Conch (Hefei) Holdings and Chengyuan Group Reached Equity Cooperation

2023, in the conference room of Liyuan Industrial Park, Huaishang District, Bengbu City, Anhui Province, Conch (Hefei) Holding Co., Ltd., a wholly-owned subsidiary of Anhui Conch Group, one of the world's top 500 companies, and Chengyuan Port Group held the "Handover Ceremony of Commercial Concrete Project Assets".

▲ Liu Qingxin, President of Conch Cement in Northern Anhui, took a group photo

with Song Zaifu, Chairman of the Board of Directors of Chengyuan Port Group. Liu Qingxin, President of Conch Cement in Northern Anhui, personally led the team. Yu Xi, Vice Minister of Strategic Development of Conch Cement, Gao Bin, Vice General Manager of Bengbu Conch, Nearly 30 senior executives from Hefei Holdings, Bengbu Conch, Huainan Conch, Chaohu Conch, Chuzhou Conch, Xiaoxian Conch, Suzhou Conch, Anhui Lvcai and Xiangshan Cement attended and witnessed the "Handover Ceremony of Commercial Concrete Project Assets". Song Zaifu, Chairman of the Board of Directors

of Chengyuan Port Group, together with senior executives Yin Zhaocai, Xue Feng, Zhu Qianhe, Cheng yuanyuan, Gao Wei, Zhou Bin, Wang Fengju and Feng can, attended and witnessed the "Handover Ceremony of Commercial Concrete Project Assets".

This is the "world's top 500" Conch Group and Chengyuan Group, on the basis of strong alliance, complementary advantages, equality and voluntariness, equal value and compensation, through nearly 1000 days of business negotiations, high-level visits, investigation and research, due diligence, valuation and accounting, the formation of enterprise equity cooperation fruits.

The two sides will produce horizontal and vertical industrial alliances and synergies in the upstream and downstream linkage, technology accumulation, customer resources, scale advantages, industrial advantages, governance structure, business scale, market share, brand value, capital operation and supply chain of the building materials industry. The "embrace" and "hand-in-hand"

of Conch Group and Chengyuan Group is a cross-system "two-way rush", another "model" and "story" of "marriage and joint venture", resource integration and equity cooperation between "the world's top 500", large state-owned enterprises and local private enterprises.