*ST Tianshan: Disclosure of progress in the preparation and audit of the 2025 annual report, expected net loss of 16-23 million yuan.*

ST Tianshan Announcement stated that the company's stock will be subject to delisting warning from April 30, 2025. If certain conditions occur in 2025, the company will face the risk of delisting. The company expects a net loss of 16-23 million yuan attributable to shareholders in 2025, with operating revenue of 145-185 million yuan, and owner's equity of 27-35 million yuan. As of the disclosure date of the announcement, whether the non-standard opinions in the 2024 audit report have been eliminated is still under audit. The preparation and audit work of the 2025 annual report is proceeding as planned, with the expected disclosure date being April 25, 2026.