The board of directors (the "Board") of Asia Cement (China) Holdings Corporation informed shareholders of the Company and potential investors that, based on the Company's preliminary review of the management accounts of the Group, it is expected that the unaudited profit attributable to equity holders of the Group for the three months ended 31 March 2023 will decrease by approximately 70% as compared with that of the same period in 2022. The Board considers that the above expected decrease was primarily due to the selling price of the Group's products declined compared with that of the corresponding period of the previous year.