Tianshan Materials subsidiary property acquired by Suzhou government for 225m yuan

Tianshan Materials Co., Ltd. announced that its subsidiary, Suzhou Concrete & Cement Products Research Institute Co., Ltd., will have its properties acquired by the Suzhou Gusu District People's Government. The acquisition involves an estimated compensation of approximately 224,999,991.10 yuan.

The compensation includes 199,571,285.00 yuan for properties, unregistered building residual value, renovations, and attachments, along with additional fees for relocation, incentives, and business suspension. The board of directors approved the resolution on December 17, 2025.

The properties, with a book value of 25,165,100 yuan, were appraised at 180,107,000 yuan, representing a 615.70% increase. The acquisition is part of government planning and is expected to activate and utilize the company's existing assets. The subsidiary has agreed to vacate the properties by December 31, 2025.