The total is about 177 million yuan! Conch Cement signed several related party transaction contracts

On May 23, Conch Cement (600585/00914) announced that it had recently signed a number of contracts with Conch Design Institute. Including Engineering Project Design and Technical Service Contract, Mine Infrastructure Project EPC Contract and SCR Denitrification Technical Transformation Service Contract. According to the announcement, the total contract amount is about 177 million yuan.

Conch Design Institute is a wholly-owned subsidiary of Conch Group, the controlling shareholder of the company, so these transactions constitute related party transactions.