Bond Abbreviation: 24 Tianshan K1 Bond Code: 148712.SZ Bond Abbreviation: 24 Tiancai K3 Bond Code: 148759.SZ
Tianshan Materials Co., Ltd. Corporate Bond Trustee Management Report (2025 Annual)
Issuer Tianshan Materials Co., Ltd. (Baiyanggou Village, Dabancheng District, Urumqi, Xinjiang)
Bond Trustee CITIC Securities Company Limited (North Tower, Excellence Times Plaza (Phase II), No. 8 Center 3rd Road, Futian District, Shenzhen, Guangdong Province)
June 2026
Important Statement
CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities" or "Trustee") prepared the content and information of this report based on the 2025 Annual Report and other relevant public information disclosure documents disclosed by Tianshan Materials Co., Ltd. (hereinafter referred to as "Tianshan Materials," "Issuer," or "Company"), as well as supporting documents provided by the Issuer and professional opinions issued by third-party intermediary agencies.
The "Reporting Period" in this report refers to January 1, 2025, to December 31, 2025.
This report does not constitute a recommendation for investors to perform or refrain from any specific action. Investors should make independent judgments on relevant matters and should not rely on any content in this report as a commitment or statement made by CITIC Securities.
Table of Contents
Section I Overview of Corporate Bonds Section II Performance of Duties by the Corporate Bond Trustee Section III Issuer's 2025 Business Operations and Financial Status Section IV Use of Proceeds and Operation of Special Accounts Section V Verification of Issuer's Fulfillment of Information Disclosure Obligations Section VI Payment of Principal and Interest on Corporate Bonds Section VII Analysis of Issuer's Willingness and Ability to Repay Debt Section VIII Execution and Effectiveness Analysis of Credit Enhancement Mechanisms and Debt Repayment Safeguards Section IX Convening of Bondholders' Meetings Section X Credit Rating of Corporate Bonds Section XI Changes in the Person Responsible for Information Disclosure Section XII Other Matters Related to Issuer's Debt Repayment Ability and Credit Enhancement Measures and Responses Taken by the Trustee Section XIII Execution of Other Obligations Agreed in the Corporate Bond Prospectus Section XIV Matters to be Disclosed for Special Variety Corporate Bonds
Section I Overview of Corporate Bonds
I. Issuer Name Chinese Name: Tianshan Materials Co., Ltd. English Name (if any): Tianshan Materials Co., Ltd.
II. Basic Information of Corporate Bonds As of June 30, 2026, the basic information of the Issuer's bonds managed by CITIC Securities is as follows:
(I) Xinjiang Tianshan Cement Co., Ltd. 2024 Public Issuance of Technological Innovation Corporate Bonds to Professional Investors (Phase I)
Unit: 100 million Yuan Currency: RMB
| Item | Content |
|---|---|
| Bond Name | Xinjiang Tianshan Cement Co., Ltd. 2024 Public Issuance of Technological Innovation Corporate Bonds to Professional Investors (Phase I) |
| Bond Abbreviation | 24 Tianshan K1 |
| Bond Code | 148712.SZ |
| Interest Commencement Date | 2024-04-24 |
| Maturity Date | 2027-04-24 |
| Bond Balance at End of Reporting Period | 20.00 |
| Interest Rate at End of Reporting Period (%) | 2.38 |
| Principal and Interest Payment Method | This bond uses simple interest calculated annually, not compounded. Overdue interest is calculated separately. Interest is paid once a year, and principal is repaid in full at maturity. The final interest payment is made together with the principal redemption. |
| Trading Venue | Shenzhen Stock Exchange |
| Lead Underwriters | CITIC Securities Co., Ltd., China International Capital Corporation Limited, Huatai United Securities Co., Ltd., Shenwan Hongyuan Securities Co., Ltd., Huaxi Securities Co., Ltd. |
| Trustee | CITIC Securities Co., Ltd. |
| Name of Optional Clauses (if any) | Not applicable |
| Trigger or Execution of Optional Clauses (if any) | Not applicable |
| Exercise Date (if any) | Not applicable |