Soochow Cement: Revenue Decreased by 36.8% in 2022

On March 24, Dongwu Cement International Co., Ltd. released its annual results announcement for the year ended December 31, 2022. According to the Announcement, the Group's revenue for the Reporting Period was approximately HK $372,338,000, representing a decrease of approximately HK $217,123,000 or 36.8% from approximately HK $589,461,000 for the year ended 31 December 2021. The gross profit margin of the

cement segment decreased from approximately 18.9% for the year ended 31 December 2021 to approximately 0.9% for the Reporting Period. Profit/ (loss) attributable to equity holders of the Company

for the year ended 31 December 2022 decreased from approximately HK $46,541,000 for the year ended 31 December 2021 to approximately HK $ (40,468,000) for the Reporting Period.