On July 29, the establishment ceremony of Jiangsu Tiangong Electronics Technology Co., Ltd. was held at Jiangsu Tiangong Cemented Carbide Technology Co., Ltd. in Danyang, Jiangsu. This marks a significant step forward for Tiangong International (0826.HK) in the electronic information industry and the high-end precision tool sector, injecting strong momentum into the Group's efforts to cultivate new quality productivity and create new economic growth drivers.Attending the ceremony and jointly witnessing the launch of Jiangsu Tiangong Electronics Technology Co., Ltd. were Zhu Xiaokun, Chairman of the Board of Tiangong International; Zhu Zefeng, Chief Executive Officer; Zang Wenhai, General Manager of Jiangsu Tiangong Cemented Carbide Technology Co., Ltd.; Xu Liangfei, representative of Shenzhen Mingchuangjin Investment Partnership (Limited Partnership); Chen Yong, Chairman and General Manager of Dongguan Fanyu Automation Technology Co., Ltd.; and Jing Chaoyong, Deputy General Manager. The launch signifies that Tiangong has taken a key step in the electronic information sector and injected fresh development momentum into its goal of becoming a globally leading manufacturer of PCB drill bits and PCB end mills.Jiangsu Tiangong Electronics Technology Co., Ltd. serves as a key strategic platform for Tiangong International to align with the nation's new-generation information technology development strategy and seize rapid growth opportunities in industries such as artificial intelligence, servers, high-performance computing, automotive electronics, consumer electronics, 5G communications, and semiconductors. The company is jointly established by Jiangsu Tiangong Cemented Carbide Technology Co., Ltd., in partnership with industrial capital and leading industry players. It specializes in the R&D, manufacturing, sales, and technical services of high-end precision tools for PCBs (printed circuit boards), with the aim of building a globally leading manufacturer of PCB drill bits and PCB end mills.Leveraging Tiangong International's 45 years of accumulated technological strengths in powder metallurgy, cemented carbides, ultra-fine grain materials, precision machining, and intelligent manufacturing, the company will fully integrate its partners' professional capabilities in PCB industry market resources, automation equipment, inspection technologies, and industrial operations. This collaboration will foster a synergistic industrial ecosystem encompassing materials, equipment, manufacturing, inspection, and market development, providing global PCB manufacturers with high-quality, high-efficiency, and high-reliability precision tool solutions.It is understood that Jiangsu Tiangong Electronics Technology Co., Ltd. has planned a high-end precision PCB tool industrialization project. Going forward, the company will pursue digitalization, intelligence, and green development as its strategic direction, accelerate the construction of smart factories, and continuously improve product precision, consistency, and manufacturing efficiency. The ultimate goal is to achieve an annual production capacity of 300 million PCB drill bits and 100 million PCB end mills, striving to build a domestically leading and internationally first-class R&D and manufacturing base for PCB precision tools. This will contribute Tiangong's strength to ensuring the self-reliance and security of China's electronic information industry chain and supporting the high-quality development of the advanced manufacturing sector.The establishment of Jiangsu Tiangong Electronics Technology Co., Ltd. represents a major achievement in Tiangong International's ongoing efforts to optimize its industrial structure and refine its high-end manufacturing supply chain layout. It is also an important practice of the Group's proactive response to the national strategy of building a manufacturing powerhouse and accelerating the cultivation of new quality productivity. In the future, the company will adhere to the principles of innovation-driven development, supreme quality, intelligent manufacturing, and green growth. Guided by technological innovation and market demand, it will continue to break through key core technologies, steadily enhance its core competitiveness, and strive to build a nationally renowned, internationally influential high-end PCB precision tool brand, contributing more Tiangong wisdom and strength to the high-quality development of China's electronic information industry....

On July 17, Jiangsu Tiangong Technology Co., Ltd. ("Tiangong Shares") acted as a limited partner, contributing RMB 17.5415 million to participate in the establishment of Gongqingcheng Xing'enke Venture Investment Partnership (Limited Partnership), positioning itself in the humanoid robot core component sector through a specialized industrial fund, further optimizing the company's future end-market application landscape.The specialized fund in which Tiangong Shares participates has a total expected scale of RMB 51.585 million. The fund manager is Shanghai Fosun Capital Investment Management Co., Ltd., a leading private equity manager in China. Apart from reserving a small portion for operational expenses, the fund's paid-in capital will be entirely invested in Nanjing Inks Co., Ltd.Nanjing Inks is a leading player in the domestic legged robot integrated joint sector. Its core team possesses deep research and industrial backgrounds, with full-chain in-house capabilities in reducers, motors, drivers, and encoders, making it one of the few manufacturers in the industry to achieve full-stack technological self-sufficiency in integrated joints. Its products have been widely applied in humanoid robots, quadruped robots, industrial robotic arms, and other fields. In 2025, the company became the first in the industry to achieve annual shipments of over 100,000 joint modules, with technological strength and mass production capabilities both ranking among the top tier in the sector.This investment represents an important strategic move by Tiangong Shares to extend from its core titanium and titanium alloy materials business into the emerging high-end intelligent equipment sector. By partnering with professional investment institutions, Tiangong Shares can fully leverage their industrial resources and professional investment management expertise to precisely capture development opportunities in the robotics industry, unlock growth value in the core component sector, and simultaneously explore synergies between the company's emerging material technologies and high-end robotics application scenarios. Looking ahead, Tiangong Shares will continue to focus on its core business while pioneering new frontiers, driven by a dual-engine approach of technological innovation and industrial investment, to promote high-quality and sustainable development of the enterprise....

From July 15 to 17, 2026, the 20th Shanghai International Die Casting & Nonferrous Casting Exhibition (CHINA DIECASTING & CHINA NONFERROUS 2026) was grandly held at the Shanghai New International Expo Centre. This year's exhibition reached a new scale, bringing together 653 exhibitors across halls N1 to N5, and attracting professional visitors and buyer delegations from 53 countries and regions. As a global bellwether for the die-casting industry, the exhibition showcased new materials, new processes, and new applications, with a strong focus on cutting-edge topics such as intelligent manufacturing, green low-carbon solutions, and mold innovation. Over the three-day industry event, Tiangong International Co., Ltd. made a remarkable impression with its cutting-edge technical presentations and outstanding product capabilities, concluding a highly successful exhibition.Technical Seminar Draws Attention, TGE23 GROUPER Targets Core Pain Points of Integrated Die-CastingDuring the exhibition, Tiangong International's technical team delivered high-level professional presentations to the on-site audience. Dr. Richard Matthew Oliver delivered a seminar titled "TGE23 GROUPER – Designed for Integrated Die-Casting Demands." The presentation provided an in-depth analysis of global industry challenges facing large die-casting molds – including uneven heat dissipation, short service life, and thermal fatigue cracking – against the backdrop of the new energy vehicle industry's rapid shift toward integrated die-casting.Dr. Richard Matthew Oliver introduced that Tiangong International's TGE23 product is specifically designed to address these pain points. The product has successfully obtained certification from the North American Die Casting Association (NADCA), making Tiangong International the first Chinese tool and mold steel enterprise to receive this honor. This certification marks the official entry of Chinese die-casting materials into the international core technology standards system, demonstrating that Tiangong's new tool and mold materials have reached world-class excellence and are capable of replacing imports while meeting the material requirements for large-scale integrated die-casting molds.TGE21 Material Helps Mold Win Gold, Technological Innovation Receives Industry RecognitionTiangong International's material strength is validated not only on a theoretical level but also in real-world applications. During the "High-Quality Casting Selection" event held concurrently with the exhibition, a dryer valve mold made from Tiangong's TGE21 material by Ningbo Beilun Daqi Hongxiang Mold Machinery Co., Ltd. stood out from numerous entries to win the "Gold Award Mold" for its exceptional performance and quality.This year's Casting Carnival featured a total of 88 participating castings. After rigorous on-site evaluation by a specially appointed expert panel organized by the organizing committee, 15 Gold Award Castings and 15 Gold Award Molds were ultimately selected. Hongxiang Mold's award not only affirms Tiangong International's deep accumulation in mold steel material R&D but also fully demonstrates the reliability and leadership of Tiangong materials in high-end die-casting mold manufacturing.Powder Near-Net-Shape Core Components Also Debut, Sprue Bushings and Shot Sleeves Showcase Robust CapabilitiesAt this exhibition, Tiangong International not only brought innovative breakthroughs in TGE23 series materials but also showcased its core component product matrix built on "powder metallurgy, built-in water channels, and near-net-shape" technology, which became a focal point at the booth. Large-size conformal cooling water-channel sprue bushings, shot sleeves, and other core components on display directly addressed the industry pain point of low cooling efficiency in traditional molds. Tiangong International innovatively combined powder metallurgy near-net-shape technology with built-in conformal cooling water-channel designs – analogous to "embedding a capillary network that conforms to the part's shape inside the mold" – with measured results showing cooling efficiency improvements of over 30% and significantly extended mold service life.Tiangong International has achieved comprehensive technological breakthroughs across four core components: sprue bushings, shot sleeves, flow dividers, and plunger tips. The sprue bushings utilize high-density powder materials and optimized built-in water-channel designs, maintaining long-term stable operation under high-temperature, high-velocity molten metal erosion. The shot sleeves feature high inner-wall precision and smooth surface finishes, ensuring uniform and stable molten metal flow while reducing defect occurrence. Through the application of high-density powder materials and hot isostatic pressing processes, these products not only offer excellent thermal fatigue resistance and wear resistance but have already achieved mass production.With the rapid expansion of integrated die-casting technology, the market size for high-performance near-net-shape components is expected to approach the hundred-billion-yuan level over the next five years. Tiangong International's successful conclusion at this Shanghai Die Casting Expo once again confirms the company's determination and capability to support the backbone of Chinese manufacturing with material strength. Looking ahead, Tiangong International will continue to focus on in-depth R&D into material genomics, driving the domestic substitution and high-end advancement of premium mold materials, and continuously injecting robust Chinese momentum into the global lightweight revolution of new energy vehicles....

On the morning of July 7, Jiangsu Tiangong Cemented Carbide Technology Co., Ltd., an indirect subsidiary of Tiangong International Co., Ltd. (hereinafter referred to as "Tiangong International"), officially launched the "Annual 300-Ton Ultrafine-Grain PCB Tool Special Rod Expansion Project." Leaders including Chen Qiuming, Acting Mayor of Danyang Municipal People's Government; Yu Bin, Member of the Standing Committee of Danyang Municipal Party Committee and Secretary of the Party Working Committee and Director of the Management Committee of the Economic Development Zone; and Liu Guangyue, Director of Danyang Science and Technology Bureau, attended the event. Zhu Xiaokun, Chairman of the Board of Tiangong International, Zhu Zefeng, Chief Executive Officer, and other relevant principals jointly witnessed the project launch.This project launch marks a significant step for Tiangong International in implementing its high-end manufacturing and intelligent development strategy and accelerating industrial structure upgrades. It signifies a critical move by the company in the field of high-end PCB precision cutting tools and will further enhance Tiangong's core competitiveness in high-end cemented carbide materials and precision cutting tools.Focusing on Ultrafine-Grain Rods to Build Advantages in Core Materials for PCB ToolsThe "Annual 300-Ton Ultrafine-Grain PCB Tool Special Rod Expansion Project" is centered around high-performance precision machining needs for PCBs, with a focus on boosting production capacity for ultrafine-grain cemented carbide rods. These rods provide critical material support for precision tools such as PCB milling cutters and PCB drill bits.With the rapid growth of artificial intelligence (AI) computing power infrastructure construction, server upgrades, and surging demand for high-frequency, high-speed PCBs, the market has imposed higher requirements on high-performance, high-precision PCB machining tools. Ultrafine-grain cemented carbide materials, offering advantages such as high hardness, high strength, and high wear resistance, have become an essential base material for meeting high-end PCB machining demands.Upon completion, the project will further improve Tiangong's industry chain layout—from cemented carbide material R&D and rod manufacturing to precision tool applications—and enhance the company's large-scale supply capabilities and competitive edge in the high-end PCB tool market.Seizing AI Industry Opportunities and Capturing the First Mover Advantage in High-End Manufacturing DevelopmentIn recent years, the rapid development of the AI industry, along with emerging sectors such as AI servers and computing power centers, has continued to drive growth in demand for high-end PCBs. Tiangong International has proactively responded to industrial trends by positioning itself in the high-end precision tool industry chain and accelerating its integration into the AI computing power industry wave. This project will help the company further consolidate its supply chain advantages in high-end and cutting-edge application fields, enhance product value-added and profitability, and drive its transformation toward value-creating development.Looking ahead, Tiangong International will adhere to a development direction characterized by high-end, intelligent, precision-oriented, and international strategies. The company will continue to strengthen its two core businesses—high-end new materials and precision cutting tools—while accelerating the extension of its industry chain toward upstream material segments, downstream application fields, and high-value-added links. Ultimately, Tiangong aims to build a globally competitive high-end precision manufacturing system and contribute to regional industrial upgrading and the high-quality development of China's manufacturing industry....

On June 12, Tiangong International successfully held its 2026 Investor Open Day. The event attracted participation from renowned institutions such as Bosera Fund, Harvest Fund, China Merchants Securities, China Securities Co., Ltd., and Kaiyuan Securities. Nearly 60 investors gathered together to witness Tiangong International's development strategies in intelligent manufacturing and technological innovation through on-site visits and in-depth dialogues.01 On-Site Visit to Advanced Production LinesDuring the event, investors were guided by docents into Tiangong International's high-end production lines, where they had an up-close tour of core intelligent production lines including the titanium alloy production line, the powder metallurgy production line, and the 7,000-ton fast forging production line. They gained an intuitive understanding of the company's more than four decades of development history and the entire R&D and production process of high-end new materials. The advanced production equipment, mature manufacturing processes, and comprehensive quality control systems fully demonstrated to the visiting guests the company's solid industrial foundation and leading manufacturing capabilities in the specialty materials field.02 In-Depth Exchange with Senior Management and Technical TeamsAt the symposium, the company's technical team delivered comprehensive and detailed presentations on its tool and die steel, cutting tools, and titanium and titanium alloy businesses, covering industry position, production capacity layout, core technologies, and R&D planning. On the one hand, the company is progressively delivering core products such as high-boron steel for the nuclear power sector, high-nitrogen steel as a new material, cemented carbide cutting tools, and titanium alloy powders. On the other hand, micro-hole machining tools and rod materials suitable for precision machining fields such as PCB will also be advanced as key R&D projects. Mr. Zhu Xiaokun, Chairman of the Board of Directors, stated that in the face of the long-standing "bottleneck" challenges in the domestic high-end materials sector, Tiangong International has consistently adhered to independent innovation, with multiple products breaking foreign monopolies and effectively supporting the high-quality development of domestic emerging industries and advanced manufacturing.Through this event, visiting investors gained a deeper, more comprehensive, and more precise understanding and assessment of Tiangong International's overall strength, technological moats, market layout, and industry positioning. The company will also take this Investor Open Day as an opportunity to continue upholding its development philosophy of innovation-driven and quality-first approaches, persistently intensifying core technology R&D and intelligent manufacturing upgrades, continuously enhancing its core competitiveness and long-term investment value, and rewarding its investors with steady operating performance and sustained dividends....

The tide of the times surges forward, and technological innovation never ends. Tiangong International's core products, based on "powder metallurgy, built-in water channels, and near-net shape" technologies, have recently completed production tests at several end-user die-casting enterprises, receiving highly encouraging feedback.Tiangong International's near-net shape sprue bushings have undergone on-machine production tests at Chongqing Guangcheng Mould Co., Ltd. for approximately 45,000 shots and at Jiangsu Xinqisheng Technology Co., Ltd. for about 33,000 shots. After running for tens of thousands of shots under extreme working conditions, the mold surface remained intact without any signs of heat checking, still maintaining good working condition. In contrast, previously used sprue bushings had already failed upon reaching this number of shots.Meanwhile, in tests at Chongqing Yujiang Die Casting Co., Ltd., the near-net shape sprue bushing has completed 30,896 shots and is still continuously producing parts, whereas the conventional lifespan of custom sprue bushings on the market is generally around 20,000 shots.As the saying goes, "Practice is the sole criterion for testing truth." Production tests across multiple die-casting factories consistently demonstrate that Tiangong International's series of products centered on "powder metallurgy, built-in water channels, and near-net shape" exhibit performance advantages far exceeding existing products under harsh conditions such as high temperature and high pressure.Furthermore, Tiangong International's independently developed powder metallurgy hot work die steel, TPME23A, has also undergone production validation at Chongqing Guangcheng Mould. Molds manufactured using this material have completed approximately 10,000 shots without any heat checking on the mold surface. In comparison, molds produced with previously used Swedish imported material had already begun to show heat checking cracks at 9,000 shots. Tiangong's material has effectively broken through the lifespan limitations of traditional die steel, demonstrating even more pronounced advantages under severe working conditions....