Foshan Electrical and Lighting Co. Ltd. Interim Report 2023 (Summary)

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 Notes

This Summary is based on the full Interim Report of Foshan Electrical and Lighting Co. Ltd. (together with its

consolidated subsidiaries the “Company” except where the context otherwise requires). In order for a full

understanding of the Company’s operating results financial condition and future development plans investors

should carefully read the aforesaid full text which has been disclosed together with this Summary on the media

designated 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

Stock name FSL FSL-B Stock code 000541 200541

Stock exchange for stock listing Shenzhen Stock Exchange

Contact information Board Secretary Securities Representative

Name Huang Zhenhuan Huang Yufen

No. 64 Fenjiang North Road No. 64 Fenjiang North Road

Office address Chancheng District Foshan City Chancheng District Foshan City

Guangdong Province P.R.China Guangdong Province P.R.China

Tel. （0757）82810239 （0757）82966028

E-mail address fsldsh@chinafsl.com fslhyf@163.com

1Foshan Electrical and Lighting Co. Ltd. Interim Report 2023 (Summary)

2. Key Financial Information

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

Reason for retrospective restatement:

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

H1 2022 Change (%)

H1 2023

Before Restated Restated

Operating revenue

4566062729.024348268999.314433331393.422.99%

(RMB)

Net profit attributable

to the listed company’s 168935232.54 160664433.28 163528019.78 3.31%

shareholders (RMB)

Net profit attributable

to the listed company’s

shareholders before 180389211.53 160862524.18 162214595.34 11.20%

exceptional gains and

losses (RMB)

Net cash generated

from/used in operating 387869057.20 150034906.39 177102491.01 119.01%

activities (RMB)

Basic earnings per

0.12520.11910.12123.30%

share (RMB/share)

Diluted earnings per

0.12400.11800.12013.25%

share (RMB/share)

Weighted average

3.23%2.68%2.03%1.20%

return on equity (%)

31 December 2022 Change (%)

30 June 2023

Before Restated Restated

Total assets (RMB) 15119943822.76 15287061119.70 15288860907.09 -1.10%

Equity attributable to

the listed company’s 5156107466.23 5173066095.76 5173011348.74 -0.33%

shareholders (RMB)

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 initial

recognition 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

Number of ordinary Number of preferred shareholders with

660190

shareholders resumed voting rights (if any)

Top 10 shareholders

Shareholdi Shares in pledge marked

Name of Nature of

ng Number of shares Restricted shares or frozen

shareholder shareholder

percentage Status Shares

Hong Kong Foreign

13.84%188496430

Wah Shing corporation

2Foshan Electrical and Lighting Co. Ltd. Interim Report 2023 (Summary)

Holding

Company

Limited

Prosperity

Lamps & Foreign

10.79%146934857

Component corporation

s Limited

Guangdong

Electronics State-

Informatio owned 9.01% 122694246

n Industry corporation

Group Ltd.Guangdong

Rising State-

Holdings owned 6.10% 83130898

Group Co. corporation

Ltd.Essence

Internation

al

Foreign

Securities 2.78% 37896494

corporation

(Hong

Kong)

Limited

Central

Huijin State-

Asset owned 2.43% 33161800

Manageme corporation

nt Co. Ltd.Rising

Investment Foreign

1.87%25482252

Developme corporation

nt Limited

Zhuang Foreign

0.87%119035098927632

Jianyi individual

Zhang Domestic

0.86%11700000

Shaowu individual

Hong Kong

Securities

Foreign

Clearing 0.68% 9296300

corporation

Company

Limited

Among the top 10 shareholders Hongkong Wah Shing Holding Company Limited Guangdong

Rising Holdings Group Co. Ltd. Guangdong Electronics Information Industry Group Ltd. and

Related or acting-in-

Rising Investment Development Limited are acting-in-concert parties; and Prosperity Lamps &

concert parties among the

Components Limited and Zhuang Jianyi are acting-in-concert parties. Apart from that it is unknown

shareholders above

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.Shareholders involved in

securities margin trading None

(if any)

4. Change of the Controlling Shareholder or the Actual Controller in the Reporting Period

Change 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:

3Foshan Electrical and Lighting Co. Ltd. Interim Report 2023 (Summary)

□ 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 RMB1094.5518 million through an offering of

A-stock shares to specific parties. The amount exclusive of the issuance costs will be used to invest in the FSL

automation and digital transformation construction project the FSL Hainan Industrial Park Phase I the

intelligent 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 39th Meeting of

the 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 with

respect 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 other

relevant proposals were approved at the 44th Meeting of the Ninth Board of Directors and the 22nd Meeting of

the Ninth Supervisory Committee. As such it was approved to grant no more than 13000000 restricted shares

(accounting for 0.95% of the Company’s total share capital of 1361.9946 million shares at the date of the

announcement on the draft plan of the incentive plan) to 262 awardees. To be specific there were 11.7 million

shares for the first grant accounting for 90.00% of the total grant under the incentive plan; and there were 1.3

million reserved shares accounting for 10.00% of the total grant under the incentive plan. The restricted shares

4Foshan Electrical and Lighting Co. Ltd. Interim Report 2023 (Summary)

were A-stock ordinary shares repurchased by the Company. And the grant price for the first grant was

RMB3.81/share. This equity incentive plan is subject to approval by the State-owned Assets Supervision and

Administration 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 other

relevant proposals that have been disclosed on http://www.cninfo.com.cn/ dated 13 June 2023.Foshan Electrical and Lighting Co. Ltd.Legal representative: Wu Shenghui

29August 2023

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