CITIC Securities: The company's stock will be subject to delisting risk warning.

China Broadcasting Tianze announced that if the company's audited total profit, net profit, and net profit after deducting non-recurring gains or losses for the fiscal year 2024 are negative, and the operating income after deducting business income unrelated to the main business and income without commercial substance is less than 300 million yuan, the company's stock will be subject to delisting risk warning. After the implementation, the A-share abbreviation will be changed to *ST Tianze, and the stock code will remain 603721. The company's stock will be suspended for 1 day on April 30, 2025, and trading will resume with the delisting risk warning implemented on May 6, 2025. After the implementation of the delisting risk warning, the company's stock will be traded on the risk warning board with a daily price fluctuation limit of 5%.