China Tianrui Cement: Update on the Progress of Prepayment

On January 27, Tianrui Cement released the latest news on the progress of prepayment.

As disclosed in the 2024 Annual Report, the Group has entered into agreements with various coal suppliers in relation to the recovery plan of the prepayments, and it is expected that the prepayments of RMB12,273.9 million (the "Amount of Prepayments") will be utilized or recovered from the coal suppliers by the end of 2025.

As of December 31, 2025, the Group has utilized or recovered approximately 10% -15% of the amount of prepayments from coal suppliers to date. As at the date of this announcement, the Company is still in the process of negotiating with the coal supplier on the revised recovery plan of the prepayment. Further announcement will be made by the Company if the negotiation with the coal supplier is completed.