Opening of the 15th Five-Year Plan: Conch Cement 2026 Development Plan

Recently, Conch Cement issued the Announcement on the Action Plan of "Improving Quality, Increasing Efficiency and Increasing Returns" in 2026.

The core points are as follows:

First, the core positioning

responds to the new "Nine Articles of the People's Republic of China" and the initiative of the Shanghai Stock Exchange, starting from the 15th Five-Year Plan in 2026, high-quality development + lean management.

Objective: Strengthen the main cement business, extend the industrial chain, improve shareholder returns, and strengthen ESG and governance.

II. Domestic operation and investment

: focus on the merger and acquisition of the main cement industry, improve the market layout, strengthen the aggregate, expand the commercial mix, and develop the consumer building materials.

Overseas: Expand emerging markets and promote investment landing. Cost

reduction and efficiency enhancement: cost benchmarking, strict control of procurement and production costs, green transportation and technological innovation.

3. Innovation and new productivity

, green and low-carbon: reduce carbon at the source/process/end, and increase the R & D and application of low-carbon cement, alternative fuels, photovoltaics and CCUS.

Digitalization: Deepen the application of the first large AI model in the building materials industry, covering production, management and marketing, which can be replicated and promoted.

All-staff innovation: micro-innovation incentives to create an innovative atmosphere.

4. Shareholders' return

1. Total cash dividends + repurchases in 2026 ≥ 50% of net profit attributable to parent company.

2. Implement 2025 final dividend + 2026 interim dividend.

3. It is proposed to cancel the repurchase of 22.2425 million a shares for capital reduction.

4. The controlling shareholder has completed the increase of shareholding: approximately RMB1.28 billion, accounting for 1% of the total share capital.

Fifth, Xinpi communicates

with investors for six consecutive years, and optimizes the visualization report in 2026.

At least 3 performance presentations + 2 centralized roadshows, multi-channel communication.

6. Improve the corporate governance

system and the operation of the professional committees of the board of directors, and strengthen the management of the responsibility, remuneration and resignation of directors, supervisors and senior managers.

VII. ESG and double carbon target

2030: carbon emission intensity of clinker process ≤ 0.76 ton COe/ton clinker.

2050: Jiangsu, Zhejiang and Shanghai subsidiaries take the lead in carbon neutralization.

2060: Green and low-carbon transformation of the whole company.

2026: Clean energy substitution, CCER/CEA trading, carbon asset realization.