[Tibet Tianlu Co., Ltd. 2025 Interim Results Forecast](index=1&type=section&id=%E8%A5%BF%E8%97%8F%E5%A4%A9%E8%B7%AF%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B82025%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) [Performance Forecast Overview](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company anticipates a wider net loss attributable to parent company shareholders, while the adjusted net loss is expected to narrow significantly - The performance forecast covers the period from January 1, 2025, to June 30, 2025[4](index=4&type=chunk) Key Metrics for 2025 Interim Performance Forecast | Metric | H1 2025 Forecast | H1 2024 Actual | YoY Change | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Parent (RMB 10,000s)** | -11,500.00 to -7,700.00 | -6,731.93 | Loss Widened 14.38% to 70.83% | | **Adjusted Net Profit Attributable to Parent (RMB 10,000s)** | -8,300.00 to -4,500.00 | -10,814.44 | Loss Narrowed 23.25% to 58.39% | [Prior Year Performance Review](index=2&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E4%B8%9A%E7%BB%A9%E6%83%85%E5%86%B5%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) In the same period of 2024, the company recorded a net loss attributable to shareholders and a negative earnings per share Key Financial Data for H1 2024 | Metric | Amount (RMB 10,000s) | | :--- | :--- | | Total Profit | -9,293.61 | | Net Profit Attributable to Parent Company Shareholders | -6,731.93 | | Adjusted Net Profit Attributable to Parent Company Shareholders | -10,814.44 | | Earnings Per Share (RMB) | -0.0543 | [Analysis of Performance Fluctuation](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E4%BA%8F%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The wider net loss was driven by non-operating items, particularly stock value changes, while core business performance was mixed [Core Business Impact Analysis](index=2&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%BD%B1%E5%93%8D) Core business segments showed varied performance, with construction profit constrained while building materials and other segments improved - Construction segment: Revenue grew from existing projects, but **profit growth was limited** by expenses and project suspensions in certain areas[7](index=7&type=chunk) - Building materials segment: Cement business profitability increased year-over-year due to market recovery and cost efficiencies, offsetting margin pressures[7](index=7&type=chunk) - Other segments: Highway supervision business revenue increased, leading to a **significant reduction in net loss** year-over-year[7](index=7&type=chunk) [Non-Operating Items Impact Analysis](index=2&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E6%8D%9F%E7%9B%8A%E7%9A%84%E5%BD%B1%E5%93%8D) Non-operating items were the primary driver of the increased net loss, mainly due to a significant reversal in stock investment fair value Fair Value Change in Stock Investments (RMB 10,000s) | Period | Fair Value Gain/Loss | | :--- | :--- | | H1 2025 (Forecast) | -3,939.39 | | H1 2024 (Actual) | +4,673.91 | [Risk Disclosures and Other Notes](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company states this forecast is a preliminary, unaudited result, with final figures subject to the official interim report - This performance forecast is a preliminary calculation by the finance department and has not been audited by a certified public accountant[10](index=10&type=chunk) - The company has stated that there are **no material uncertainties** affecting the accuracy of this performance forecast[10](index=10&type=chunk) - The final, accurate financial data will be based on the company's officially disclosed 2025 interim report[11](index=11&type=chunk)

Group 1 - The cement sector saw an increase of 1.75%, ranking 8th among concept sectors, with 32 stocks rising, including Sifang New Material and Sichuan Shuangma hitting the daily limit [1] - Notable gainers in the cement sector included Tibet Tianlu, Zhongtai Chemical, and Jinyu Group, which rose by 3.77%, 3.44%, and 2.53% respectively [1] - The sector experienced a net inflow of 233 million yuan, with 16 stocks receiving net inflows, and 8 stocks exceeding 10 million yuan in net inflow [2] Group 2 - The top net inflow stock was Sichuan Shuangma, with a net inflow of 113 million yuan, followed by China Energy Construction, Conch Cement, and Tibet Tianlu with net inflows of 93.47 million yuan, 66.49 million yuan, and 32.38 million yuan respectively [2][3] - The net inflow ratio for Sifang New Material, Sichuan Shuangma, and Ordos was 70.30%, 14.96%, and 14.27% respectively [3] - The trading volume and turnover rates for key stocks in the cement sector were highlighted, with Sichuan Shuangma showing a trading increase of 9.98% and a turnover rate of 5.00% [3][4]

General Provisions - Tibet Tianlu Co., Ltd. is established as a joint-stock company in accordance with the Company Law and other relevant regulations [2] - The company was approved by the Tibet Autonomous Region People's Government and registered with the local administration [2][3] - The registered capital of the company is RMB 1,323,334,858 [3] Business Objectives and Scope - The company's business objective is to meet market demand, pursue intensive operations, and raise necessary development funds through capital markets [6] - The company aims to expand its main business in highway engineering while gradually diversifying into a large comprehensive enterprise [6] - The approved business scope includes construction engineering, international road freight transport, and various other construction-related activities [7] Shares - The company's shares are issued in the form of stocks, with all shares being ordinary shares [8] - The total number of shares is 1,323,334,858, and the issuance follows principles of openness, fairness, and justice [8][20] - The company does not provide financial assistance for the purchase of its shares [8] Shareholder Rights and Obligations - Shareholders have rights to dividends, attend meetings, supervise the company, and transfer their shares [13] - Shareholders must comply with laws and the company's articles of association, and they cannot withdraw their capital except as legally permitted [16] - Major shareholders (over 5%) must report any pledging of their shares to the company [39] Shareholder Meetings - The company holds annual and extraordinary shareholder meetings, with the annual meeting occurring within six months after the end of the fiscal year [43] - Shareholder meetings can be convened by the board of directors or at the request of shareholders holding more than 10% of the shares [27] - Decisions at shareholder meetings require a simple majority for ordinary resolutions and a two-thirds majority for special resolutions [76][78] Voting and Decision-Making - Voting at shareholder meetings is based on the number of shares held, with each share representing one vote [79] - Related party shareholders must abstain from voting on transactions involving their interests [45] - The company must disclose the voting results and ensure transparency in the decision-making process [45]

西藏珠穆朗玛律师事务所 关于西藏天路股份有限公司 2025 年第二次临时股东大会之 法 律 意 见 书 CHOMOLUNGMA -LAW FIRM- ิง | | = ' สิ' สูต = ' = 珠穆朗玛律师事务所 地址: 拉萨市仙足岛南路11号 拉萨乃仓广场6号楼4层 2025.07.08. 1 西藏珠穆朗玛律师事务所关于西藏天路股份有限公司 2025年第二次 临时股东大会之法律意见书 本所律师仅依据本法律意见书出具日以前已经发生或存在的事实和我国相关 法律、法规、规范性文件、行业规定以及《公司章程》的规定,就本次 股东大会 的召集和召开程序、召集人和出席会议人员的资格、会议的表决程序以及表决结 果等有关事宜发表法律意见。本所律师并不对本次股东大会有关议案的内容及议 致:西藏天路股份有限公司 西藏珠穆朗玛律师事务所(以下简称"本所"）接受西藏天路股份有限公司 (以下简称"公司")的委托,指派旦增卓嘎律师、益西达瓦律师(以下简称"本 所律师")出席公司 2025年第二次临时股东大会(以下简称"本次股东大会")。 本所律师根据《中华人民共和国公司法》(以下简称"《公司法》")、《中华 人民共和国证券法》(以 ...

章 程 （2025年7月 修订版） 第一章 总则 第一条 为维护公司、股东和债权人的合法权益，规范公司的组织和行为，根据《中华人民共 和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）和其他有关 规定，制订本章程。 第二条 西藏天路股份有限公司系依照《公司法》和其他有关规定成立的股份有限公司（以下 简称"本公司"或"公司"）。 公司经西藏自治区人民政府藏政函（1999）80 号文和和西藏自治区经济贸易体制改革委员会 藏经委企复（1999）第 72 号文批准，以发起方式设立；在西藏自治区工商行政管理局注册登记， 取得营业执照，公司统一社会信用代码为 91540000710905111C。 第三条 公司于 2000 年 12 月 19 日经中国证券监督管理委员会证监发行字[2000]179 号文核 准，首次向社会公众发行人民币普通股 4000 万股，全部为向境内投资人发行的以人民币认购的内 资股(即人民币普通股)，于 2001 年 1 月 16 日在上海证券交易所上市。经中国证券监督管理委员会 证监发行字[2007]200 号文核准，2007 年 9 月 4 日公司向境内特定机构投 ...

| 证券代码：600326 | 证券简称：西藏天路 | | 公告编号：2025-42 号 | | --- | --- | --- | --- | | 转债代码：110060 | 转债简称：天路转债 | | | | 债券代码：188478 | 债券简称：21 | 天路 01 | | (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 761 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 388,555,358 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 29.2429 | 西藏天路股份有限公司 2025年第二次临时股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 7 月 8 日 (二)股东大会召开的地点：西藏拉萨市夺底路 14 号公司 6610 会议室 ...

Core Points - The stock price of Tibet Tianlu (600326) closed at 8.38 yuan on July 4, 2025, down 3.79% from the previous week [1] - The company has a total market capitalization of 11.135 billion yuan, ranking 6th in the cement sector and 1474th among all A-shares [1] Company Announcements - Tibet Tianlu will hold its second extraordinary general meeting on July 8, 2025, to discuss four key proposals, including providing a bank guarantee for its subsidiary, reappointing an auditing firm, amending the company’s articles of association, and providing guarantees for a controlling subsidiary [1][4] - The company plans to provide a bank guarantee of up to 5 million yuan for its wholly-owned subsidiary, with a guarantee fee of 1% [1] - The proposed auditing firm for the 2025 fiscal year is Xinyong Zhonghe, with an audit fee of 700,000 yuan [1] Shareholder Changes - The company decided to repurchase and cancel 850,897 restricted shares due to not meeting the unlocking conditions, resulting in a reduction of total shares from 1,323,343,247 to 1,322,492,350 [2][4] - The repurchase price for the restricted shares was set at 2.58 yuan per share, totaling approximately 2.195 million yuan [2] Convertible Bond Conversion Results - As of June 30, 2025, a total of 938.423 million yuan of "Tianlu Convertible Bonds" has been converted into 186,890,433 shares, representing 21.60% of the total shares before conversion [3][4] - The remaining unconverted amount of "Tianlu Convertible Bonds" is 148.565 million yuan, accounting for 13.67% of the total issuance [3]

Group 1 - The company issued convertible bonds named "Tianlu Convertible Bonds" with a total amount of RMB 938.423 million, which can be converted into shares from May 6, 2020, to October 27, 2025 [1][2] - The initial conversion price was set at RMB 7.24 per share, which has been adjusted to RMB 4.17 per share due to various corporate actions including cash dividends and stock increases [1][2] - As of June 30, 2025, a total of RMB 938.423 million of "Tianlu Convertible Bonds" has been converted into 186,890,433 shares, representing 21.60% of the total shares before conversion [2][4] Group 2 - The amount of unconverted "Tianlu Convertible Bonds" as of June 30, 2025, is RMB 148.565 million, accounting for 13.67% of the total issuance [2][4] - From April 1, 2025, to June 30, 2025, an additional RMB 22.399 million of "Tianlu Convertible Bonds" was converted into 5,371,353 shares [4][5] - The total share capital of the company increased from 1,323,343,247 shares to 1,328,714,600 shares due to the conversion of bonds [5]

| 证券代码：600326 | 证券简称：西藏天路 | 公告编号：2025-041 号 | | --- | --- | --- | | 转债代码：110060 | 转债简称：天路转债 | | | 债券代码：188478 | 债券简称：21 天路 | 01 | 西藏天路股份有限公司 可转债转股结果暨股份变动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、可转债发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会《关于核准西藏天路股份有限公司公开发行可转 换公司债券的批复》（证监许可〔2019〕1574 号）核准，公司于 2019 年 10 月 28 日公开发行了 10,869,880 张可转债，每张面值 100 元，发行总额为人民币 108,698.80 万元，期限 6 年。 因公司于 2023 年 8 月 8 日实施了 2022 年年度权益分派，以资本公积金向全 体股东每股转增 0.3 股，目前公司可转债转股价格调整为 4.17 元/股。 二、可转债本次转股情况 （二）可转债上市情况 经上海证 ...

Core Viewpoint - The company is holding its second extraordinary general meeting of shareholders in 2025 to discuss several key proposals, including providing guarantees for subsidiaries, renewing the accounting firm, and amending the company’s articles of association [1][5][6]. Group 1: Guarantee Proposals - Proposal 1 involves providing a guarantee for the subsidiary, Tibet Tianying Highway Technology Development Co., Ltd., with a total guarantee amount not exceeding 5 million RMB, with a guarantee fee of 1% [1][4]. - The subsidiary has a registered capital of 14 million RMB and is engaged in various engineering services [2]. - The financial data for the subsidiary shows total assets of approximately 56 million RMB and a net profit of 375,111 RMB as of December 31, 2024, with a significant loss of over 5.5 million RMB for the first quarter of 2025 [4]. Group 2: Accounting Firm Renewal - Proposal 2 is to renew the appointment of the accounting firm, Shinewing Certified Public Accountants, for the fiscal year 2025, with no change in audit fees compared to 2024 [5]. Group 3: Amendments to Articles of Association - Proposal 3 seeks to amend the company’s articles of association to align with internal party regulations regarding the structure and number of committee members [6][7]. - The amendments include changes to the election process and the number of committee members, which will require approval from two-thirds of the voting shareholders [9]. Group 4: Additional Guarantee Proposal - Proposal 4 involves a guarantee for the company’s holding subsidiary, Chongqing Zhongjiao Recycled Resources Development Co., Ltd., for a loan not exceeding 80 million RMB, with specific terms for loan distribution and interest rates [11]. - The subsidiary has a registered capital of approximately 14.48 million RMB and reported total assets of about 1.83 billion RMB as of December 31, 2024, with a net loss of nearly 90 million RMB [12].