The assets reorganization of Qilianshan was approved by the Shanghai Stock Exchange Reorganization Committee.

On September 27, Gansu Qilianshan Cement Group Co., Ltd. issued the Announcement on Major Asset Replacement and Issuance of Shares to Purchase Assets and Raise Matching Funds and Related Transactions, which was approved by the Merger and Reorganization Audit Committee of Shanghai Stock Exchange. According to

the announcement, On September 26, 2023, Gansu Qilianshan Cement Group Co., Ltd. (Hereinafter referred to as the "Company") received the Announcement on the Results of the 7th Review Meeting of the Shanghai Stock Exchange Merger and Reorganization Review Committee in 2023 issued by the Shanghai Stock Exchange Merger and Reorganization Review Committee (hereinafter referred to as the "Shanghai Stock Exchange Reorganization Committee"). The Shanghai Stock Exchange Reorganization Committee intends to purchase 100% equity of China Communications Highway Planning and Design Institute Co., Ltd., 100% equity of China Communications First Highway Survey and Design Institute Co., Ltd., 100% equity of China Communications Second Highway Survey and Design Institute Co., Ltd., and 100% equity of China Municipal Engineering Southwest Design and Research Institute Co., Ltd. 100% equity interest in Northeast China Municipal Engineering Design & Research Institute Co., Ltd., 100% equity interest in CCCC Urban Energy Research & Design Institute Co., Ltd., and the proposed raising of supporting funds. The result of the review is that the transaction meets the restructuring conditions and information disclosure requirements. The

Company's major asset swap and issuance of shares to acquire assets and raise supporting funds and related party transactions are still subject to registration with the CSRC, and there are uncertainties as to whether the registration can be completed and the time for the final completion of the registration. The Company will fulfill its obligation of information disclosure in a timely manner based on the actual progress of the Transaction. Investors are advised to pay attention to subsequent announcements and investment risks.