*ST Tianlong: Disclosure of Progress in the Preparation and Audit of the 2025 Annual Report; Risks of Delisting Exist*

ST Tianlong announced that the audited net assets at the end of 2024 were negative, and the net profit after deducting non-recurring items for the consecutive three years from 2022 to 2024 were all negative. After the disclosure of the 2024 annual report, the company's stock was subject to a "delisting risk warning" and continues to implement "other risk warnings". The company expects the net assets to turn positive in 2025, but the audit results are not yet certain. If one of the specified conditions occurs in the 2025 annual report, the company's stocks will be delisted. Currently, the company is progressing with the preparation and auditing of the 2025 annual report, and the expected disclosure date has been postponed from April 22, 2026 to April 30, 2026.