Conch Venture: Li Qunfeng was appointed as the Chairman of the Board and Pan Zhonghong as the Chief Executive Officer

On November 6, Conch Venture announced that from November 6, 2026, Mr. Guo Jingbin resigned as an executive director and ceased to be the chairman of the board of directors, the chairman of the strategy, sustainable development and risk management committee and the authorized representative; Mr.

Ji Qin Ying resigned as an executive Director and ceased to be the vice chairman of the Board, the chief executive officer of the Company, a member of the strategy, sustainable development and risk management committee and an authorized representative;

Mr. Wan Changbao resigned as an executive Director;

Mr. Lv Wenbin resigned as a non-executive Director and ceased to be a member of the Strategy, Sustainability and Risk Management Committee and a member of the Remuneration and Nomination Committee. With effect from the

same date, Mr. Li Qunfeng was appointed as an executive Director, the chairman of the Board and the chairman of the Strategy, Sustainable Development and Risk Management Committee; Mr.

Pan Zhonghong was appointed as an executive Director, the chief executive officer of the Company, a member of the remuneration and nomination committee, a member of the strategy, sustainable development and risk management committee and an authorized representative;

Mr. Xia Liang was appointed as an executive Director; Mr.

Wang Jingqian has been appointed as an executive Director and a member of the Strategy, Sustainable Development and Risk Management Committee;

Mr. Wang Xuesen has been re-designated from an executive Director to a non-executive Director; and

Mr. Chan Hing Keung, Thomas (Company Secretary) has been appointed as an Authorised Representative.

Li Qunfeng, 55 years old, graduated from Luoyang Institute of Technology (formerly Luoyang Industrial College) in August 1994, majoring in silicate technology, and is a senior engineer. He joined Conch Cement Group

in 1994 and successively served as assistant general manager, deputy general manager, general manager and regional director of Conch Cement's subsidiaries. From May 2013 to August 2021, he served as the general manager assistant and deputy general manager of Conch Cement; from May 2019, he served as the executive director of Conch Cement, and from September 2021 to August 2025, he served as the general manager of Conch Cement. From October 2022 to April 2026, he served as non-executive director and chairman of the board of directors of Conch Environmental Protection.

He is currently a member of the Party Committee and Deputy General Manager of Conch Group, Executive Director and Secretary of the Party Committee of Conch Cement, Chairman of Anhui Conch Capital Management Co., Ltd. and Chairman of Anhui Conch Private Equity Fund Management Co., Ltd.

Pan Zhonghong, aged 52, graduated from Wuhan University of Technology, majoring in inorganic non-metallic materials engineering, and is a senior engineer. Mr.

Pan has extensive experience in cement manufacturing technology. He joined Conch Cement Group in 1995 and successively served as assistant general manager, deputy general manager, general manager, secretary of the Party Committee, deputy director of Guizhou region and president of Guangdong region. From April 2022 to October 2026, he served as assistant general manager and deputy general manager of Conch Cement. He joined the Group in April 2026 as the Party Secretary of Wuhu Haichuang Industrial Co., Ltd. He is currently Secretary of the Party Committee of Wuhu Haichuang Industrial Co., Ltd., Chairman of Anhui Conch New Energy Co., Ltd. and Director of Anhui Conch Capital Management Co., Ltd.