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    914   CNE1000001W2

ANHUI CONCH CEMENT COMPANY LIMITED

(914)
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Anhui Conch Cement : Announcement Regarding the Resolutions Passed by the Board

08/21/2020 | 05:29am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

安徽海螺水泥股份有限公司

ANHUI CONCH CEMENT COMPANY LIMITED

(a joint stock limited company incorporated in the People's Republic of China)

(Stock Code: 00914)

Announcement Regarding the Resolutions Passed by the Board

This announcement is made pursuant to Rule 13.10B of the Listing Rules.

In accordance with the applicable laws and regulations of the PRC, the Company will publish the PRC Announcement in the designated newspaper circulating in the PRC on 22 August 2020 regarding the resolutions passed by the Board.

This announcement is made pursuant to Rule 13.10B of The Rules ("Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

In accordance with the applicable laws and regulations of the People's Republic of China ("the PRC"), Anhui Conch Cement Company Limited ("Company") will publish an announcement ("PRC Announcement") in the designated newspaper circulating in the PRC on 22 August 2020 regarding resolutions passed by the board ("Board") of directors ("Directors") of the Company.

The fourth meeting ("Meeting") of the eighth session of the Board was held in the conference room of the Company on 21 August 2020. The Board comprised 8 Directors, and all of them were present at the Meeting (of which Yang Mianzhi, Leung Tat Kwong Simon and Zhang Yunyan, all being independent non-executive Directors, attended the Meeting by means of telephone conference). The supervisors and some senior management members of the Company also attended the Meeting. The convention of the Meeting was in compliance with the requirements of the Company Law of the PRC and the articles of association of the Company. The resolutions passed at the Meeting are legal and valid.

The voting results of resolutions considered at the Meeting are as follows: the total valid voting strength was 8, and 8 votes were cast in favour of each resolution, representing 100% of the

1

number of valid votes. No vote was cast against the resolutions and no vote had abstained from voting. The following resolutions were passed at the Meeting:

  1. The unaudited financial reports of the Company and its subsidiaries for the six months ended 30 June 2020, prepared in accordance with the PRC Accounting Standards and International Financial Reporting Standards respectively, were considered and approved.
  2. The interim report of the Company and its summary and the interim results announcement for the six months ended 30 June 2020 were considered and approved.
  3. The Company's "General Manager's Work Report for the First Half of 2020" was considered and approved.

By Order of the Board

Anhui Conch Cement Company Limited

Joint Company Secretary

Yu Shui

Wuhu City, Anhui Province, the PRC

21 August 2020

As at the date of this announcement, the Board comprises (i) Mr Gao Dengbang, Mr Wang Jianchao, Mr Wu Bin and Mr Li Qunfeng as executive Directors; (ii) Mr Ding Feng as non-executive Director; (iii) Mr Yang Mianzhi, Mr Leung Tat Kwong Simon and Ms Zhang Yunyan as independent non-executive Directors.

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Disclaimer

Anhui Conch Cement Company Ltd. published this content on 21 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2020 09:29:35 UTC


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Sales 2021 184 B 28 857 M 28 857 M
Net income 2021 33 640 M 5 271 M 5 271 M
Net cash 2021 9 899 M 1 551 M 1 551 M
P/E ratio 2021 4,84x
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Capitalization 185 B 29 016 M 29 062 M
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Technical analysis trends ANHUI CONCH CEMENT COMPANY LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 22
Last Close Price 30,16 CNY
Average target price 45,84 CNY
Spread / Average Target 52,0%
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Qun Feng Li General Manager & Executive Director
Guo Ming Li Chief Financial Officer
Xiao Ming Wu Chairman-Supervisory Board
Cheng Wang Chairman
Tat Kwong Leung Independent Non-Executive Director
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