How is the progress of the land application for the Research and Development Center project? Tiancheng Technology responds.

For one of the investment projects of the company's IPO, the construction project of the Zhuhai Research and Development Center, Tiancheng Technology previously stated that the construction land for the project had "not been acquired". Recently, when responding to reporters, the company also stated about the land situation of the project: "Our company has been applying for it, and the current status is that we cannot obtain the land parcel." "Currently, the project is progressing normally. If the research and development center indeed cannot be built due to land issues, our company will consider alternative layouts and construction of related functions, which will not affect the overall development strategy and business strategy of the company, actively creating returns for investors." Tiancheng Technology said. However, the Zhuhai Natural Resources Bureau recently replied to reporters that Tiancheng Chemical, a subsidiary of Tiancheng Technology, submitted an application to the Zhuhai Economic and Technological Development Zone Management Committee on February 27, 2025, relinquishing the land for the research and development center project.