Guangdong Gulighting Technology: Controlling shareholder intends to reduce its stake in the company by no more than 1.89%

Guangdong Electric announced that its controlling shareholder, Guangdong Group, holds 122,997,007 shares of the company, accounting for 21.11% of the total share capital. Due to its own capital needs, Guangdong Group plans to reduce its holdings by no more than 11,000,000 shares, accounting for 1.89% of the total share capital, through centralized bidding and block trading within 3 months after the disclosure of the announcement, starting from 15 trading days later. This reduction will not have a significant impact on the company's governance, and there is uncertainty in the timing, price, and quantity of the reduction.