On September 27, Conch Cement announced that on June 6, 2023, the board of directors of Anhui Conch Cement Co., Ltd. The subscribed capital contribution is RMB 1.5 billion, and the limited partners such as Haitong Kaiyuan Investment Co., Ltd. (General partner and fund manager) and Anhui Conch Capital Management Co., Ltd. (Related party of the Company) jointly invest in Anhui Conch Haitong Industrial Internet Parent Fund Partnership (limited partnership) (hereinafter referred to as the "Industrial Internet Parent Fund"). On June 8,
2023, the Industrial Internet Parent Fund completed the registration procedures for industrial and commercial changes in accordance with relevant laws and regulations, and obtained the business license issued by the Jinghu District Market Supervision and Administration Bureau of Wuhu City. On September 26,
2023, the Industrial Internet Parent Fund has completed the filing with the China Securities Investment Fund Association and obtained the Certificate of Private Investment Fund Filing of Securities Companies.