Wanli Stone: Holding subsidiary Wanli Stone in Tianjin will suspend operations from March 12th.

Wanli Stone announced that in order to reduce losses and protect the interests of shareholders, its holding subsidiary Tianjin Wanli Stone will suspend production and operation starting from March 12, 2026, and will begin arranging personnel and disposing of assets. The company was established on September 1, 2000, with a registered capital of 18.39 million RMB, and Wanli Stone holds 66.6884% of the shares. Over the past five years, its production and operation have been consistently incurring losses, with a net profit of -11.8523 million RMB in 2024, accounting for 21.77% of the absolute value of the company's net profit attributable to the parent company. This shutdown is expected to reduce its impact on the company's performance and will not affect the company's main business.