, 2026, Anhui Conch Cement Co., Ltd. (Hereinafter referred to as "Conch Group") issued a "Letter of Commitment on Non-Competition" on the proposed acquisition of Anhui Wanwei Group Co., Ltd. (Hereinafter referred to as "Wanwei Group"), aiming at the potential competition problems that may arise after the acquisition. Protect the legitimate rights and interests of listed companies and all shareholders.
Among the specific measures, Conch Group said that it would actively coordinate Wanwei Hi-tech and its subsidiaries, start the disposal of cement-related assets and businesses before the completion of the capital increase acquisition, and give Conch Cement the preemptive right under the same conditions. All disposal procedures will strictly comply with the listing rules of the Hong Kong Stock Exchange and the Shanghai Stock Exchange and relevant laws and regulations, and if the approval of the regulatory authorities is required, the corresponding procedures will be carried out.
At the same time, if the relevant cement business disposal has not been started or completed when the capital increase acquisition is completed, Conch Group undertakes to complete the disposal of this part of assets and business within three years from the date of completion of the acquisition; During this period, Conch Cement will coordinate with Wanwei Gaoxin and its subsidiaries to sign an exclusive contractual operation agreement, and Conch Cement will be exclusively responsible for the operation and management of this part of the cement business. The validity period of the agreement (including renewal) will not exceed three years, and the agreement will be automatically terminated after the completion of the disposal.
Data show that Anhui Wanwei High-tech Materials Co., Ltd. has a 6000t/d and a 3000t/ d clinker production line, with a total clinker production capacity of 9000 t/d.
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