Tian Shan Development : FURTHER ANNOUNCEMENT ON THE ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020

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Tian Shan Development (Holding) Limited

天山發展（控股）有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 2118)

FURTHER ANNOUNCEMENT ON THE ANNUAL RESULTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Reference is made to the announcement of Tian Shan Development (Holding) Limited (the "Company") dated 31 March 2021 in respect of the unaudited annual results for the year ended

31 December 2020 (the "Announcement"). Capitalised terms used herein shall have the same meaning as those defined in the Announcement unless the context requires otherwise.

AUDITOR'S AGREEMENT ON THE 2020 ANNUAL RESULTS OF THE COMPANY

The Company is pleased to announce that on 23 April 2021, the Company has obtained the agreement from the Company's independent auditor (the "Auditor") on the annual results of the Group for the year ended 31 December 2020 (the "2020 Annual Results"). The financial figures in respect of the Group's consolidated statement of financial position, consolidated statement of profit or loss and other comprehensive income and the related notes thereto for the year ended 31 December 2020 as set out in the Announcement have been compared by the Auditor to the amounts set out in the Group's consolidated financial statements for the year ended 31 December 2020 and the amounts were found to be in agreement. Therefore, the 2020 Annual Results contained in the Announcement remain unchanged.

SCOPE OF WORK OF THE AUDITOR

The work performed by the Auditor in this respect did not constitute an assurance engagement in accordance with Hong Kong Standards on Auditing, Hong Kong Standards on Review Engagements or Hong Kong Standards on Assurance Engagements issued by the Hong Kong Institute of Certified Public Accountants and consequently, no assurance has been expressed by the Auditor on the Announcement or this announcement.

By Order of the Board

Tian Shan Development (Holding) Limited

Wu Zhen Shan

Chairman

Hong Kong, 23 April 2021

As at the date of this announcement, the Board comprises three executive Directors, Mr. Wu Zhen Shan, Mr. Wu Zhen Ling and Mr. Zhang Zhen Hai; and three independent non-executive Directors, Mr. Tian Chong Hou, Mr. Wang Ping and Mr. Cheung Ying Kwan.