Conch Cement: Hefei Weilu Joins New Material Industry Investment Fund

Conch Cement announced on January 16 that in 2021, the company, together with China Building Material Private Equity Fund Management (Beijing) Co., Ltd. (China Building Material Private Equity Fund) and other limited partners, established China Building Material (Anhui) New Material Industry Investment Fund Partnership (Limited P artnership) (Industrial Investment Fund). The initial fund size is 15 billion yuan, and the company, as a limited partner, has subscribed 1.6 billion yuan. In addition, CNBM Private Equity Fund and some partners or their affiliates jointly invested in the establishment of CNBM (Anhui) New Material Fund Management Co., Ltd. (CNBM Anhui Management Company) with a registered capital of 50 million yuan, of which the company contributed 3.8095 million yuan, accounting for 7.62%. CNBM Anhui Management Company has joined the Industrial Investment Fund as a general partner and executive partner after its establishment. Industrial investment funds have completed the registration procedures for the establishment of enterprises in the Market Supervision and Administration Bureau, and completed the filing of private equity funds in the China Securities Investment Fund Association.

In order to give full play to the enthusiasm of the investment team, China Building Materials Anhui Management Company and the core management members of the team jointly invested in the establishment of Hefei Weilu Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Hefei Weilu"). China Building Material Anhui Management Company and Hefei Weilong signed the Agreement on the Transfer of General Partnership Share of China Building Material (Anhui) New Material Industry Investment Fund Partnership (Limited Partnership). CNBM Anhui Management Company transferred its share of general partnership of RMB15 million (of which the corresponding subscribed capital contribution was RMB15 million and the paid-in capital contribution was RMB4.5 million) to Hefei Weizhen at a price of RMB4.5 million. After the completion of the above transfer, the industrial investment fund partners'meeting deliberated and approved that Hefei Weizhen joined the industrial investment fund as a limited partner.