Guangdong Xingguang Development Co., Ltd. Fifth Risk Warning Announcement Regarding the Possible Delisting of the Company's Stock

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Stock code: 002076 Stock abbreviation: *ST Star Light (rights protection) Announcement No.: 2026-010

Guangdong Star Light Development Co., Ltd.

Fifth Risk Warning Announcement Regarding the Possibility of Termination of Listing of the Company’s Stock

The Company and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, and there are no false records, misleading statements, or material omissions.

Special Notice:

1. Guangdong Star Light Development Co., Ltd. (hereinafter referred to as the “Company”) disclosed on April 28, 2025 the “Announcement Regarding the Company’s Stock Trading Being Implemented with Delisting Risk Warning and Suspension” (Announcement No.: 2025-022). Due to the fact that, for the fiscal year 2024, all three—total profit, net profit, and net profit after deducting non-recurring gains and losses—were negative after audit, and the operating revenue after deduction was below RMB 300 million, the Company’s stock was subject to delisting risk warning starting from April 29, 2025. If, for fiscal year 2025, one of the circumstances specified in Article 9.3.12 of the Shenzhen Stock Exchange’s Rules Governing the Listing of Stocks occurs, the Shenzhen Stock Exchange will decide to terminate the Company’s stock listing. Investors are kindly requested to pay attention to investment risks.

2. Pursuant to Article 9.3.6 of the Shenzhen Stock Exchange’s Rules Governing the Listing of Stocks, “‘After an listed company’s stock trading has been implemented with a delisting risk warning due to meeting one of the circumstances specified in Article 9.3.1, first paragraph, items 1 through 3, the company shall, within one month after the end of the accounting year in which its stock trading has been implemented with the delisting risk warning, disclose a risk warning announcement on the possibility that the stock may be terminated from listing. From the disclosure of the first risk warning announcement until the disclosure of the annual report, the company shall disclose a risk warning announcement once every ten trading days,’ the Company shall disclose a risk warning announcement regarding the possibility of termination of listing of its stock. This announcement is the Company’s fifth risk warning announcement.”

3. As of the date of disclosure of this announcement, the Company’s related work for preparing and auditing the 2025 annual report is underway. The financial data for 2025 has not yet been finalized. The possible delisting circumstances the Company may face are as shown in the table below:

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I. Reasons Why the Company’s Stock May Be Terminated from Listing

On April 28, 2025, the Company disclosed the “Announcement Regarding the Company’s Stock Trading Being Implemented with Delisting Risk Warning and Suspension” (Announcement No.: 2025-022). Due to the fact that, for fiscal year 2024, all three—total profit, net profit, and net profit after deducting non-recurring gains and losses—were negative after audit, and the operating revenue after deduction was below RMB 300 million, in accordance with the provisions of Article 9.3.1, first paragraph, item 1 of the Shenzhen Stock Exchange’s Rules Governing the Listing of Stocks, the Company’s stock has been subject to a delisting risk warning starting from April 29, 2025.

Pursuant to Article 9.3.12 of the Shenzhen Stock Exchange’s Rules Governing the Listing of Stocks, “Where an listed company, after its stock trading has been implemented with a delisting risk warning due to meeting the circumstances specified in Article 9.3.1, first paragraph, of these Rules, if in the next subsequent year—corresponding to the year in which the delisting risk warning circumstances were actually met—any of the following circumstances occurs, this Exchange shall decide to terminate the trading of its stock for listing:

(I) Among the audited total profit, net profit, and net profit after deducting non-recurring gains and losses, the lowest of the three is negative, and the operating revenue after deduction is below RMB 300 million.

(II) The audited net assets at the end of the period are negative.

(III) The audit report on the financial accounting report is issued with a disclaimer of opinion, an unable-to-express opinion, or an adverse opinion.

(IV) After retrospective restatement, among the total profit, net profit, and net profit after deducting non-recurring gains and losses, the lowest of the three is negative, and the operating revenue after deduction is below RMB 300 million; or the net assets at the end of the period are negative after retrospective restatement.

(V) The internal control of the financial report is accompanied by an audit report with a disclaimer of opinion or an adverse opinion.

(VI) Failure to disclose the internal control audit report as required, except where disclosure cannot be made in accordance with relevant rules due to completion of bankruptcy reorganization, a listed-company reorganization listing, or a major asset reorganization.

(VII) Failure to disclose an annual report, within the statutory time limit, with more than half of the directors’ guarantees that the report is true, accurate, and complete.

(VIII) Although the requirements under Article 9.3.8 are met, the company fails to apply to this Exchange for the withdrawal of the delisting risk warning within the prescribed period.

(IX) The application for withdrawal of the delisting risk warning is not approved by this Exchange.

(X) Other circumstances deemed by this Exchange.”

If, after the Company discloses its 2025 annual report, any one of the above-mentioned circumstances occurs as stipulated in the aforementioned provisions, the Company’s stock will be terminated from listing by the Shenzhen Stock Exchange.

II. Key Risk Items in Focus

Based on the Company’s preliminary estimates by its finance department, for fiscal year 2025 it is expected that: total profit will be from -9.0 million to -5.5 million, net profit attributable to shareholders of the listed company will be from -6.0 million to -3.0 million, net profit after deducting non-recurring gains and losses will be from -9.5 million to -5.0 million, operating revenue will be from 300M to 360M, operating revenue after deduction will be from 410M to 340M, and shareholders’ equity attributable to shareholders of the listed company will be from 370M to 330M. The above figures have not been audited by an accounting firm; the final financial data shall be based on the audited 2025 annual report officially disclosed by the Company. For details, please refer to the “2025 Performance Forecast” published by the Company on January 30, 2026 on the Juchao Information website (www.cninfo.com.cn) (Announcement No.: 2026-001).

III. Disclosure of Prior Risk Warning Announcements Regarding Termination of Listing

Pursuant to Article 9.3.6 of the Shenzhen Stock Exchange’s Rules Governing the Listing of Stocks, “‘After an listed company’s stock trading has been implemented with a delisting risk warning due to meeting one of the circumstances specified in Article 9.3.1, first paragraph, items 1 through 3, the company shall, within one month after the end of the accounting year in which its stock trading has been implemented with the delisting risk warning, disclose a risk warning announcement on the possibility that the stock may be terminated from listing. From the disclosure of the first risk warning announcement until the disclosure of the annual report, the company shall disclose a risk warning announcement once every ten trading days,’ the Company shall disclose a risk warning announcement regarding the possibility of termination of listing of its stock.”

On January 30, 2026, the Company disclosed on the Juchao Information website (www.cninfo.com.cn) the “Risk Warning Announcement Regarding the Possibility of Termination of Listing of the Company’s Stock” (Announcement No.: 2026-002).

On February 13, 2026, the Company disclosed on the Juchao Information website (www.cninfo.com.cn) the “Second Risk Warning Announcement Regarding the Possibility of Termination of Listing of the Company’s Stock” (Announcement No.: 2026-004).

On March 9, 2026, the Company disclosed on the Juchao Information website (www.cninfo.com.cn) the “Third Risk Warning Announcement Regarding the Possibility of Termination of Listing of the Company’s Stock” (Announcement No.: 2026-005).

On March 23, 2026, the Company disclosed on the Juchao Information website (www.cninfo.com.cn) the “Fourth Risk Warning Announcement Regarding the Possibility of Termination of Listing of the Company’s Stock” (Announcement No.: 2026-008).

This announcement is the fifth risk warning announcement. Investors are kindly requested to pay attention to investment risks.

IV. Other Matters

As of the date of disclosure of this announcement, the audit work for the Company’s 2025 annual report is progressing in an orderly manner. The data in the “2025 Performance Forecast” are the results of the preliminary estimates by the Company’s finance department; the final 2025 financial data will be based on the “2025 Annual Report” disclosed by the Company in the designated information disclosure media.

The Company hereby earnestly reminds investors that the Company’s selected information disclosure media are “China Securities Journal,” “Securities Times,” “Shanghai Securities News,” “Economic Reference News,” and the Juchao Information website (www.cninfo.com.cn). All information of the Company shall be subject to the information published in the above designated media. Investors are kindly requested to make rational investment decisions and pay attention to investment risks.

This announcement is hereby issued.

Board of Directors of Guangdong Star Light Development Co., Ltd.

April 6, 2026

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