Conch Cement recovered the entrusted financing principal of 900 million yuan and the income of 104 million yuan on schedule.

Conch Cement announced that on June 9, 2021, the company used 900 million yuan of its own funds to purchase Zhaorui Zengli Selected No.12 closed-end fixed income financing plan of Zhaoyin Finance Co., Ltd. for a period of 735 days, with an expected annual return of 5.70%. On June 14,

2023, when the entrusted financial product expired, the company recovered 900 million yuan of entrusted financial principal in full, and obtained 104 million yuan of financial income, reaching the expected income target.

As of the date of this announcement, the accumulated balance of entrusted wealth management of the Company is RMB 1 billion.