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China Conch Venture Holdings Limited
中 國 海 螺 創 業 控 股 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 586)
THE PUBLICATION OF ANNOUNCEMENT ON
NOTICE OF BOARD MEETING
BY ANHUI CONCH CEMENT COMPANY LIMITED
This announcement is made by China Conch Venture Holdings Limited (''Company'', which together with its subsidiaries are collectively referred to as the ''Group'') pursuant to Rule 13.09 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).
As at the date of this announcement, the Group is indirectly interested in 49% equity interest in 安徽海螺集團有限責任公司 (Anhui Conch Holdings Co. Ltd.*, ''Conch Holdings''), which in turn is interested in approximately 36.40% equity interest in Anhui Conch Cement Company Limited (''Conch Cement'', Hong Kong Stock Exchange stock code: 00914, Shanghai Stock Exchange stock code: 600585). As disclosed in the Company's annual report previously published for the year ended 31 December 2018（''FY2018'') and its interim report for the six months ended 30 June 2019 (''1H2019''), the Group derived a substantial portion of its profit for FY2018 and 1H2019 from its equity interests in Conch Holdings, an associate of the Company. During such periods, the share of profit of Conch Holdings accounted for 87.1% and 86.3% of the Group's profit, respectively.
Having taken into account the above factors, the board (''Board'') of directors (''Directors'') of the Company wishes to inform the shareholders of the Company that on 9 March 2020 Conch Cement published an announcement (''Cement Announcement'') giving notice of a board meeting of Conch Cement to be held on 20 March 2020 to consider and approve (among other matters) the audited annual results of Conch Cement and its subsidiaries for the financial year ended 31 December 2019.
For further details, shareholders of the Company and potential investors are requested to refer to the Cement Announcement.