On February 25, Conch Cement announced that, based on its confidence in the company's sustainable and stable development in the future and its recognition of its long-term investment value, Conch Group, the controlling shareholder of the company, plans to use its own funds and self-financing funds within six months from the date of the announcement. To increase its holding of a shares of the Company by way of centralized bidding through the trading system of the Shanghai Stock Exchange, with the amount of increase not less than RMB700 million (inclusive) and not more than RMB1.4 billion (inclusive).

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