The supplementary tax is 61.8558 million yuan! Tianshan subsidiary completes tax self-inspection and rectification

On December 5, Tianshan Stock Company announced that its subsidiaries had found differences in tax-related compliance in the recent enterprise tax self-examination, and that they needed to pay a total of 61.8558 million yuan in taxes and late fees.

As at the date of disclosure of this announcement, the Subsidiary has paid the above taxes and overdue fine, and this tax-related matter does not involve administrative penalties.

According to the relevant provisions of the Accounting Standards for Business Enterprises No.28 – Changes in Accounting Policies and Accounting Estimates and Correction of Errors, the above supplementary tax payment and overdue fine are not accounting errors in the previous period and do not involve retrospective adjustment of financial data in the previous period. The supplementary payment of the above taxes and late fees by the subsidiaries will be included in the current profit and loss in 2025, which is expected to affect the net profit of the Company in 2025 by approximately RMB61.8558 million, subject to the audited financial statements in 2025.