Shangfeng Cement announced on the evening of February 19 that at the 40th meeting of the 10th Board of Directors held on February 19, the company considered and adopted the Bill on the Use of Part of Its Own Funds for New Economic Equity Investment in 2025.
In order to optimize the asset allocation structure, promote the transformation and upgrading of enterprises, foster new economic growth points and take the road of high-quality development, according to the overall development plan, the company plans to use no more than 300 million yuan (including 300 million yuan) to invest in new economic equity on the premise that the main business does not affect the normal operation of the company and the risk is controllable. The total amount is not more than 300 million yuan in a natural year, and the management of the company is authorized to be responsible for the implementation of specific projects and other related matters. The purpose of this
investment is to implement the company's overall strategic development plan. Based on the main business, we should appropriately carry out equity investment in the new economy, optimize the allocation of long-term strategic resources, balance the cyclical fluctuation risk of a single industry, and enhance the comprehensive competitiveness of enterprises for sustainable development. On the premise of not affecting the normal operation and effective risk control of the company's main building materials business, we should properly lay out new economic equity investment, seek high-quality growth targets driven by scientific and technological innovation and green high-quality development as the leading industries, cultivate new economic growth points of enterprises on a long-term rolling basis, create rapid development opportunities for listed companies in a sustained and stable manner, and bring good returns to investors.
Regarding the scope of investment, the company said that according to the planning scope of the new economic equity investment business in the company's overall strategic plan, combined with the national "double carbon" policy and the policy call to encourage the development of core technological innovation areas. The company's new economic equity investment is mainly oriented to "double carbon" new energy and technology innovation-driven, green and high-quality development, including but not limited to high-quality growth projects in semiconductor, new materials, new energy, environmental protection and other industries, to carry out new economic equity investment, to achieve the combination of long and short, and the integration of production and investment.
