Fuguang Co., Ltd.: Shareholder Fujian State-Owned Assets Plans to Reduce Holdings by No More Than 3%

Fuguang Co., Ltd. announced that as of the disclosure date, the shareholder holding more than 5% of shares, Fujian State-owned Assets Management Co., Ltd., owns 20.7823 million unrestricted circulating shares, accounting for 12.94%, and holds 8.5 million shares through pledge accounts, accounting for 5.29%. Due to funding needs, the state-owned asset company plans to reduce its holdings by no more than 4.8168 million shares, or no more than 3%, within three months after the announcement is disclosed, through centralized bidding and block trades. Among these, no more than 1.6056 million shares will be sold via centralized bidding, and no more than 3.2112 million shares via block trades. The reduction price will be determined based on the market price at the time of implementation.