China Resources Cement : VOLUNTARY ANNOUNCEMENT - SUBSCRIPTION OF 40,164,000 H SHARES OF YCIH GREEN HIGH-PERFORMANCE CONCRETE COMPANY LIMITED

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(Stock Code: 1313)

VOLUNTARY ANNOUNCEMENT

SUBSCRIPTION OF 40,164,000 H SHARES OF

YCIH GREEN HIGH-PERFORMANCE CONCRETE COMPANY LIMITED

This is a voluntary announcement made by China Resources Cement Holdings Limited (the "Company", and together with its subsidiaries, the "Group").

THE SUBSCRIPTION

The board ("Board") of directors ("Directors") of the Company is pleased to announce that, pursuant to the cornerstone investment agreement entered into between China Resources Cement Holdings (Hong Kong) Limited ("CR Cement HK"), the Company's wholly own subsidiary, YCIH Green High-Performance Concrete Company Limited ("YCIH Concrete") and China International Capital Corporation Hong Kong Securities Limited ("CICC"), CR Cement HK has subscribed 40,164,000 H shares of YCIH Concrete at the global offer price of HK$3.36 per share, representing approximately 8.61% of its total issued share capital and a total consideration HK$134,951,040. The H shares of YCIH Concrete will be listed and traded on the main board of The Stock Exchange of Hong Kong Limited with effect from 31 October 2019 (stock code: 1847).

To the best of the Directors' knowledge, information and belief, and having made all reasonable enquiries, each of YCIH Concrete, CICC and their ultimate beneficial owners are third parties independent of the Company and its connected persons.

INFORMATION OF THE PARTIES

YCIH Concrete

YCIH Green High-Performance Concrete Company Limited was established in China on 19 June 2007 as a limited liability company and was converted into a joint stock company with limited liability in China on 22 December 2017. The percentage of shareholding of its controlling shareholder, Yunnan Construction and Investment Holding Group Co., Ltd.* (雲南省建設投資控 股集團有限公司) ("YCIH Group"), represents approximately 60.05% of its total issued share capital.

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According to the data in the prospectus of YCIH Concrete, the principal businesses of YCIH Concrete include the production and sale of ready-mixed concrete, polycarboxylic admixtures and aggregates, as well as the provision of concrete-related quality and technology management services. As at the end of 2018, YCIH Concrete had 59 concrete batching plants with annual production capacity of 21.266 million m3. Its production volume of ready-mixed concrete was 9.137 million m3 in 2018, representing a market share of 14.9% in Yunnan province, ranking first in Yunnan province and sixth in China by production volume. The audited consolidated financial information and other specific information of YCIH Concrete and its subsidiaries are set forth in its prospectus.

The Company and the Group

The Company is a company incorporated in the Cayman Islands with limited liability whose shares are listed and traded on the main board of The Stock Exchange of Hong Kong Limited. The Group is principally engaged in the manufacture and sale of cement, concrete and other related products and services in China and Hong Kong.

CR Cement HK

China Resources Cement Holdings (Hong Kong) Limited is a limited company incorporated in Hong Kong and a wholly-owned subsidiary of the Company. It is an investment holding company and its subsidiaries are principally engaged in the manufacture and sale of cement, concrete and other related products and services in China.

CICC

China International Capital Corporation Hong Kong Securities Limited is a limited company incorporated in Hong Kong, which acts as the sole sponsor and the sole global coordinator for the global offering of H shares of YCIH Concrete.

REASONS FOR AND BENEFITS OF THE SUBSCRIPTION

YCIH Group, the controlling shareholder of YCIH Concrete, is a very important state owned enterprise in Yunnan province. It ranked first out of the top 100 enterprises in Yunnan province in 2018. Its businesses involve investments and construction of infrastructure, investments and development of urban construction, property development, investments and development of tourism and health industries, investments and construction of international projects, covering all construction businesses in the construction industry. Its operations covers China, South Asia, Southeast Asia, Middle East and Africa. On 24 June 2019, the Company and YCIH Group entered into a strategic cooperation agreement, whereby the parties shall launch comprehensive cooperation on the businesses of cement, concrete and aggregates. The Company's becoming of a strategic shareholder of YCIH Concrete marks a substantive and key step taken by the parties in the strategic cooperation. YCIH is a leading ready-mixed concrete producer in China with strong research and development capabilities. The parties' cooperation will be conducive to raising the Group's market competitiveness in Yunnan province and the development strategy of extension of industry chain.

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IMPLICATIONS UNDER THE LISTING RULES

As the applicable percentage ratios set out in Rule 14.07 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in respect of the subscription of H shares of YCIH Concrete are less than 5%, this subscription does not constitute a notifiable transaction of the Company.

By order of the Board

CHINA RESOURCES CEMENT HOLDINGS LIMITED

ZHOU Longshan

Chairman

Hong Kong, 30 October 2019

* For identification purposes only.

As at the date of this announcement, the executive Directors are Mr. ZHOU Longshan and Mr. JI Youhong; the non-executive Directors are Mr. CHEN Ying, Mr. WANG Yan, Madam WAN Suet Fei and Mr. JING Shiqing; and the independent non-executive Directors are Mr. IP Shu Kwan Stephen, Mr. SHEK Lai Him Abraham, Madam ZENG Xuemin and Mr. LAM Chi Yuen Nelson.

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