Anhui Conch Cement Company Limited announced that Mr. Wang Cheng, the Chairman and an executive Director of the Company, tendered a written resignation report on 17 May 2022 to the board ("Board") of Directors of the Company, applying for resignation from his roles as the Chairman and an executive Director and ceasing to act as the legal representative of the Company. Mr. Wang's resignation became effective from the date of delivery of his resignation report to the Board, i.e. 17 May 2022. The Board resolved to entrust Mr. Wang Jianchao, the vice chairman of the Company and an executive Director, as the acting Chairman and legal representative of the Company for the time being until appointment of the new Chairman by the Board.

The Company will nominate a new Director and elect the new Chairman according to the relevant rules and egulations of the PRC and the relevant procedures under the Articles of Association. Mr. Wang and the Board have confirmed that Mr. Wang has no disagreement with the Board and that Mr. Wang and the Board are not aware of other matters in connection with Mr. Wang's resignation that need to be brought to the attention of the shareholders of the Company.