Asia Cement China : UPDATE ANNOUNCEMENT ON THE COMPLETION OF THE AUDITING PROCESS OF THE ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020

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Asia Cement (China) Holdings Corporation

亞 洲 水 泥（中 國）控 股 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 743)

UPDATE ANNOUNCEMENT ON THE COMPLETION OF THE

AUDITING PROCESS OF THE ANNUAL RESULTS FOR THE YEAR

ENDED 31 DECEMBER 2020

Reference is made to the announcements of the Company dated 1 April and 6 April 2021 in relation to, among other things, the delay in publication of audited annual results announcement for the year ended 31 December 2020, publication of unaudited annual results announcement for the year ended 31 December 2020, and suspension of trading (the "Announcements"). Unless defined otherwise, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

FURTHER DELAY IN PUBLICATION OF AUDITED ANNUAL RESULTS ANNOUNCEMENT AND DESPATCH OF THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Further to the Announcements in early April, discussions have been held between the Company, its audit committee and its auditors in relation to the outstanding audit issues and procedures with respect to the annual financial statements for the year ended 31 December 2020 and the Company has been informed by its auditors today that they require additional time to complete the audit procedure.

As a result, the Company has not yet obtained the agreement from its auditors with respect to annual results of the Group for the year ended 31 December 2020 and the Company will publish further announcement(s) to provide the Shareholders with any update on this matter as and when appropriate in compliance with the Listing Rules.

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CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in the shares of the Company on the Stock Exchange was suspended from 9:00 a.m. on 1 April 2021 and will remain suspended until further notice.

By Order of the Board

Asia Cement (China) Holdings Corporation

HSU Shu-tong

Chairman

Hong Kong, 30 April 2021

As at the date of this announcement, the executive Directors are Mr. HSU Shu-ping, Mr. CHANG Tsai-hsiung, Dr. WU Chung-lih, Mr. CHANG Chen-kuen, Mr. LIN Seng-chang and Ms. WU Ling-ling; the non-executive Director and Chairman is Mr. HSU Shu-tong; the independent non-executive Directors are Mr. TSIM Tak-lung Dominic, Mr. WANG Wei, Mr. LEE Kao-chao and Dr. WANG Kuo-ming.

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