due to funding needs, the state-owned asset management company plans to reduce its holdings by a total of no more than 4.8168 million shares, or no more than 3%, within 3 months after 15 trading days following the announcement through centralized bidding and block trading. The reduction plan includes a maximum of 1.6056 million shares in centralized bidding and a maximum of 3.2112 million shares in block trading, with the reduction price determined at the time of implementation.