DONGWU CEMENT (00695) delays completion of a controlling shareholder's sale of shares.

Dongwu Cement (00695) announced that its controlling shareholder Goldview Development Limited (Goldview) (wholly owned by non-executive director Mr. Jiang Xueming) is selling shares. According to the terms of the proposed transaction I agreement, the proposed transaction I is subject to the fulfillment of the conditions precedent set forth in the proposed transaction I agreement by March 31, 2026 (the final deadline) or earlier (subject to waiver, as the case may be) for completion. The board of directors of the company received a notification from Goldview that Hong Kong Airlines requires additional time to obtain all necessary approvals from several Chinese regulatory authorities to fulfill the conditions precedent as stipulated in the proposed transaction I agreement, and Goldview and Hong Kong Airlines have agreed to extend the final deadline to April 30, 2026.