Sichuan Shuangma Cement: Major shareholders complete share reduction, controlling shareholder releases pledge

China CITIC Financial Asset Management Co., Ltd. and Zhongrong Life Insurance Co., Ltd. have completed their respective share reduction plans, as announced on November 1, 2025.

China CITIC Financial Asset Management reduced its holdings by 10,029,152 shares, comprising 7,572,152 shares via concentrated bidding and 2,457,000 shares via block trades. This represents 1.3245% of Sichuan Shuangma Cement's total share capital after excluding repurchased shares. Zhongrong Life Insurance reduced its holdings by 7,569,903 shares through concentrated bidding, representing 0.9997% of the total share capital after excluding repurchased shares.

Following these reductions, China CITIC Financial Asset Management now holds 46,738,793 shares, accounting for 6.1221% of the total share capital, while Zhongrong Life Insurance holds 44,349,267 shares, representing 5.8091%. Concurrently, Beijing Hexie Hengyuan Technology Co., Ltd., the controlling shareholder, released a pledge of 50 million shares, or 6.55% of the company's total share capital, originally held as collateral for convertible bonds. This release occurred due to the temporary suspension of convertible bond issuance.