Xingguang Shares: Signs Strategic Cooperation Agreement with High-Tech Zone Group

On the evening of July 18, Xingguang Shares announced that on July 18, 2024, the company signed a "Strategic Cooperation Agreement" with Guangzhou High-Tech Zone Investment Group Co., Ltd. (hereinafter referred to as "High-Tech Zone Group"). Based on long-term development considerations, both parties have formed a deep strategic partnership, and will carry out strategic cooperation in fields such as indoor and outdoor lighting, smart homes and smart parking lots, special light source lighting and UV sterilization, and information security.

Xingguang Shares stated that this agreement is a framework agreement and does not involve specific amounts.

The main content of the cooperation between the two parties is:

1. Leveraging its advantages in property resources, [[17. 产业与经济常用词]] resources, and regional coordination, the High-Tech Zone Group may prioritize recommending Starlight's related products and services within the scope permitted by policies and under equivalent market conditions.

2. Starlight leverages its solid technical background, rich project experience, and strong brand image in the fields of smart cities and smart parks to actively participate in projects of the High-Tech Zone Group, helping the Group revitalize existing properties and enhance property efficiency ratios and economic value.

3. Starlight plans to establish its Greater Bay Area sales center and information security [[17. 产业与经济常用词]] center in Huangpu, and under equivalent conditions, prioritize locating in properties owned by the High-Tech Zone Group, actively participating in the Group's comprehensive investment promotion and property destocking efforts for mutual benefit and win-win cooperation.

It is reported that the High-Tech Zone Group was established in 1984, formerly known as Guangzhou Economic and Technological Development Zone Industrial Development Corporation, and is one of the earliest state-owned enterprises established in the Guangzhou Development Zone. After nearly four decades of development, it has now become a large comprehensive state-owned enterprise group with biomedicine, inspection and testing, medical aesthetics and health, and other biomedical and health [[17. 产业与经济常用词]]s as its main responsibilities and core businesses, with total assets exceeding 80 billion yuan, more than 70 wholly-owned and holding subsidiaries, and more than 90 participating companies. In the field of biomedical and health [[17. 产业与经济常用词]], it provides targeted support and full-chain services for the development of many large, medium, and small enterprises, building a world-class ecosystem, constructing a world-class demonstration zone, and creating a gathering place for globally renowned enterprises, committed to becoming an operator of world-class biomedical [[17. 产业与经济常用词]] clusters in the Guangdong-Hong Kong-Macao Greater Bay Area.

The company deeply integrates resources and introduces teams, focusing on investing in and actively expanding businesses such as engineering lighting, commercial lighting, smart home, UV disinfection, and information security. Starlight stated that this strategic cooperation with the High-Tech Zone Group, through resource sharing and integration, will help the company broaden its sales [[17. 产业与经济常用词]]s, enhance market competitiveness, further increase the company's sales scale and profitability, have a positive impact on the company's operations and performance, and align with the company's long-term strategic development plan.

Xingguang Shares recently disclosed its performance forecast, estimating a net profit attributable to shareholders of the parent company of RMB 750,000 to RMB 1.1 million for the first half of 2024, compared to a loss of RMB 3.9143 million in the same period last year, turning losses into profits Year-on-year (YoY); a loss of RMB 4.75 million to RMB 6.4 million, compared to a loss of RMB 8.5978 million in the same period last year. The main reasons for the change in performance are the growth in Revenue and the Year-on-year (YoY) increase in investment income. In the first half of 2024, the company's was mainly due to investment income formed by the recovery and disposal of related investments and gains from debt restructuring.