Recently, Conch Cement announced that the total transaction amount (annual cap) of the dissolution accelerator purchased by the company from Conch Preparation Happy Technology Company was adjusted from no more than 15.5 million yuan (existing annual cap) to no more than 75.27 million yuan.
Conch Cement stated in the reasons for raising the annual cap of the total transaction amount: According to the relevant contracts, Conch Cement plans to use the dissolution accelerator supplied by Conch Preparation High-tech Company in two production lines of two subsidiaries. Through the evaluation and analysis of the use effect, the use of the dissolution accelerator effectively reduces the coal consumption of the production line. Therefore, the Company is gradually promoting the use of the dissolution accelerator supplied by Conch Preparation Hi-Tech Company in the production lines of more subsidiaries (expected to be more than 30 lines).
As at the date of this announcement, the actual transaction amount under the original Dissolution Accelerator Sale and Purchase Agreement is close to the existing annual cap, and the Board expects that the actual total transaction amount for 2025 will exceed the existing annual cap.
Therefore, the Company entered into the Supplemental Agreement to revise the existing annual cap of the Melting Accelerator Sale and Purchase Agreement, and the revised annual cap thereunder is RMB75.27 million.
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