Conch Cement Appoints Yu Shui as General Counsel and Chief Compliance Officer of the Company

2025-03-14 23:15:59

On March 14, Anhui Conch Cement Co., Ltd. issued an announcement on the appointment of general counsel and chief compliance officer.

On March 14, Anhui Conch Cement Co., Ltd. (Stock Code: 600585, hereinafter referred to as "Conch Cement") issued an announcement on the appointment of general counsel and chief compliance officer.

The announcement said that on March 14, 2025, the Conch Cement Board of Directors considered and approved the Bill on the Appointment of General Counsel and Chief Compliance Officer. According to the recommendation of the remuneration and nomination committee of the board of directors of Conch Cement, the board unanimously agreed to appoint Yu Shui as the general counsel and chief compliance officer of the company.

Yu Shui, born in October 1976, is an assistant economist. Mr. Yu graduated from Anhui University. He joined Conch Cement in 1997 and has successively served as deputy director of the sales control center, assistant to the director, deputy director, executive deputy director and director of the sales department of Conch Cement, and executive deputy general manager of Bengbu Conch Cement Co., Ltd., Huainan Conch Cement Co., Ltd. and Anhui Changfeng Conch Cement Co., Ltd. General Manager of Conch Cement Co., Ltd. in South Kalimantan, Indonesia, Assistant to General Manager of Conch Cement, etc. Yu Shui also serves as an executive director, deputy general manager and secretary to the board of directors of Conch Cement.

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Correlation

On March 14, Anhui Conch Cement Co., Ltd. issued an announcement on the appointment of general counsel and chief compliance officer.

2025-03-14 23:15:59

In accordance with the relevant provisions of the Detailed Rules for the Implementation of the Pre-reorganisation of the Intermediate People's Court of Changchun City, Jilin Province (for Trial Implementation), during the period of pre-reorganisation, the Company and some of its subsidiaries subject to pre-reorganisation shall not pay off their debts except for the necessary expenses for the continued operation of the enterprise and the maintenance of its operating value. As at the date of this announcement, the principal and interest of overdue debts of the Company and its subsidiaries amounted to RMB6.959 billion, representing 1,124.30% of the latest audited net assets attributable to the parent company of the Company.