Subsidiary of Tangshan Jidong Cement (000401.SZ) plans to acquire shares of Hengwei Cement and its affiliated enterprises.

Tangshan Jidong Cement (000401.SZ) announced that its subsidiary Liaoning Jinzhong New Materials Industry Group Co., Ltd. (referred to as Liaoning Jinzhong) plans to acquire Liaoning Hengwei Cement Group Co., Ltd. (referred to as Hengwei Cement) and its affiliated enterprises. In this transaction, Liaoning Jinzhong plans to acquire 100% equity of Hengwei Cement held by two individual shareholders Li Yingke and Li Jinhang for cash, acquire 70% equity of Liaoyang Hongguang Mining Co., Ltd. (referred to as Hongguang Mining) held by two individual shareholders Peng Yaohua and Tang Junzhong, and acquire 100% equity of Benxi Yongxing New Building Materials Co., Ltd. (referred to as Benxi Yongxing) held by two individual shareholders Li Yinghui and Xu Zhenyu, and sign "Equity Transfer Agreements" respectively. After the completion of this transaction, the above-mentioned companies will become wholly-owned subsidiaries and controlling subsidiaries of Liaoning Jinzhong. The company will acquire 100% equity of Hengwei Cement, 100% equity of Benxi Yongxing, and 70% equity of Hongguang Mining through its controlling subsidiary Liaoning Jinzhong. The acquisition of Hengwei Cement and its affiliated enterprises by Liaoning Jinzhong is economically feasible. It also aligns with the company's strategic layout of focusing on the Beijing-Tianjin-Hebei region, integrating the North China region, and expanding in the Northeast and Northwest regions. This acquisition will strengthen the company's cement business, promote healthy competition, improve regional industry benefits, facilitate the sustainable development of the cement industry in Liaoning and the broader Northeast region, and support the high-quality development of the company's core market in the Beijing-Tianjin-Hebei region.