Anhui Conch Cement : POSITIVE PROFIT ALERT FOR THE YEAR ENDED 31 DECEMBER 2018

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安徽海螺水泥股份有限公司

ANHUI CONCH CEMENT COMPANY LIMITED

(a joint stock limited company incorporated in the People's Republic of China)

(Stock Code: 00914)

POSITIVE PROFIT ALERT FOR THE YEAR ENDED 31 DECEMBER 2018

This announcement is made by the Company pursuant to Rule 13.09(2)(a) of the Listing Rules and Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance.

In accordance with the applicable laws and regulations of the PRC, the Company will publish an announcement in the designated newspaper circulating in the PRC on 11 January 2019 regarding the positive profit alert for the year ended 31 December 2018.

The Board wishes to inform Shareholders and potential investors that the Group is expected to have a significant growth in results and to record a significant increase of approximately 80% to 100% in its Net Profit for the year ended 31 December 2018 as compared to that for the year ended 31 December 2017.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

This announcement is made by Anhui Conch Cement Company Limited ("Company", together with its subsidiaries, collectively referred to as the "Group") pursuant to Rule 13.09(2)(a) of the Rules ("Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

In accordance with the applicable laws and regulations of the People's Republic of China (the "PRC"), the Company will publish an announcement in the designated newspaper circulating in the PRC on 11 January 2019 regarding the positive profit alert for the year ended 31 December 2018.

The board ("Board") of directors ("Directors") of the Company wishes to inform shareholders of the Company ("Shareholders") and potential investors that, based on the estimation of the operating results of the Group for 2018 prepared in accordance with the PRC corporate accounting standards, the Group is expected to record a significant increase in its net profit ("Net Profit") attributable to the Company's equity holders for the year ended 31 December 2018, in the amount of approximately RMB12,684 million to approximately RMB15,855 million, representing a significant increase of approximately 80% to 100% in its Net Profit as compared to that of the year ended 31 December 2017 (the Net Profit for the year ended 31 December 2017 prepared by the Company in accordance with the PRC corporate accounting standards amounted to approximately RMB15,855 million and earnings per share was RMB2.99).

The Directors believe that such significant increase in the Net Profit for the year ended 31 December 2018 is mainly attributable to the positive impact of the supply-side structural reform of the cement industry and the continual improvement in the relationship between the market supply and demand resulting in an increase in the selling price of the Company's products and a significant year-on-year increase in the operating income for the year ended 31 December 2018.

The Group is still in the process of preparing and finalising its audited consolidated annual results of the Group for the year ended 31 December 2018. The information contained in this announcement is only based on the preliminary assessment by the management of the Company with reference to the internal management accounts of the Group (which have not been reviewed or audited by the Company's auditors) and the information currently available. The audited consolidated annual results of the Group for the year ended 31 December 2018 is expected to be published by the Company in March 2019.

Shareholders and potential investors are advised to exercise caution when dealing in shares of the Company.

By order of the Board

Anhui Conch Cement Company Limited

Yu Shui

Joint Company Secretary

Wuhu City, Anhui Province, the PRC

10 January 2019

As at the date of this announcement, the Board comprises (i) Mr Gao Dengbang, Mr Wang Jianchao, Mr Wu Bin and Mr Ding Feng as executive Directors; (ii) Mr Yang Mian Zhi, Mr Tai Kwok Leung and Mr Leung Tat Kwong Simon as independent non-executive Directors.