Supplementary Announcement of Shanghai Roman Lighting Technology Co., Ltd. on Outbound Investment and Signing of Equity Transfer Agreement

Stock code: 605289 Stock abbreviation: Roman Shares Announcement number: 2021-050

The Company and all members of the Board of Directors warrant that the information disclosed is true, accurate and complete and that there are no misrepresentations, misleading statements or material omissions. and is solely and jointly liable for the truthfulness, accuracy and completeness of its contents.

Important Content Tips:

Shanghai Roman Lighting Technology Co., Ltd. (hereinafter referred to as the "Company") invested in Shanghai Huacheng Intelligent Transportation Technology Co., Ltd. (hereinafter referred to as "Huacheng Intelligent") faces the following risks:

2. As of September 30, 2021, Huacheng Intelligent has not yet carried out substantive business, and has not yet achieved operating income and profit. In the future, if the business market and new product development are not as expected, there are certain market business development and operation management risks.

3. This foreign investment is mainly a financial investment, which will not have a significant impact on the company's current and later financial situation and operating results.

Investors are reminded of investor risks.

On October 26, 2021, Shanghai Roman Lighting Technology Co., Ltd. disclosed the company's "Announcement on Overseas Investment and Signing of Equity Transfer Agreement" (Announcement No. 2021-049) on the website of the Shanghai Stock Exchange (www.sse.com.cn), and the company intends to purchase 5% of the equity of Shanghai Huacheng Intelligent Transportation Technology Co., Ltd. for a consideration of 0 yuan, and at the same time, with two utility model patent technologies owned by the company - "smart street lamp management control system" and "anti-theft tracking distribution box" Invested RMB 1.5 million in Huacheng Intelligent. The following additional disclosures are made for this outbound investment:

First, the risks faced by investing in Huacheng Intelligent

Based on the technical accumulation of smart street lights and good expectations for intelligent transportation, after investing in Huacheng Intelligence, the two sides will jointly promote the formation of perfect technical products and system solutions in the fields of intelligent transportation upgrading and construction of public roads. This outbound investment is facing two major risks:

1. Cooperation risk:

Due to the short establishment time of Huacheng Intelligent, the current cooperation intention of the two sides is only a preliminary plan, there is no specific cooperation agreement and cooperation project, the specific cooperation content and progress will be further implemented and promoted according to the relevant documents signed by the two sides, and there is certain uncertainty about whether the cooperation between the two sides can be implemented normally.

2. Follow-up business risks:

As of September 30, 2021, Huacheng Intelligent has not yet carried out substantive business, and has not yet realized operating income and profit. In the future, if the business market and new product development are not as expected, there are certain market business development and operation management risks.

Second, the impact on listed companies

In this outbound investment, the company mainly obtains investment income by enhancing the closeness with Huacheng Intelligent business customers, does not directly participate in operation and management, and does not have control over Huacheng Intelligent. The outward investment is mainly a financial investment.

As of September 30, 2021, Huacheng Intelligent has not carried out substantive business, which has no impact on the company's existing business development and main business composition; this foreign investment accounts for about 0.23% of the company's audited net assets in 2020, and will not have a significant impact on the company's current and later financial position and operating results.

Huacheng Intelligent has not yet achieved operating income and profits, the follow-up operation situation is affected by business expansion, market competition and other factors such as uncertainty, there is also a situation that affects its future earnings due to changes in the upstream and downstream of the industry, the external environment, economy, technology and other factors, the company's management will pay close attention to the development of developments, and actively respond to possible operational risks. Investors are advised to be aware of the investment risks.

This is hereby announced.

Shanghai Roman Lighting Technology Co., Ltd

Board of Directors

October 26, 2021