Xie Shuorong, vice chairman of Shangfeng Cement, retired and Wang Zhi was nominated as a candidate for non-independent director.

Recently, Shangfeng Cement issued the Announcement on By-election of Directors of the Company, which shows that the board of directors of the company has recently received a written resignation report submitted by Mr. Xie Shuorong, the director of the company. Mr. Xie Shuorong applied to resign as a director and vice chairman of the eleventh session of the Board and a member of the Strategy and Investment Committee and the Remuneration and Appraisal Committee of the Board of the Company as he reached the statutory retirement age. Mr. Xie Shuorong will no longer hold any position in the Company after his resignation from the above positions.

In order to ensure the smooth development of the work of the board of directors of the company and improve the corporate governance structure, upon the recommendation of Tongling Nonferrous Metals Group Holding Co., Ltd., the third largest shareholder of the company, and upon the qualification review of the nomination committee of the company, it was unanimously agreed to nominate Mr. Wang Zhi as a non-independent director candidate of the eleventh board of directors of the company. The term of office of the candidates shall be from the date of approval by the shareholders' meeting of the Company to the expiration of the current session of the Board of Directors.