Tailong Lighting Controller Zhuangzhanlong's Large-Handed Equity Release Pledge

- Dec 19, 2018-

Tailong (Fujian) Commercial Lighting Co., Ltd. (hereinafter referred to as "Company" or "Company") recently received a notice from the controlling shareholder and the actual controller, Mr. Zhuangzhanlong, that Mr. Zhuangzhanlong had partially cancelled the pledge of shares. The details are as follows:

Basic Situation of Partial Release of Pledge of Controlling Shareholder's Equity

1. The basic situation of the controlling shareholder's right to cancel the pledge

2. Accumulative pledge of shareholders'shares

As of the disclosure date of this announcement, Mr. Zhuangzhanlong holds 33,048,000 shares of the company, accounting for 30.78% of the total shares of the company. His shares of listed companies are pledged 12,790,000 shares, accounting for 38.70% of the company's shares and 11.91% of the company's total share capital.

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