China Conch Environment Protection Holdings Limited

Conch Cement announced on September 30 that Anhui Conch Environmental Protection Group, a subsidiary of its non-wholly-owned subsidiary Conch Environmental Protection, and Wuhu Conch Environmental Protection, as buyers, and Anhui Haijing, as seller, signed four equity transfer agreements with the target companies, for a total consideration of 307 million yuan. Specifically, the acquisition includes 100% equity in Tianjin Hanyang for 136 million yuan; 100% equity in Shenyang Hanyang for 109 million yuan; 100% equity in Dalian Hanyang for 37 million yuan; and 100% equity in Tieling Hanyang for 25 million yuan. The four target companies are mainly engaged in medical waste collection and disposal. Shenyang Hanyang and Dalian Hanyang hold local medical waste disposal franchise rights, while Tieling Hanyang has signed a long-term cooperation agreement with the local government for medical waste collection and disposal. The announcement noted that Conch Group holds 37.55% of the company's shares, and Conch Group and its wholly-owned subsidiary Conch Capital hold 99% and 1% interests in Anhui Haijing respectively. Anhui Haijing is a connected person of the company, and this transaction is deemed a connected transaction. In the first half of 2026, Conch Cement achieved revenue of 36.927 billion yuan, down 10.6% year-on-year; net profit attributable to the parent was 2.527 billion yuan, down 42.2% year-on-year.