Conch Cement: RMB 500 million of principal income from entrusted wealth management of RMB 54.37 million was recovered on schedule

10, Conch Cement (00914. HK) announced that on March 31, 2021, the company used 500 million yuan of its own funds to purchase the "Anying" fixed income net value financial products of Huiyin Finance Co., Ltd. for a period of 735 days. The expected annualized yield is 5.40%. On April 7,

2023, when the entrusted financial product expired, the company fully recovered the principal of 500 million yuan of entrusted financial management, and obtained 54.37 million yuan of financial management income, reaching the expected income target.

As of the announcement date, the company's accumulated balance of entrusted financing was 1.9 billion yuan.