Tianshan Cement Co., Ltd.: Cement Industry's Inclusion in the National Carbon Market Has Little Impact on Cost in the Short Term

Recently, Tianshan Materials Co., Ltd. issued a record of investor relations activities, announcing the main contents of the interactive link of the performance presentation meeting.

Question: What are the short-term and medium-term impacts of the cement industry's inclusion in the carbon trading market?

Tianshan Cement Co., Ltd.: The incorporation of the cement industry into the national carbon market will have little impact on the cost in the short term, but will have a significant impact on the production and operation, data control, transaction costs, energy saving and carbon reduction investment of cement enterprises in the medium and long term. With the carbon quota from basic satisfaction to tight reduction, stricter policies and higher standards will effectively promote the industry to reduce production capacity. And then affect the competitiveness and supply and demand pattern.