Senior personnel changes of Western Cement and Jidong Cement

2025-03-26 09:46:13

On the same day, Jidong Cement issued a notice. Mr. Wang Xiangdong resigned as a director of the tenth session of the Board of Directors, a member of the Audit Committee and a member of the Remuneration and Appraisal Committee of the Company due to work adjustment, and ceased to hold any position in the Company.

On the evening of 24

March, Western Cement announced that with effect from 24 March 2025:

(1) Lou Jiaqiang was appointed as an independent non-executive director and a member of the audit committee of the Company;

(2) Lee Kong Wai, Conway was appointed as the chief independent non-executive director;

Wang Rui was appointed as a member of the Nomination Committee of the Company.

On the same day, Jidong Cement issued a notice. Mr. Wang Xiangdong resigned as a director of the tenth session of the Board of Directors, a member of the Audit Committee and a member of the Remuneration and Appraisal Committee of the Company due to work adjustment, and ceased to hold any position in the Company.

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Correlation

On the same day, Jidong Cement issued a notice. Mr. Wang Xiangdong resigned as a director of the tenth session of the Board of Directors, a member of the Audit Committee and a member of the Remuneration and Appraisal Committee of the Company due to work adjustment, and ceased to hold any position in the Company.

2025-03-26 09:46:13

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.