Anhui Conch Cement boosts melting promoter procurement cap

Anhui Conch Cement has announced a supplemental agreement to its existing melting promoter purchase contract with Anhui Conch Preparations High-Tech Company Limited. This agreement revises the annual cap for procurement from RMB15.50 million to RMB75.27 million for the period from January 1, 2025, to December 31, 2025. This adjustment is based on the company's plan to gradually promote the use of melting promoters in more than thirty production lines across its subsidiaries, expanding from the originally planned two production lines.

The decision follows an evaluation of the melting promoter's effectiveness, which demonstrated reduced coal consumption and improved economic and environmental benefits in production lines where it was implemented. The actual transaction amount under the melting promoter purchase contract as of the announcement date was approximately RMB14.42 million, nearing the existing annual cap.

Anhui Conch Preparations High-Tech Company Limited is considered a connected person of Anhui Conch Cement through the Conch Group's ownership structure. The transaction, falling under Chapter 14A of the Listing Rules, constitutes a continuing connected transaction. As the revised annual cap exceeds the previous limit, the company is re-complying with the relevant provisions for such transactions.