Tianshan shares received compensation of 225 million yuan

On December 17, Tianshan Stock Company announced that on August 29, the government of Gusu District of Suzhou City issued document No.53 of Gusu Prefecture [2025]. The land and housing structures of Suzhou Concrete and Cement Products Research Institute Co., Ltd. (Hereinafter referred to as "Suhuanyuan") , a subsidiary of Tianshan Materials Co., Ltd., located at 718 Sanxiang Road and 64 Laohejiatang Bank, are included in the supplementary expropriation plan.

Suhuyuan intends to sign a pre-compensation agreement with Jinyi Street Office of Gusu District, with a compensation amount of about 225 million yuan (including rent clearance, relocation, etc.) , and the final amount shall be subject to the formal agreement. On December 17, the twelfth meeting of the ninth board of directors of Tianshan Materials deliberated and approved the levy bill, which belongs to the decision-making authority of the board of directors, does not need to be considered by the shareholders'meeting, and does not constitute relat ed party transactions and major asset reorganization.

Tianshan shares said that the levy was a transaction implemented according to the government's plan, which was conducive to the revitalization and utilization of the company's stock assets and in line with the company's long-term development plan.