Share Handover Ceremony of Liaoning Jinzhong Company and Hengwei Cement Successfully Completed

2025-02-25 11:15:12

At the handover ceremony, Liaoning Hengwei Cement Co., Ltd. handed over the golden key symbolizing the right to operate the enterprise to Liaoning Jinzhong New Material Industry Group Co., Ltd. and the leaders jointly pressed the start button.

On February 24, Liaoning Jinzhong New Material Industry Group Co., Ltd. and Liaoning Hengwei Cement Co., Ltd. Bai Ying, Secretary of Liaoyang Municipal Party Committee, Guo Yunfeng, Deputy Secretary of the Municipal Party Committee and Mayor, and Zhai Dehuai, Deputy Director of the Provincial Department of Industry and Information Technology attended the handover ceremony.

Hengwei Cement, as the backbone enterprise of Liaoyang cement industry, has made important contributions in promoting local economic development, promoting employment and ensuring infrastructure construction for many years. As a leading enterprise in the industry, Liaoning Jinzhong New Material Industry Group Co., Ltd. has advanced technology, scientific management and rich experience. This handover will realize the optimization and integration of the resources of the two enterprises, and open a new chapter for both sides to work together and move towards a new journey. At the

handover ceremony, Liaoning Hengwei Cement Co., Ltd. handed over the golden key symbolizing the right to operate the enterprise to Liaoning Jinzhong New Material Industry Group Co., Ltd. and the leaders jointly pressed the start button. In his speech, Liu Yu, Vice General Manager

of Jinyu Group, Secretary of the Party Committee of Jidong Cement, Chairman of the Board and Chairman of Liaoning Jinzhong Company, said that the handover was a vivid practice for both sides to actively implement the strategy of "central-local cooperation". Jinzhong Company will take this opportunity to take root in local areas and actively promote the transformation and upgrading of the industry. At the same time, we will further cultivate localized services, gradually deepen cooperation areas, and make greater contributions to the economic and social development of Liaoyang.

The municipal government said that the smooth handover of the cooperation between Jinzhong Company and Hengwei Cement is a practical action to implement the spirit of the important speech and instructions made by the General Secretary of Xi Jinping during his inspection in Liaoning, and it is also a decisive measure to promote the transformation and upgrading of the cement industry based on Liaoning and radiating the northeast. The Municipal Committee and the Municipal Government will make every effort to create a better environment, provide better services and support the development and growth of enterprises.

City leaders Song Huayun and Zhu Fuchun, and Man Gaopeng, member of the Party Committee and vice president of Tianshan Materials Co., Ltd., participated in the event.

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Correlation

The agreement is effective from January 1, 2025 and lasts for three years until December 31, 2027. According to the agreement, CNBM will provide comprehensive cement kiln co-processing services and related support services to the Company. As CNBM holds a 50% equity interest in Haijian Hong Kong, a subsidiary of the Company, the renewed transaction constitutes a continuing connected transaction of the Company.