26, Asia Cement (China) and Asia Cement Co., Ltd. jointly announced the proposal to privatize Asia Cement (China) Holding Company by agreement arrangement by Asia Cement Co., Ltd. in accordance with Article 86 of the Company Law. As the Scheme has not been approved at the Court Meeting in accordance with the requirements of the Companies Law and the Takeovers Code, the Proposal and the Scheme have lapsed and the Proposal will not be implemented and the Scheme will not become effective. The listing of the
Shares on the Hong Kong Stock Exchange will not be withdrawn and the register of members of the Company will not be closed with effect from Wednesday, 4 September 2024 for the purpose of determining the entitlements of the Scheme Shareholders under the Scheme.
