The board of directors of Asia Cement (China) Holdings Corporation announced that Dr. WU, Chung-lih has resigned as the chief executive officer of the Company with effect from 10 May 2022 due to a re-designation of duties in the Group. Dr. Wu will remain as an executive Director upon his resignation as the Chief Executive Officer. The Board further announces that Mr. CHANG, Chen-kuen has been re- designated from his office as the deputy chief executive officer of the Company to be the Chief Executive Officer with effect from 10 May 2022.

Prior to his appointment as the Chief Executive Officer, Mr. Chang, aged 75, has served as an executive Director, the deputy chief executive officer of the Group who has been responsible for the production technology and research and development activities of the Group.