300029SZSE

Special Explanation on Significant Uncertainties Related to Going Concern for Jiangsu Huasheng Tianlong Optoelectronic Equipment Co., Ltd.

*ST Tianlong Co., Ltd.·

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This announcement details the audit report for Jiangsu Huasheng Tianlong Optoelectronic Equipment Co., Ltd.'s 2025 financial statements, highlighting significant uncertainties regarding the company's ability to continue as a going concern. As of December 31, 2025, the company reported a net asset deficit of approximately -24.65 million yuan and an accumulated loss of over 1.08 billion yuan. Despite these concerns, the audit opinion remains unqualified.

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Special Explanation

Special Explanation on Significant Uncertainties Related to Going Concern

Zhongxinghua Certified Public Accountants LLP
Address: 20/F, Tower B, Lize SOHO, 20 Lize Road, Fengtai District, Beijing, PR China
Phone: (010) 51423818
Fax: (010) 51423816

Regarding the audit report with an unqualified opinion on the financial statements of Jiangsu Huasheng Tianlong Optoelectronic Equipment Co., Ltd. for the year 2025, and the special explanation on significant uncertainties related to going concern, we hereby provide the following information:

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