Wang Lei, Chairman of Northern Cement, and Chen Tiezhi, Chairman of Yatai Group, had in-depth exchanges

On the morning of June 20,

2025, at the headquarters of Yatai Group, Chen Tiezhi, Secretary of the Party Committee and Chairman of the Group, received Wang Lei, Chairman of China Building Material North Cement Co., Ltd. and Chairman of Pan-Northeast Cement Industry Alliance. The two sides conducted in-depth and friendly exchanges on the current situation of the cement industry, how to cooperate, win-win and anti-involution, and jointly promote the better development of the industry. Chairman

Wang Lei first introduced the current situation of the industry in three provinces and one region and the situation of cement enterprises in the north. Wang Lei said that China's cement industry is currently in the stage of deep adjustment and transformation, and is facing multiple challenges and opportunities. In recent years, with the continuous decline of production and demand in the cement industry, the contradiction of excess capacity has gradually become prominent. In order to solve the current core contradictions in the cement industry, building materials enterprises should further accelerate the integration of the industry, do a good job in green and intelligent transformation, strengthen the role of alliances within the industry, reshape the competitiveness of the industry, and promote the healthy development of the industry. Chairman

Chen Tiezhi introduced the development status of Yatai Group and the current transformation and upgrading ideas. Chen Tiezhi said that the provincial and municipal governments attach great importance to and support the development of Yatai Group, especially in cement and building materials products. At present, Yatai Group has good mine resources and brand accumulation, and has space and market for future development. At present, Yatai Group is actively promoting the green, low-carbon and intelligent clinker production line project in Shuangyang area of Changchun, and invites Northern Cement to actively participate in the win-win cooperation and coordinated development between the two sides. Chen Tiezhi stressed that the past cooperation between the two sides should continue to advance, jointly study, maintain good cooperative relations between enterprises, and jointly manage the building materials market in the Pan-Northeast region. During the

talks, the two sides also shared and exchanged views on the enterprise management and operation mode, operation system and mechanism, intra-industry procurement strategic cooperation and industry benchmarking of large cement groups, and formed a highly compatible development strategy towards capacity optimization, green transformation, intensive and low-carbon development. Next, the two sides made agreements and arrangements on the next high-level visits and in-depth exchanges between enterprises. Chen Bo, Executive Vice President

of Yatai Building Materials Group, accompanied the reception.