HongGuang Lighting : COMPLETION OF DISCLOSEABLE TRANSACTION PROPOSED ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF THE TARGET COMPANY INVOLVING ISSUE OF CONSIDERATION SHARES UNDER GENERAL MANDATE

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement and make no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of HongGuang Lighting Holdings Company Limited.

HONGGUANG LIGHTING HOLDINGS COMPANY LIMITED

宏 光 照 明 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6908)

COMPLETION OF DISCLOSEABLE TRANSACTION

PROPOSED ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF

THE TARGET COMPANY INVOLVING ISSUE OF

CONSIDERATION SHARES UNDER GENERAL MANDATE

Reference is made to the announcements of HongGuang Lighting Holdings Company Limited (the ''Company'') dated 25 February 2021 and 29 April 2021 in relation to the Acquisition (the ''Announcements''). Capitalized terms used herein shall have the same meanings as those defined in the Announcements unless the context otherwise requires.

The Company is pleased to announce that all of the conditions under the Sale and Purchase Agreement have been fulfilled and the completion of the Acquisition took place on 7 May 2021 in accordance with the terms and conditions of the Sale and Purchase Agreement. Following the Completion, the Target Company will become a wholly-owned subsidiary of the Company.

- 1 -

The Company allotted and issued 56,000,000 and 24,000,000 Consideration Shares to Vendor A and Vendor B respectively. Immediately following Completion, the shareholding structure of the Company is set out as follows:

Shareholders	Immediately upon Completion
			Approximate %
			of number of
	Number of Shares	Shares in issue
First Global Limited, Star Eagle Enterprises Limited and
Bigfair Enterprises Limited (note)	300,000,000		62.5%
Vendor A	56,000,000		11.7%
Vendor B	24,000,000		5.0%
Public Shareholders	100,000,000		20.8%
Total	480,000,000		100.0%

Note: The aggregate 300,000,000 Shares consist of (i) 100,500,000 Shares held by First Global Limited, a company wholly owned by Mr. Zhao Yi Wen; (ii) 100,500,000 Shares held by Star Eagle Enterprises Limited, a company wholly owned by Mr. Lin Qi Jian; and (iii) 99,000,000 Shares held by Bigfair Enterprises Limited, a company wholly owned by Mr. Chiu Kwai San. On 8 June 2016, Mr. Lin Qi Jian, Mr. Zhao Yi Wen and Mr. Chiu Kwai San entered into the concert parties confirmatory deed to acknowledge and confirm, among other things, that they are parties acting in concert with each other, and therefore First Global Limited, Star Eagle Enterprises Limited and Bigfair Enterprises Limited are deemed to be interested in the 300,000,000 Shares together under the SFO.

By order of the Board

HongGuang Lighting Holdings Company Limited

Zhao Yi Wen

Chairman and Executive Director

Hong Kong, 7 May 2021

As at the date of this announcement, the executive Directors are Mr. Zhao Yi Wen, Mr. Lin Qi Jian and Mr. Chan Wing Kin; the non-executive Director is Mr. Chiu Kwai San; and the independent non-executive Directors are Professor Chow Wai Shing, Tommy, Mr. Wu Wing Kuen, B.B.S. and Mr. Chan Chung Kik, Lewis.

If there is any inconsistency in this announcement between the Chinese and English versions, the English version shall prevail.

- 2 -