Tibet Gaozheng Civil Explosives Co., Ltd.
Summary of Acquisition Report
Listed Company Name: Tibet Gaozheng Civil Explosives Co., Ltd.
Stock Listing Venue: Shenzhen Stock Exchange
Stock Abbreviation: Gaozheng Civil Explosives
Stock Code: 002827
Acquirer: Tibet Geology and Mineral Resources Group Co., Ltd.
Acquirer Domicile: No. 21 Beijing Middle Road, Lhasa, Tibet Autonomous Region (within the premises of the Regional Bureau of Geology and Mineral Exploration)
Acquirer Correspondence Address: No. 21 Beijing Middle Road, Lhasa, Tibet Autonomous Region (within the premises of the Regional Bureau of Geology and Mineral Exploration)
Signing Date: August 2026 [blank]
Acquirer Statement
The terms or abbreviations used in this statement have the same meanings as those defined in the "Definitions" section of the Summary of the Acquisition Report.
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This summary of the report is prepared by the Acquirer in accordance with the Company Law, the Securities Law, the Administrative Measures for the Takeover of Listed Companies, the Guidelines No. 16, and other relevant laws, regulations, and normative documents.
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In accordance with the provisions of the Company Law, the Securities Law, the Administrative Measures for the Takeover of Listed Companies, and the Guidelines No. 16, this summary of the report has fully disclosed the shares in which the Acquirer holds an interest in Gaozheng Civil Explosives. As of the signing date of this summary, except for the shareholding information disclosed herein, the Acquirer does not hold any interest in Gaozheng Civil Explosives through any other means.
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The Acquirer has obtained the necessary authorizations and approvals to sign this summary of the report, and its performance does not violate or conflict with any terms in the Acquirer's articles of association or internal rules.
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As of the signing date of this summary, this equity change has not yet formally taken effect. This equity change is still subject to obtaining a no-objection opinion from the anti-monopoly authority regarding the concentration of business operators (if required), obtaining a compliance confirmation opinion from the Shenzhen Stock Exchange, and completing the share transfer registration procedures with the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.
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This acquisition is conducted between different entities under the actual control of the State-owned Assets Supervision and Administration Commission of the Tibet Autonomous Region. It does not result in a change of the actual controller of the listed company and complies with the circumstances for exemption from increasing shareholdings by way of a tender offer as stipulated in Article 62, Paragraph 1, Item (1) of the Administrative Measures for the Takeover of Listed Companies. Meanwhile, this acquisition constitutes a gratuitous transfer of state-owned shares, resulting in the Acquirer holding more than 30% of the issued shares of the listed company, which complies with the circumstances for exemption from making a tender offer as stipulated in Article 63, Paragraph 1, Item (1) of the Administrative Measures for the Takeover of Listed Companies.
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This acquisition is conducted based on the information stated in this summary of the report. Except for the Acquirer and the professional institutions it has engaged, no other person has been entrusted or authorized to provide information not listed in this summary of the report or to make any interpretation or explanation of this summary of the report.
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The Acquirer warrants that this summary of the report does not contain any false records, misleading statements, or major omissions, and assumes individual and joint legal liability for its authenticity, accuracy, and completeness.
Table of Contents
Definitions 3
Section I Introduction to the Acquirer 4
Section II Decision and Purpose of the Acquisition 9
Section III Method of Acquisition 11
Section IV Circumstances for Exemption from Making a Tender Offer 16
Section V Other Major Matters 18