The Latest Progress of Tianrui Cement Suspension

2024-07-25 10:56:12

The Company has requested the Listing Review Committee of the Stock Exchange to review the decision of the Listing Division and the decision of the Listing Committee. As at the date of this announcement, the hearing of the Listing Review Committee has not yet been held.

On

22 July, Tianrui Cement announced that the Listing Division of the Stock Exchange had issued instructions for the resumption of trading in the Shares, and that the Listing Committee of the Stock Exchange had recently upheld the decision of the Listing Division to instruct the resumption of trading in the Shares.

The Company has requested the Listing Review Committee of the Stock Exchange to review the decision of the Listing Division and the decision of the Listing Committee. As at the date of this announcement, the hearing of the Listing Review Committee has not yet been held.

It is understood that on April 9, 2024, the Hong Kong stock price of China Tianrui Group Cement Co., Ltd. fluctuated sharply, with a flash crash at the end of the day. The stock price fell from HK $4.92 per share to HK $0.048 per share, a decline of up to 99.3%, and the total market value evaporated by HK $14 billion. On the morning of April 10, China Tianrui Cement announced a short suspension on the Hong Kong Stock Exchange.

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The Company has requested the Listing Review Committee of the Stock Exchange to review the decision of the Listing Division and the decision of the Listing Committee. As at the date of this announcement, the hearing of the Listing Review Committee has not yet been held.

2024-07-25 10:56:12

From January to February 2026, the statistics of flat glass production in all parts of the country show that the cumulative output of flat glass in the whole country shows a certain trend. The cumulative output of flat glass in China decreased by 3.50% year on year. Among the regions, the output of Chongqing increased by 45.09% year-on-year, while the output of Yunnan decreased by 66.38% year-on-year. In some areas, such as Beijing, Shanghai and Qinghai, the yield data are missing. The output of other regions increased or decreased year on year, reflecting the differences in the production of flat glass in different regions.