On June 26th, Gelonhui reported that Foshan Electrical and Lighting (000541.SZ) announced that on June 26th, 2024, the company received a "Notice of Shareholding in Foshan Electrical and Lighting and subsequent Shareholding plans" from Guangdong Province Electronics Industries Group Co., Ltd., a unanimous actor of the company's controlling shareholder Guangdong Province Guangsheng Holding Group Co. Ltd. and its wholly-owned subsidiary Hong Kong Huasheng Holding Co. Ltd. Based on their confidence in the company's future development prospects and value recognition, Electronic Group and Hong Kong Huasheng increased their shareholding in the company by 14,164,350 shares, accounting for 0.915% of the total share capital of the company, through the concentrated bidding trading system of the Shenzhen Stock exchange from June 3rd, 2024 to June 25th, 2024. Among them, they increased their shareholding in A shares by 8,745,300 shares, with an average increase price of RMB 4.772 per share; they increased their shareholding in B shares by 5,419,050 shares, with an average increase price of HKD 2.368 per share.
Electronic Group and Hong Kong Huasheng plan to increase their shareholding by no less than 1% and no more than 2% of the company's total share capital. The implementation period is within 6 months from the first shareholding (June 3, 2024).