Shanghai Peak Cement (000672.SZ) subsidiary plans to sign an equity and debt transfer agreement regarding Peak ZETH.

Zhijing Finance and Economics APP News, Shangfeng Cement (000672.SZ) issued an announcement. In order to properly handle the related shareholder qualification disputes and the equity issues of shareholders in joint venture companies, and to thoroughly solve the various issues and obstacles of the project, combined with the adjustment of the company's strategic planning, after friendly negotiations among relevant parties, the wholly-owned subsidiary Shangfeng Building Materials plans to sign a share and debt transfer agreement for Shangfeng ZETH with Zhejiang Province First Hydroelectric Construction Group Co., Ltd. (hereinafter referred to as "Zhejiang Water Company"), ZETH International, and other related parties of the three parties: Zhu Rongjun, Shangfeng ZETH, ZETH Cement Co., Ltd. (hereinafter referred to as "ZETH Cement"), European Concrete Co., Ltd. (hereinafter referred to as "European Concrete"), ZETH New Standards Co., Ltd. (hereinafter referred to as "ZETH New Standards"), Zhejiang Zhe Water New Energy Co., Ltd. (hereinafter referred to as "Zhe Water New Energy"), Zhejiang Jiangneng Construction Co., Ltd. (hereinafter referred to as "Jiangneng Construction").