YCIH Green High-Performance Concrete Company Limited announced that the Group has continuously entered into concrete supply contracts in relation to the construction project of S45 Yongren-Jinshuihe (Xinping (Gasa)-Yuanjiang (Hongguang)) Highway (the Yongren-Jinshuihe Highway Project) and the construction project of Lijianggucheng-Ninglang Highway (the Lijianggucheng-Ninglang Highway Project) of Yunnan Province, China (the Yunnan Province). (1) Yongren-Jinshuihe Highway Project The Yongren-Jinshuihe Highway Project starts from Gasa Town, Xinping Yi and Dai Autonomous County, Yuxi City, Yunnan Province and ends at Hongguang District, Manlai Town, Yuanjiang Hani, Yi and Dai Autonomous County, Yuxi City, Yunnan Province, with a total length of approximately 64.5 kilometers, which is an important section of Yongren- Jinshuihe Highway, the 11th link-up of the Five verticals, Five horizontals, One circle, Two rings and Twenty link-ups highway network under the Revision of Yunnan Provincial Road Network Planning (2016-2030) 2016-2030, and the main artery to reach the border from south to north in Yunnan Province. The aggregate amount of concrete supply contract for the Yongren-Jinshuihe Highway Project is approximately RMB 730 million, involving a concrete demand of approximately 1,867,900 cubic metres, and is expected to be completed in 2023.) Lijianggucheng-Ninglang Highway Project The Lijianggucheng-Ninglang Highway Project starts from the south side of Lijiang City, Yunnan Province near Guanpo of the Huaping-Lijiang Highway and ends at the junction of Kaiyuanqiao of the Ninglang-Yongsheng Highway, with a total length of approximately 120 kilometers, which is an important support project for the development strategy of Lijiang City to build comprehensive major transportation corridors of Two horizontals, Three verticals, Four link-ups and One belt and a key section of the Great Shangri-La Tourism Loop Line .

The aggregate amount of concrete supply contract for the Lijianggucheng- Ninglang Highway Project is approximately RMB 459 million, involving a concrete demand of approximately 1,060,000 cubic metres, and is expected to be completed in 2025. The Group continues to actively organize and carry out marketing work based on its key concrete business and has made certain progress recently. For the three months from August to October 2022, the Group has entered into concrete supply contracts with an aggregate amount of approximately RMB 2.018 billion (including Yongren-Jinshuihe Highway Project and Lijianggucheng-Ninglang Highway Project).

For the ten months ended October 31, 2022, the Group has entered into concrete supply contracts with an aggregate amount of approximately RMB 3.418 billion in 2022. Based on the continuous follow-up in terms of business, for non-highway projects, the Group is expected to participate in the concrete supply for projects such as East Third Ring Section A (Luoya Interchange to Guangchang Interchange) of Kunming Third Ring Closure Project (A), Malong Campus of Qujing Medical College construction project, Dali Regimen Venture Healthcare Park construction project, Kun Hua International Hospital of Yunnan Province (Respiratory Regional Medical Center and East Clinic of the First People's Hospital of Yunnan Province) construction project, water diversion in central Yunnan Phase II (Chuxiong section) and Yuxi Chunhe Modern Flower Industry Integration Development Demonstration Park (Phase I). For highway projects, the Group will continue to participate in the concrete supply of the construction projects of more than 10 highways in Yunnan Province, including the ongoing supply for Yongde (Lianziqiao)-Gengma (Mengjian) Highway Construction PPP Project, Mile-Yuxi section of Mile-Chuxiong Highway Project, Yongren-Jinshuihe Highway Project and Lijianggucheng-Ninglang Highway Project, as well as continuous support for Xuanwei- Fuyuan Highway, Eshan-Shiping-Honghe Highway, Chengjiang-Huaning Highway, Ludian-Qiaojia Highway, Dehong section of Ruili-Menglian Highway, Southeast Circle Highway of Chuxiong, Hekou-Maguan Highway, Xilin-Guangnan Highway, Yunlong-Yongping Highway, Nanjian-Yunxian Highway and Yongping-Changning Highway (Changning section).

The aforementioned projects may commence construction successively in late 2022, 2023 and 2024 and generate demand for concrete, which will support the future business development of the Group to a certain extent.