Tianshan Co., Ltd.: Announcement on the Progress of Production Capacity Indicators of Subsidiaries Transferred through Public Listing

1, Tianshan Stock Company announced that on December 12, 2025, the company held the eleventh meeting of the ninth board of directors to consider and adopt the Bill on Capacity Indicators of Publicly Listed Transfer Subsidiaries. It is agreed that the production capacity indicators of 7 cement clinker production lines under the subsidiary will be transferred by public listing, and the total production capacity indicators to be listed are 17,850t/d, equivalent to 5.355 million tons. The total transfer amount is approximately RMB 297,526,500.

Currently, Chongqing Qijiang Southwest Cement Co., Ltd., Chongqing Changshou Southwest Cement Co., Ltd., Wulanchab u Zhonglian Cement Co., Ltd., The production capacity indicators of the corresponding 5 cement clinker production lines of Yunnan Chengjiang Huarong Cement Co., Ltd. have been listed for transaction, with the final total transaction amount of 156,892,500 yuan, and the transaction parties have signed and performed the transaction contract. The base date of the assets appraisal report

of Sinoma Hanjiang Cement Co., Ltd. is August 31, 2025, which has been one year, because the relevant administrative approval has not been completed during this period. It has not yet been publicly listed. For the production capacity index

of Yuncheng Zhonglian Cement Co., Ltd., the benchmark date of its appraisal report is May 31, 2025, which has been publicly listed in the Property Exchange on December 24, 2025 and is still in the process of listing.

The table is from the screenshot

of the announcement. After the completion of the transfer of the capacity indicators of the five cement clinker production lines that have been listed for transaction, the impact on the disposal profit and loss of the company has been included in the 2025 annual report, the first quarterly report and the semi-annual report of 2026 respectively, and the specific impact amount shall be subject to the annual audited financial report. There are still uncertainties in the capacity indicators that

are still publicly listed, whether the transaction can be concluded and the price of the transaction, and other impacts after the transfer of capacity indicators are still uncertain.

The transaction will not lead to changes in the scope of the company's consolidated statements, will not have a significant impact on the company's operating conditions, and will not harm the interests of the company and its shareholders, especially the minority shareholders.