Stock Code: 000541 200541 Stock Name: FSL FSL-B Announcement No. 2026-043

FOSHAN ELECTRICALAND LIGHTING CO. LTD.THIRD QUARTERLYREPORT 2026

Foshan Electrical and Lighting Co. Ltd. (hereinafter referred to as the “Company”) and all the members of the

Company’s Board of Directors hereby guarantee that the contents of this Report are true accurate and complete

and free of any misrepresentations misleading statements or material omissions.Important Notes:

1. The Board of Directors as well as the directors and senior management of the Company hereby guarantee that

the contents of this Report are true accurate and complete and free of any misrepresentations misleading

statements or material omissions and collectively and individually accept legal responsibility for such contents.

2. The Company’s legal representative person in charge of accounting work and person in charge of the

accounting department (accounting supervisor) hereby guarantee that the Financial Statements carried in this

Report are factual accurate and complete.

3. Indicate whether the financial statements in this Report have been audited by an independent auditor.

□ Yes□ No

4. This Report has been prepared in both Chinese and English. Should there be any discrepancies or

misunderstandings between the two versions the Chinese version shall prevail.I Key Financial Information

(I) Key Accounting Data and Financial Indicators

Indicate whether there is any retrospectively restated datum in the table below.□ Yes□ No

Q3 2026 YoY change (%) Q1-Q3 2026 YoY change (%)

Operating revenue

(RMB) 2033816793.79 -5.25% 6128921564.22 -6.17%

Net profit attributable

to the listed company’s 10937286.54 -57.95% 52642926.92 -62.67%

shareholders (RMB)

Net profit attributable

to the listed company’s

shareholders before -12563800.40 -178.78% 10690547.40 -91.24%

exceptional gains and

losses (RMB)

Net cash generated

from/used in operating — — 34593247.37 -15.90%

activities (RMB)

Basic earnings per

share (RMB/share) 0.0071 -57.99% 0.0343 -62.64%

Diluted earnings per

share (RMB/share) 0.0071 -57.99% 0.0343 -62.60%

Weighted average

return on equity (%) 0.16% -0.25% 0.77% -1.35%

September 30 2026 December 31 2025 Change (%)

Total assets (RMB) 16295078719.75 17167245635.67 -5.08%

Equity attributable to

the listed company’s 6785386011.61 6834820501.84 -0.72%

shareholders (RMB)

(II) Exceptional Gains and Losses

□ Applicable □ Not applicable

Unit: RMB

Item Q3 2026 Q1-Q3 2026 Note

Gain or loss on disposal of

non-current assets (inclusive

of impairment allowance 1391261.59 4232767.48

write-offs)

Government grants

recognized in profit or loss

(exclusive of those that are

closely related to the

Company's normal business

operations and given in 11470560.88 31518741.91

accordance with defined

criteria and in compliance

with government policies and

have a continuing impact on

the Company's profit or loss)

Gain or loss on fair-value

changes in financial assets

and liabilities held by a non- 644515.15 -466419.63

financial enterprise as well as

on disposal of financial assets

and liabilities (exclusive of

the effective portion of

hedges that is related to the

Company's normal business

operations)

Capital occupation charges on

non-financial enterprises that

are charged to current gains 103433.01 743735.05

and losses

Reversed portions of

impairment allowances for

receivables which are tested 794137.16 1794695.91

individually for impairment

Gain or loss on debt

restructuring 2612485.05

Non-operating income and

expense other than the above 34566787.11 43443143.97

Less: Income tax effects 7277556.79 12741764.72

Non-controlling interests

effects (net of tax) 18192051.17 29185005.50

Total 23501086.94 41952379.52 --

Other items that meet the definition of exceptional gain/loss:

□Applicable□ Not applicable

No such cases in the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the

Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the

Public—Exceptional Gain/Loss Items:

□Applicable□ Not applicable

No such cases in the Reporting Period.(III) Changes in Key Financial Statement Line Items and Explanation of why

□Applicable □ Not applicable

Unit: RMB

Item Q1-Q3 2026/ Q1-Q3 2025/September 30 2026 December 31 2025 Change (%) Main reason for the change

Monetary assets 2 394 270 106 82 3 455 743 091 17 30 72 Purchase of large-denomination certificates of . . - . % deposit and term deposits during the period

Other

receivables 56019853.73 82678537.89 -32.24% Receipt of inter-fund payments during the period

Contract assets 211890.13 450672.52 -52.98% Receipt of customer payments during the period

Current portion Reclassification of large-denomination certificates of

of non-current 1 044 572 389 70 429 862 721 67 143 00 deposit under other debt investments during the . . . %

assets period that have a term of over one year but willmature within one year

Other current 712 306 245 12 221 586 381 03 221 46 Purchase of large-denomination certificates ofassets . . . % deposit and term deposits during the period

Item Q1-Q3 2026/ Q1-Q3 2025/September 30 2026 December 31 2025 Change (%) Main reason for the change

Reclassification of large-denomination certificates of

Other debt

investments 41742033.11 720083694 31 94 20

deposit under other debt investments during the. - . % period that have a term of over one year but will

mature within one year

Advances from

customers 1722309 19 328 004 34 425 09

Receipt of advance proceeds from land disposal. . . % during the period

Taxes and levies

payable 60338522.47 91181551.13 -33.83% Payment of income tax payable during the period

Current portion

of non-current 197 427 305 71 131 296 264 00 50 37 Reclassification of borrowings that have a term of . . . %

liabilities over one year but will mature within one year

Long-term Repayment of bank borrowings and reclassification

borrowings 99403397.24 192915075.78 -48.47% of borrowings that have a term of over one year butwill mature within one year during the period

Increase in the balance of work safety expenses

Specific reserve 5 500 892 70 3 436 494 07 60 07 accrued in accordance with the prescribed ratio under . . . % the Measures for the Extraction and Use of Enterprise

Work Safety Expenses (Cai Zi [2022] No. 136)

Finance costs 21745699.72 -17863301.69 221.73% Currency fluctuations during the period

Gain on changes Changes in the fair value of forward foreign

in fair value -1203239.63 1376438.86 -187.42% exchange settlement products arising from currencyfluctuations

Asset An increase of RMB21.8683 million in the inventory

impairment loss -57143200.78 -38950356.92 -46.71% valuation allowances accrued by subsidiaryNationStar Optoelectronics during the period

Asset disposal

income 4062197.79 2985 690 65 36 06

Gain on the disposal of non-current assets during the. . % period

Non-operating

income 45753931.89 2470 572 42 1751 96

Write-off of accounts payable no longer payable and. . % an increase in penalty income during the period

Changes in the

fair value of Decreased changes in the fair value of investments in

investments in -21452084.62 181967425.64 -111.79% other equity instruments in the period compared with

other equity the same period of last year

instruments

Differences

arising from the

translation of

foreign

currency- -5795831.91 -1011491.93 -473.00% Currency fluctuations during the period

denominated

financial

statements

Net cash Purchase of large-denomination CDs and term

generated deposits of RMB849 million during the period. Such

from/used in -640346678.78 -138945796.94 -360.86% fund operations are part of the Company’s routine

investing cash management activities and will not have a

activities material impact on daily production and operation.Net increase in

cash and cash -928102356.37 -453225 Purchase of large-denomination CDs and term170.57 -104.78%

equivalents deposits of RMB849 million during the period

II Shareholder Information

i. Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well

as Holdings of Top 10 Shareholders

Unit: share

Number of ordinary shareholders Number of preference shareholders with resumed

73903 0

at the period-end voting rights at the period-end (if any)

Top 10 shareholders (exclusive of shares lent in refinancing)

Name of Nature of Shareholding Total shares Restricted Shares in pledge marked or frozen

shareholder shareholder percentage held shares held Status Shares

Hong Kong

Wah Shing

Overseas

Holding 12.85% 197338980 0 N/A 0

corporation

Company

Limited

Prosperity

Lamps & Overseas

9.57% 146934857 0 N/A 0

Components corporation

Limited

Guangdong

Electronics

State-owned

Information 9.35% 143623846 0 N/A 0

corporation

Industry Group

Ltd.Guangdong

Rising State-owned

8.45% 129826793 0 N/A 0

Holdings corporation

Group Co. Ltd.SDIC

Securities Overseas

1 69 25 981 530 0 N/A 0

(Hong Kong) corporation . %

Limited

Rising

Investment Overseas

1 66 25 482 252 0 N/A 0

Development corporation . %

Limited

Domestic

Zhang Shaowu 1 11 17 000 000 0 N/A 0

individual . %

Overseas

Zhuang Jianyi 0.78% 11903509 8927632 N/A 0individual

Domestic

Zhu Shangming 0.44% 6780000 0 N/A 0individual

Hong Kong

Securities

Overseas

Clearing 0.41% 6223027 0 N/A 0

corporation

Company

Limited

Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of executives)

Shares by class

Name of shareholder Unrestricted shares held

Class Shares

RMB-

denominated 188496430

Hong Kong Wah Shing Holding ordinary stock

197338980

Company Limited Domestically

listed overseas 8842550

stock

RMB-

Prosperity Lamps & Components

146934857 denominated 146934857

Limited

ordinary stock

RMB-

Guangdong Electronics

143 623 846 denominated 143 623 846

Information Industry Group Ltd.ordinary stock

RMB-

Guangdong Rising Holdings

129 826 793 denominated 129 826 793

Group Co. Ltd.ordinary stock

Domestically

SDIC Securities (Hong Kong)

25981530 listed overseas 25981530

Limited

stock

Domestically

Rising Investment Development

25482252 listed overseas 25482252

Limited

stock

RMB-

Zhang Shaowu 17000000 denominated 17000000

ordinary stock

RMB-

Zhu Shangming 6780000 denominated 6780000

ordinary stock

RMB-

Hong Kong Securities Clearing

6223027 denominated 6223027

Company Limited

ordinary stock

RMB-

Cai Yuxia 5000700 denominated 5000700

ordinary stock

Among the top 10 shareholders and the top 10 unrestricted shareholders

Hong Kong Wah Shing Holding Company Limited Guangdong

Electronics Information Industry Group Ltd. Guangdong Rising

Holdings Group Co. Ltd. and Rising Investment Development Limited

Related or acting-in-concert parties among the are acting-in-concert parties; and Prosperity Lamps & Components

shareholders above Limited and Zhuang Jianyi are related and acting-in-concert parties.Apart from that it is unknown whether there is among the top 10

shareholders any other related parties or acting-in-concert parties as

defined in the Administrative Measures for the Acquisition of Listed

Companies.Top 10 shareholders involved in securities margin Among the top 10 shareholders Zhu Shangming holds 6780000

trading (if any) Company shares through a margin trading securities account.

5% or greater shareholders top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing

shares lending

□ Applicable□ Not applicable

Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return

compared with the prior period

□ Applicable□ Not applicable

ii. Number of Preference Shareholders and Shareholdings of Top 10 of Them

□ Applicable□ Not applicable

III Other Significant Events

□ Applicable□ Not applicable

IV Quarterly Financial Statements

i. Financial Statements

1. Consolidated Balance Sheet

Prepared by Foshan Electrical and Lighting Co. Ltd.September 30 2026

Unit: RMB

Item September 30 2026 January 1 2026

Current assets:

Monetary assets 2394270106.82 3455743091.17

Settlement reserve

Loans to other banks and financial

institutions

Held-for-trading financial assets 2213177.70 2768997.33

Derivative financial assets

Notes receivable 752686201.33 732835152.15

Accounts receivable 2105743129.71 2173325283.78

Receivables financing 314425148.33 415949788.02

Prepayments 43675336.17 49790049.31

Premiums receivable

Reinsurance receivables

Receivable reinsurance contract

reserve

Other receivables 56019853.73 82678537.89

Including: Interest receivable

Dividends receivable

Financial assets purchased under

resale agreements

Inventories 2331208067.86 2163660652.65

Including: data resources

Contract assets 211890.13 450672.52

Assets held for sale

Current portion of non-current assets 1044572389.70 429862721.67

Other current assets 712306245.12 221586381.03

Total current assets 9757331546.60 9728651327.52

Non-current assets:

Loans and advances to customers

Debt investments

Other debt investments 41742033.11 720083694.31

Long-term receivables

Long-term equity investments 189249052.87 184806652.92

Investments in other equity 461706297.30 471794043.90

instruments

Other non-current financial assets

Investment property 815337958.80 810582038.87

Fixed assets 3418945383.08 3586917576.90

Construction in progress 224389452.61 223949659.06

Productive living assets

Oil and gas assets

Right-of-use assets 18764387.41 23771544.09

Intangible assets 399954927.44 383525440.66

Including: data resources

Development costs

Including: data resources

Goodwill 245346155.52 245346155.52

Long-term prepaid expense 334620236.13 335938420.48

Deferred income tax assets 145818621.19 144164584.33

Other non-current assets 241872667.69 307714497.11

Total non-current assets 6537747173.15 7438594308.15

Total assets 16295078719.75 17167245635.67

Current liabilities:

Short-term borrowings 563895450.86 635015074.86

Borrowings from the central bank

Loans from other banks and financial

institutions

Held-for-trading financial liabilities

Derivative financial liabilities

Notes payable 2223244368.39 2179070444.41

Accounts payable 1875288677.10 2443871780.95

Advances from customers 1722309.19 328004.34

Contract liabilities 114334561.14 140787246.73

Financial assets sold under

repurchase agreements

Customer deposits and deposits from

other banks and financial institutions

Payables for acting trading of

securities

Payables for underwriting of

securities

Employee benefits payable 137136458.35 167248995.64

Taxes and levies payable 60338522.47 91181551.13

Other payables 301937118.01 372152039.73

Including: Interest payable

Dividends payable

Fees and commissions payable

Reinsurance payables

Liabilities directly associated with

assets held for sale

Current portion of non-current 197427305.71 131296 264 00liabilities .Other current liabilities 94085773.47 81286297.53

Total current liabilities 5569410544.69 6242237699.32

Non-current liabilities:

Insurance contract reserve

Long-term borrowings 99403397.24 192915075.78

Bonds payable

Including: Preference shares

Perpetual bonds

Lease liabilities 10795499.93 15354724.02

Long-term payables

Long-term employee benefits

payable

Provisions 19614057.49 17991357.40

Deferred income 112864191.51 116931745.07

Deferred income tax liabilities 141878220.29 150196615.46

Other non-current liabilities 107831.23 107831.23

Total non-current liabilities 384663197.69 493497348.96

Total liabilities 5954073742.38 6735735048.28

Owners’ equity:

Share capital 1535778230.00 1535778230.00

Other equity instruments

Including: Preference shares

Perpetual bonds

Capital reserves 843412968.15 843517955.90

Less: Treasury stock

Other comprehensive income 199899474.78 227147391.31

Specific reserve 5500892.70 3436494.07

Surplus reserves 189358133.42 189358133.42

General reserve

Retained earnings 4011436312.56 4035582297.14

Total equity attributable to owners of the 6785386011.61 6 834 820 501

Company as the parent .

84

Non-controlling interests 3555618965.76 3596690085.55

Total owners’ equity 10341004977.37 10431510587.39

Total liabilities and owners’ equity 16295078719.75 17167245635.67

Legal representative: Yu Zhongmin

Person in charge of accounting work: Li Zehua

Person in charge of the accounting department: Li Yizhi

2. Consolidated Income Statement for Q1-Q3

Unit: RMB

Item Q1-Q3 2026 Q1-Q3 2025

1. Revenues 6128921564.22 6532199832.37

Including: Operating revenue 6128921564.22 6532199832.37

Interest revenue

Insurance premium income

Fee and commission income

2. Costs and expenses 6199311155.47 6398351267.79

Including: Cost of sales 5148046338.85 5349187907.07

Interest costs

Fee and commission expense

Surrenders

Net insurance claims paid

Net amount provided as

insurance contract reserve

Expenditure on policy

dividends

Reinsurance premium expense

Taxes and levies 51599243.47 52167209.97

Selling expense 266547177.88 266412731.31

Administrative expense 345796540.05 336659001.12

R&D expense 365576155.50 411787720.01

Finance costs 21745699.72 -17863301.69

Including: Interest costs 16004025.48 13226344.82

Interest revenue 25668948.01 28591087.05

Add: Other income 54123242.04 72233682.81

Return on investment (“-” for 46180814.25 39369loss)

257.40

Including: Share of profit or 8388900.73 750347.78

loss of joint ventures and associates

Income from the

derecognition of financial assets at

amortized cost (“-” for loss)

Exchange gain (“-” for loss)

Net gain on exposure hedges (“-”

for loss)

Gain on changes in fair value (“-”

-1203239.63 1

for loss)

376438.86

Credit impairment loss (“-” for

-10796092.16 -8606983.81

loss)

Asset impairment loss (“-” for

-57143200.78 -38950356.92

loss)

Asset disposal income (“-” for 4062197.79 2985loss)

690.65

3. Operating profit (“-” for loss) -35165869.74 202256293.57

Add: Non-operating income 45753931.89 2470572.42

Less: Non-operating expense 2140218.23 2842964.87

4. Profit before tax (“-” for loss) 8447843.92 201883901.12

Less: Income tax expense 15946074.21 19197772.12

5. Net profit (“-” for net loss) -7498230.29 182686129.00

5.1 By operating continuity

5.1.1 Net profit from continuing

-7498230.29 182 686 129 00

operations (“-” for net loss) .

5.1.2 Net profit from

discontinued operations (“-” for net loss)

5.2 By ownership

5.2.1 Net profit attributable toowners of the Company as the parent (“- 52642926.92 141006830.59” for net loss)

5.2.1 Net profit attributable to non-

-60141157.21 41679298.41

controlling interests (“-” for net loss)

6. Other comprehensive income net of

-28776578.59 180036119.91

tax

Attributable to owners of the

-27247916.53 180

Company as the parent

955933.71

6.1 Items that will not be

-21452084.62 181 967 425 64

reclassified to profit or loss .

6.1.1 Changes caused by

remeasurements on defined benefit

schemes

6.1.2 Other comprehensive

income that will not be reclassified to

profit or loss under the equity method

6.1.3 Changes in the fair value of

-21452084.62 181 967 425 64

investments in other equity instruments .

6.1.4 Changes in the fair value

arising from changes in own credit risk

6.1.5 Other

6.2 Items that will be reclassified to

-5795831.91 -1011491.93

profit or loss

6.2.1 Other comprehensive

income that will be reclassified to profit

or loss under the equity method

6.2.2 Changes in the fair value of

other debt investments

6.2.3 Other comprehensive

income arising from the reclassification

of financial assets

6.2.4 Credit impairment

allowance for other debt investments

6.2.5 Reserve for cash flow

hedges

6.2.6 Differences arising from the

translation of foreign currency- -5795831.91 -1011491.93

denominated financial statements

6.2.7 Other

Attributable to non-controlling

-1528662.06 -919813 80interests .

7. Total comprehensive income -36274808.88 362722248.91

7.1 Attributable to owners of the 25395010.39 321962764.30Company as the parent

7.2 Attributable to non-controlling

-61669819.27 40759484.61

interests

8. Earnings per share

8.1 Basic earnings per share 0.0343 0.0918

8.2 Diluted earnings per share 0.0343 0.0917

Where business combinations under common control occurred in the current period the net profit achieved by the acquirees before

the combinations was RMB0.00 with the amount for the same period of last year being RMB0.00.Legal representative: Yu Zhongmin

Person in charge of accounting work: Li Zehua

Person in charge of the accounting department: Li Yizhi

3. Consolidated Cash Flow Statement for Q1-Q3

Unit: RMB

Item Q1-Q3 2026 Q1-Q3 2025

1. Cash flows from operating activities:

Proceeds from sale of commodities 5664110126.86 6 136 832 938 37

and rendering of services .Net increase in customer deposits and

deposits from other banks and financial

institutions

Net increase in borrowings from the

central bank

Net increase in loans from other

financial institutions

Premiums received on original

insurance contracts

Net proceeds from reinsurance

Net increase in deposits and

investments of policy holders

Interest fees and commissions

received

Net increase in loans from other

banks and financial institutions

Net increase in proceeds from

repurchase transactions

Net proceeds from acting trading of

securities

Tax and levy rebates 132451408.82 116505804.66

Cash generated from other operating 130299693.48 152887535.19

activities

Subtotal of cash generated from 5926861229.16 6406226278.22

operating activities

Payments for commodities and 4222337730.84 4 567 641 268 40

services .Net increase in loans and advances to

customers

Net increase in deposits in the central

bank and other banks and financial

institutions

Payments for claims on original

insurance contracts

Net increase in loans to other banks

and financial institutions

Interest fees and commissions paid

Policy dividends paid

Cash paid to and for employees 1135064926.53 1159646469.89

Taxes and levies paid 239910349.43 293332979.28

Cash used in other operating 294954974.99 344 471 315 04

activities .Subtotal of cash used in operating 5892267981.79 6 365 092 032 61

activities .Net cash generated from/used in 34593247.37 41 134 245 61

operating activities .

2. Cash flows from investing activities:

Proceeds from disinvestment 475566932.89 859119175.12

Return on investment 30998467.14 15732609.12

Net proceeds from the disposal of

fixed assets intangible assets and other 12954479.33 846610.25

long-lived assets

Net proceeds from the disposal of

subsidiaries and other business units

Cash generated from other investing

23 491 657 16

activities .Subtotal of cash generated from 519519879.36 899190 051 65investing activities .Payments for the acquisition of fixed

assets intangible assets and other long- 278450575.23 280674030.06

lived assets

Payments for investments 881339182.91 720520000.00

Net increase in pledged loans granted

Net payments for the acquisition of

subsidiaries and other business units

Cash used in other investing 76800.00 36941818 53activities .Subtotal of cash used in investing 1159866558.14 1

activities

038135848.59

Net cash generated from/used in

-640346678.78

investing activities -

138945796.94

3. Cash flows from financing activities:

Capital contributions received 22467537.92

Including: Capital contributions by 22467537.92

non-controlling interests to subsidiaries

Borrowings received 287153358.16 218768004.07

Cash generated from other financing 142172397.42 11 903 942

activities .

08

Subtotal of cash generated from 451793293.50 230 671 946 15

financing activities .Repayment of borrowings 641924266.07 280054239.75

Interest and dividends paid 95430006.93 224536815.02

Including: Dividends paid by 5623776.25 31998652.43

subsidiaries to non-controlling interests

Cash used in other financing activities 6563233.22 81887484.53

Subtotal of cash used in financing 743917506.22 586478539.30

activities

Net cash generated from/used in

-292124212.72 -355806593.15

financing activities

4. Effect of foreign exchange rates

-30224712.24 392973changes on cash and cash equivalents .

91

5. Net increase in cash and cash

-928102356.37 -453225equivalents

170.57

Add: Cash and cash equivalents 2819359299.72 2 684 382 020 41

beginning of the period .

6. Cash and cash equivalents end of the 1891256943.35 2231156849 84period .

Legal representative: Yu Zhongmin

Person in charge of accounting work: Li Zehua

Person in charge of the accounting department: Li Yizhi

ii. Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation of

the New Accounting Standards Implemented since 2026

□ Applicable□ Not applicable

iii. Independent Auditor’s Report

Indicate whether the financial statements above have been audited by an independent auditor.□ Yes□ No

These financial statements have not been audited by such an auditor.The Board of Directors

Foshan Electrical and Lighting Co. Ltd.October 27 2026