Conch Cement recently announced that on December 30, 2021, Anhui Conch Cement Co., Ltd. will use 1 billion yuan of its own funds to purchase the exclusive "Ruixin" fixed-income closed-end products of Jianxin Finance Co., Ltd. for a period of 1092 days. When the product expired on December 26,
2024, the company fully recovered the principal of 1 billion yuan of entrusted financing and obtained 63.986 million yuan of financing income.
As of the date of this announcement, the company's accumulated balance of entrusted financing is 0 yuan.
