Sichuan Shuangma extends fund agreement, shifts internal shareholdings

Sichuan Shuangma Cement's wholly-owned subsidiary, Tibet Jinhe Venture Capital Management Co., Ltd., will continue managing Yiwu Hexie Jinhong Equity Investment Partnership (Limited Partnership) for an additional two years until September 28, 2027. This board-approved extension aims to facilitate the orderly exit of investment projects, with Hexie Jinhong paying an annual management fee of 1% of its remaining investment cost.

Concurrently, Beijing Hexie Hengyuan Technology Co., Ltd., Sichuan Shuangma's controlling shareholder, will acquire 48,786,912 shares from LAFARGE CHINA OFFSHORE HOLDING COMPANY LTD. (LCOHC), a concerted party, for RMB 22.32 per share, totaling RMB 1,088,923,875.84. This internal transfer will increase Hexie Hengyuan’s stake to 32.91% and decrease LCOHC’s to 10.16% of the total share capital, without altering overall control or the concerted action relationship. The transaction remains subject to Shenzhen Stock Exchange compliance confirmation.