Wuhan Tianyu Info Industry

At 7 p.m. on September 30, the judicial auction of 53.5545 million shares held by Wuhan Tongyu Investment Partnership, the controlling shareholder of *ST Tianyu, concluded, with all three auction lots failing due to no bids. The auction was conducted in three lots of 17,851,507 shares, 17,851,507 shares, and 17,851,508 shares, each accounting for approximately 4.15% of the company's total share capital, with a starting price of 89.6145 million yuan each, or 5.02 yuan per share. The shares auctioned this time together account for 12.45% of *ST Tianyu's total share capital, and represent all of the listed company shares currently held by Wuhan Tongyu. The company previously announced that if the auction is ultimately completed, it could lead to a change of control. According to the relevant provisions of the Supreme People's Court on online judicial auctions, after a failed auction, a second auction should be held on the same platform within 30 days, and the starting price reduction for the second auction must not exceed 20% of the previous starting price. If the second auction also fails, the assets may be sold by other lawful means. Therefore, the 12.45% stake held by Wuhan Tongyu may still enter judicial disposal proceedings again. In addition, *ST Tianyu remains under risk warning status. Its application submitted to the Shenzhen Stock Exchange on April 23 to revoke the delisting risk warning and other risk warnings has not yet been approved. In the first half of this year, the company achieved operating revenue of 24.04 million yuan, and the net loss attributable to shareholders of the listed company was 71.98 million yuan.

ST Tianyu disclosed its 2026 semi-annual report. In the first half, it achieved operating revenue of 24.04 million yuan, down 72.24% year-on-year. Net loss attributable to the parent company was 71.98 million yuan, narrowing from a loss of 85.82 million yuan in the same period last year.

Datang Microelectronics, a subsidiary of Datang Telecom, has won the first-instance trial in a sales contract dispute with Wuhan Tianyu Information Industry. The court ordered Wuhan Tianyu to pay approximately 18.03 million yuan in outstanding payments and about 1.76 million yuan in liquidated damages, totaling around 19.79 million yuan, and dismissed all of Wuhan Tianyu's counterclaims. The dispute arose from chip and module procurement agreements signed between the two parties during 2023 and 2024. Datang Microelectronics completed delivery but Wuhan Tianyu still owed payment. Datang Microelectronics originally sought approximately 23.6 million yuan in its claim, while Wuhan Tianyu counterclaimed for about 190,000 yuan.

*ST Tianyu has again delayed its reply to the Shenzhen Stock Exchange's 2025 annual report inquiry letter, pushing the final deadline to July 10. The company received the inquiry letter from the Shenzhen Stock Exchange on April 27, 2026, with an original reply deadline of May 21. It had previously applied for an extension to July 3. As of the date of this announcement, the reply content still requires further supplementation and refinement. After submitting an extension application, the company will once again postpone its response and expects to complete all reply work and make a public disclosure before July 10.