Capacity Transfer of Guizhou No.1 3000t/d Clinker Production Line

2025-01-20 10:23:37

The replacement plan shows that the 3000t/d clinker production capacity of Guizhou Haolong Cement is transferred to supplement 1500t/d production capacity of Zhejiang Haolong Building Materials 5500t/d clinker production line, with a replacement ratio of 2:1.

On January 17, the Office of Industry and Information Technology of Guizhou Province issued the Announcement on the Capacity Transfer Scheme of the New Dry Process Cement Production Line with a Daily Output of 3000 Tons of Clinker of Guizhou Haolong Cement Co., Ltd.

The replacement plan shows that the 3000t/d clinker production capacity of Guizhou Haolong Cement is transferred to supplement 1500t/d production capacity of Zhejiang Haolong Building Materials 5500t/d clinker production line, with a replacement ratio of 2:1.

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Correlation

The agreement is effective from January 1, 2025 and lasts for three years until December 31, 2027. According to the agreement, CNBM will provide comprehensive cement kiln co-processing services and related support services to the Company. As CNBM holds a 50% equity interest in Haijian Hong Kong, a subsidiary of the Company, the renewed transaction constitutes a continuing connected transaction of the Company.