CONCH VENTURE(00586): Conch Group has increased its stake in the company on the market.

CONCH VENTURE (00586) announces that the Board of Directors has received a notice from the Company's single largest shareholder, Conch Group, expressing their firm confidence in the future development of the Company and their long-term strategic investment considerations. Conch Group has been continuously increasing their holdings of the Company's shares in the market. Since the announcement on February 25, 2026, Conch Group has increased their holdings of the Company's shares, and as of the date of this announcement, Conch Group, directly and indirectly through Anhui Conch Cement Limited (Anhui Conch Cement) and its subsidiaries, collectively holds close to 21% of the total issued shares. As stated in the announcement, Conch Group will proceed with the planned restructuring of the Board of Directors and the Company's financial performance will be consolidated into Conch Group's financial statements. Conch Group recently stated in a letter that they are committed to maintaining the Company's independent legal status, protecting the legitimate rights and interests of the Company's shareholders, strictly implementing the relevant requirements for state-owned enterprise dividends, maintaining a stable and sustainable dividend policy, and providing stable investment returns for all shareholders. In the future, Conch Group will fully leverage its industrial, resource, supply chain, and platform advantages, further deepen industrial integration, strengthen synergies, improve industrial layout, empower the Group's stable operation comprehensively, and promote high-quality development of the Group. The Board of Directors has noticed some unusual price and trading fluctuations in the Company's shares recently. After conducting reasonable inquiries, the Board confirms that as of the date of this announcement, they are not aware of any reasons for these fluctuations or any material information that should be disclosed to avoid false market information about the Company's securities, or any insider information that must be disclosed in accordance with the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The Board confirms that as of the date of this announcement, the Group's business operations are normal, and there have been no significant adverse changes in the Group's business operations and financial condition.