West China Cement Limited announced that on 28 December 2018, it further redeemed an aggregate principal amount of USD 30 million of the Notes, representing approximately 8.57% of the outstanding principal amount of USD 350 million, at a redemption price equal to 101.625% of the principal amount thereof together with all accrued and unpaid interest. The redemption of the Redeemed Notes was in accordance with the indenture constituting the Notes by way of the exercise by the Company of its optional redemption right. The Redeemed Notes will be cancelled. The board of the company considers that the redemption and cancellation of the Redeemed Notes will not have any material impact over the company's financial position. Upon redemption and cancellation of the Redeemed Notes, the aggregate outstanding principal amount of the Notes will become USD 320 million.