VOLUNTARY ANNOUNCEMENT IN RELATION TO THE PUBLICATION OF THE 2021 THIRD QUARTERLY REPORT BY ANHUI CONCH CEMENT COMPANY LIMITED

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China Conch Venture Holdings Limited

中 國 海 螺 創 業 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 586)

VOLUNTARY ANNOUNCEMENT IN RELATION TO

THE PUBLICATION OF THE 2021 THIRD QUARTERLY REPORT

BY ANHUI CONCH CEMENT COMPANY LIMITED

This announcement is made by China Conch Venture Holdings Limited (''Company'', which together with its subsidiaries are collectively referred to as the ''Group'') on a voluntary basis.

As at the date of this announcement, the Group is indirectly interested in 49% equity interest in 安徽海螺集團有限責任公司 (Anhui Conch Holdings Co. Ltd.*, ''Conch Holdings''), which in turn is interested in approximately 36.40% equity interest in Anhui Conch Cement Company Limited (''Conch Cement'', Hong Kong Stock Exchange stock code: 00914, Shanghai Stock Exchange stock code: 600585). As disclosed in the Company's annual report previously published for the year ended 31 December 2020 (''FY2020'') and its interim report for the six months ended 30 June 2021 (''1H2021''), the Group derived a substantial portion of its profit for FY2020 and 1H2021 from its equity interests in Conch Holdings, an associate of the Company. During such periods, the share of profit of Conch Holdings accounted for 82.1% and 77.2% of the Group's profit, respectively.

Having taken into account the above factors, the board (''Board'') of directors (''Directors'') of the Company wishes to inform the shareholders of the Company that on 28 October 2021 Conch Cement published its 2021 third quarterly report (''Cement 3Q2021 Report'') containing its unaudited quarterly results for the nine months ended 30 September 2021 (''3Q2021''). For further details, shareholders of the Company and potential investors are requested to refer to the Cement 3Q2021 Report.

For and on behalf of the Board

China Conch Venture Holdings Limited

GUO Jingbin

Chairman

Anhui Province, the People's Republic of China

28 October 2021

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As at the date of this announcement, the Board comprises Mr. JI Qinying (Chief Executive Officer), Mr. LI Jian and Mr. LI Daming as executive Directors; Mr. GUO Jingbin (Chairman), Mr. CHANG Zhangli and Mr. SHU Mao as non-executive Directors; and Mr. CHAN Chi On (alias Derek CHAN), Mr. CHAN Kai Wing and Mr. LAU Chi Wah, Alex as independent non-executive Directors.

* English translation or transliteration of Chinese name for identification purpose only

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