Minhe Qilianshan Cement 30.55% State-owned Equity Listing Transfer

Recently, 30.5508% of the state-owned shares of Minhe Qilianshan Cement Co., Ltd. were listed for transfer at a base price of 59.6906 million yuan. The transferor is China Xinda Asset Management Co., Ltd. The

business scope of the enterprise includes: manufacturing and sales of cement, cement products, cement packaging bags, development, utilization, production and sales of cement transportation and cement-related building materials, various steel products, wear-resistant materials, manganese steel parts, accessories, roughcast, house leasing, limestone for construction, prefabricated components, lime, gypsum and calcium carbonate.

It is reported that the shareholders of Minhe Qilianshan Cement Co., Ltd. are Gansu Qilianshan Cement Group Co., Ltd., China Xinda Asset Management Co., Ltd., China Great Wall Asset Management Co., Ltd. The shareholding ratios were 53.8913%, 30.5508%, 10.1719% and 5.3859%, respectively.

Recently, China Great Wall Asset Management Co., Ltd. listed and transferred 10.1719% of Minhe Qilianshan Cement at a base price of 19.8741 million yuan, and China Huarong Asset Management Co., Ltd. listed and transferred 5.3859% of Minhe Qilianshan Cement at a base price of 10.523 million yuan.