Total 8 billion! Since this year, Conch Cement has subscribed for 8 billion yuan of financial products.

On June 3, Conch Cement disclosed the transaction announcement of subscribing for financial products.

I. On March 26, 2026, Conch Cement signed two wealth management product contracts with Minsheng Wealth Management Company, using its own idle funds to subscribe for wealth management products totaling RMB 2 billion, with a product term of 364 days and a performance benchmark (I. E. Expected annualized rate of return) of 2.55% to 2.65%.

2. On March 30, 2026, Conch Cement signed a wealth management product contract with Minsheng Wealth Management Company, using its own idle funds to subscribe for a wealth management product of RMB 1 billion, with a product term of 364 days and a performance benchmark of 2.55% to 2.65%.

3. On May 28, 2026, Conch Cement signed two wealth management product contracts with Minsheng Wealth Management Company, using its own idle funds to subscribe for a total of 1.9 billion yuan of wealth management products, with a product life of 362 days and a performance benchmark of 2.60%.

4. On June 3, 2026, Conch Cement signed two wealth management product contracts with Minsheng Wealth Management Company, using its own idle funds to subscribe for a total of 3.1 billion yuan of wealth management products, with a product life of 362 days and a performance benchmark of 2.60%.

Conch Cement said that the company's use of its own idle funds to subscribe for financial products, through the reasonable and effective operation of the phased idle funds, is conducive to improving the efficiency of the use of funds and bringing benefits to the group, while the company has fully considered the amount authorized by the board of directors when subscribing for financial products and determining the amount of product subscription. The Board is of the view that the subscription of the Wealth Management Products will not affect the daily capital turnover of the Company, as well as the capital needs such as daily operation turnover and capital expenditure, and the expected return and income brought by the subscription of the Wealth Management Products. Influenced

by the continuous downward trend of bank demand and time deposit interest rates, the traditional deposit income has shrunk year by year, and the intensive distribution of low-risk financial management of Conch Cement is a routine operation for leading enterprises in the industry to activate their stock funds. In the industry cycle with scarce investment opportunities in the main business and slow expansion of production, increasing investment returns and increasing the rate of return on idle funds through sound financial management can not only alleviate the profit pressure caused by the fluctuation of the main business cycle, but also reflect the fine management of Conch Cement's abundant cash flow.