Anhui Conch Cement (00914) plans to acquire two cement assets for a maximum of 691 million yuan.

Anhui Conch Cement (00914) announced that on July 2, 2026, its wholly-owned subsidiaries Hefei Conch and Ulanqab Conch plan to respectively acquire cement assets in Chaohu City and Ulanqab City from Anhui Wanwei Updated High-Tech Material Industry and its wholly-owned subsidiary Mengwei Technology, with prices of approximately 275 million yuan and 344 million yuan respectively (total maximum price of approximately 691 million yuan). After the acquisition, Hefei Conch will lease approximately 295 mu of land (specific area subject to mutual determination) used by Anhui Wanwei Updated High-Tech Material Industry for the cement assets for a period of 20 years. On the same day, the company signed a framework agreement for continuous related party transactions with Anhui Wanwei Updated High-Tech Material Industry. From the date of completion of the two asset transfer agreements for the acquisition of cement assets until December 31, 2026, due to production and operation needs, Hefei Conch and Ulanqab Conch will have transactions of goods sales, goods purchases, and services provided with Anhui Wanwei Updated High-Tech Material Industry and Mengwei Technology. According to the framework agreement for continuous related party transactions, the total amount of goods sold by the group shall not exceed 37.052 million yuan, the total amount of goods purchased shall not exceed 65.7611 million yuan, and the total amount of services provided shall not exceed 0.246 million yuan. The announcement stated that the cement assets acquired under the two asset transfer agreements are located in the factory areas of Anhui Wanwei Updated High-Tech Material Industry and Mengwei Technology. The public utility infrastructure such as electricity does not have the conditions for independent operation. At the same time, the transaction parties use the existing pipeline network and supporting facilities to sell raw materials and by-products of the production process to each other nearby, achieve resource recycling, reduce separate procurement and external transportation costs, improve overall operational efficiency, and benefit from complementary advantages and mutual benefits, in line with the interests of the company and all shareholders.