On October 29, Yanyuan Conch Building Materials Co., Ltd. was established. Its legal representative is Chen Yi. Its registered capital is 200 million yuan. Its registered address is Baozigou, Group 3, Xiahai Village, Longtang Town, Yanyuan County, Liangshan Yi Autonomous Prefecture, Sichuan Province. Its business scope includes cement production, mining of non-coal mineral resources and manufacturing of cement products; Electric vehicle charging infrastructure operation; solar power generation technology service; research and development of residual heat, pressure and gas utilization technology, etc.
Shareholder information shows that the company is jointly owned by Anhui Conch Cement Co., Ltd. and Chongqing Conch Cement Co., Ltd.

According to local market rumors, Conch Cement wants to buy Sichuan Yanyuan Golden Crown Cement Co., Ltd. After the acquisition, it can provide clinker for Basu Conch to a certain extent and enhance the influence of Conch Cement in the Xizang market. Yanyuan Conch Building Materials Co., Ltd. may become the carrier of the acquisition of Yanyuan Golden Crown Cement.
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