Interim report
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . CHINA Asia Cement ( China ) Holdings Corporation 亞洲 水泥 ( 中國 ) 控股 公司 ( Incorporated in the Cayman Islands with limited liability ) ( Stock Code : 743 ) ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026 The board ( the “ Board ” ) of directors ( the “ Directors ” ) of Asia Cement ( China ) Holdings Corporation ( the “ Company ” ) , together with its subsidiaries ( collectively , the " Group " ) hereby announces the unaudited condensed consolidated interim results for the six months ended 30 June 2026 together with comparative figures for the corresponding period in 2025. These interim condensed consolidated financial statements for the six months ended 30 June 2026 have not been audited , but have been reviewed by the Audit Committee of the Company . This announcement , containing the full text of the 2026 Interim Report of the Company , complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to information to accompany preliminary announcement of interim results . The Company's 2026 Interim Report for the six months ended 30 June 2026 will be despatched to the shareholders of the Company and published on the websites of Hong Kong Exchanges and Clearing Limited ( www.hkexnews.hk ) and the Company ( www.achc.com.cn ) in due course . By Order of the Board Asia Cement ( China ) Holdings Corporation HSU Shu - tong Chairman Hong Kong , 7 August 2026 As at the date of this announcement , the executive Directors are Mr. HSU Shu - ping , Mr. CHANG Chen - kuen and Mr. LIN Seng - chang ; the non - executive Directors are Mr. HSU Shu - tong ( Chairman ) , Mr. LEE Kun - yen , Mr. CHEN Ruey - long and Ms. WU Ling - ling ; the independent non - executive Directors are Mr. TSIM Tak - lung Dominic , Mr. WANG Wei , Mr. WU Chun - pang and Ms. HO LIN , Mes - hsueh .
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CONTENTS ͦ 2 Corporate Information ࣘ 5 Financial Highlights ࠅ Condensed Consolidated Financial Statements ڌ 6 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income ڌ 7 Condensed Consolidated Statement of Financial Position ڌرً 9 Condensed Consolidated Statement of Changes in Equity ڌ 10 Condensed Consolidated Statement of Cash Flows ڌ 11 Notes to the Condensed Consolidated Financial Statements ൗ 23 Management Discussion and Analysis ؓ 30 Other Information ࣘ
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Corporate Information ࣘ 2 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION BOARD OF DIRECTORS Executive Directors Mr. HSU, Shu-ping (Vice Chairman) Mr. CHANG, Chen-kuen (Chief Executive Officer) Mr. LIN, Seng-chang Non-Executive Directors Mr. HSU, Shu-tong (Chairman) Mr. CHEN, Ruey-long Mr. LEE, Kun-yen Ms. WU, Ling-ling Independent Non-Executive Directors Mr. TSIM, Tak-lung Dominic Mr. WANG, Wei Mr. WU, Chun-pang Ms. HO LIN, Mei-hsueh COMPANY SECRETARY Mr. LUI, Wing Yat Christopher AUTHORIZED REPRESENTATIVES Mr. CHANG, Chen-kuen Mr. LUI, Wing Yat Christopher MEMBERS OF AUDIT COMMITTEE Mr. TSIM, Tak-lung Dominic (Chairman) Mr. HSU, Shu-tong Mr. WU, Chun-pang MEMBERS OF REMUNERATION COMMITTEE Mr. TSIM, Tak-lung Dominic (Chairman) Mr. HSU, Shu-tong Ms. HO LIN, Mei-hsueh MEMBERS OF NOMINATION COMMITTEE Mr. HSU, Shu-tong (Chairman) Mr. TSIM, Tak-lung Dominic Mr. WANG, Wei Ms. HO LIN, Mei-hsueh MEMBERS OF INDEPENDENCE COMMITTEE Mr. TSIM, Tak-lung Dominic (Chairman) Mr. WU, Chun-pang Ms. HO LIN, Mei-hsueh MEMBERS OF CORPORATE SUSTAINABILITY COMMITTEE Mr. HSU, Shu-ping (Chairman) Ms. WU, Ling-ling Ms. HO LIN, Mei-hsueh ԫึ ੂБԫ ᐼ ͛ ੂБԫ ඤ͛ ͛ ၟɾɻ ੂБԫ ༗ᅃඤ͛ ˮਃ͛ юѩᕼ͛ ɾɻ ࣣ ѐɓ͛ ڌ ͛ ѐɓ͛ ࡰ ͛ юѩᕼ͛ ࡰ ͛ ɾɻ ࡰ ༗ᅃඤ͛ ˮਃ͛ ɾɻ ࡰ юѩᕼ͛ ɾɻ ࡰ ၟɾɻ ɾɻ
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3ɚཧɚʬϋʕಂజѓ | ʮ̡ Corporate Information ࣘ ൗ̅፬ԫஈ Cricket Square, Hutchins Drive PO Box 2681, Grand Cayman KY1-1111 Cayman Islands ᐄุήᓃ ̹ᇁ᎘ᕄ ɽ༸6 ᐄุήᓃ ಥ ზᝄ ᓿ༸103 ɢᘒᓿɽข 11ᅽBʱ ΅ཀ˒೮াஈ SMP Partners (Cayman) Limited Royal Bank House – 3rd Floor 24 Shedden Road P.O. Box 1586, Grand Cayman KY1-1110 Cayman Islands ΅ཀ˒೮াʱஈ ʮ̡ ಥ ⚃༸16 ፄʕː17ᅽ ԸვБ ணვБ ʕʈਠვБ ʕვБ ʹஷვБ ᚥਪ ה ಥ ʕᐑ ੰᆀᄿఙ1 ձɽข̬ᅽ REGISTERED OFFICE Cricket Square, Hutchins Drive PO Box 2681, Grand Cayman KY1-1111 Cayman Islands PRINCIPAL PLACE OF BUSINESS IN THE PRC No. 6 Yadong Avenue Ma-Tou Town, Ruichang City Jiangxi Province PRINCIPAL PLACE OF BUSINESS IN HONG KONG Portion of Unit B, 11th Floor Lippo Leighton Tower 103 Leighton Road Causeway Bay Hong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE SMP Partners (Cayman) Limited Royal Bank House – 3rd Floor 24 Shedden Road P.O. Box 1586, Grand Cayman KY1-1110 Cayman Islands HONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICE Tricor Investor Services Limited 17/F, Far East Finance Centre 16 Harcourt Road Hong Kong PRINCIPAL BANKERS China Construction Bank Industrial and Commercial Bank of China Bank of China Bank of Communications HONG KONG LEGAL ADVISER Zhong Lun Law Firm 4/F, Jardine House 1 Connaught Place Central Hong Kong
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4 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Corporate Information ࣘ ࢪ Б ࢪ ಥ ᙒ༸88 ˄̚ᄿఙɓಂ35ᅽ ΅˾ 743 ࠫ www.achc.com.cn ᑌഖ༉ઋ ཥ༑j(852) 2839 3705 ෂॆj(852) 2577 8040 AUDITORS Deloitte Touche Tohmatsu Registered Public Interest Entity Auditors 35/F, One Pacific Place 88 Queensway Hong Kong STOCK CODE 743 COMPANY WEBSITE www.achc.com.cn CONTACT DETAILS Phone: (852) 2839 3705 Fax: (852) 2577 8040
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Financial Highlights ࠅ 5ɚཧɚʬϋʕಂజѓ | ʮ̡ For the six months ended ࿚Ї6˜30˚˟6˜ 2026 2025 Notes RMB’000 RMB’000 ൗ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (unaudited) Revenue ϗू 2,291,662 2,496,296 Gross profit ˣл 202,852 411,240 (Loss) profit for the period ಂʫᑦฦ๐л (99,732) 116,972 (Loss) profit attributable to owners of the Company ͉ʮ̡ኹϞɛᏐЦ ᑦฦ๐л (94,271) 114,418 Gross profit margin ˣлଟ 9% 16% (Loss) earnings per share — Basic л { ਿ͉ RMB(0.060) ɛ͏࿆(0.060)ʩ RMB0.073 ɛ͏࿆0.073ʩ 30 June 2026 31 December 2025 2026/06/30 2025/12/31 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (audited) Total assets࠽19,938,937 19,801,840 Net assets࠽16,817,774 16,964,923 Current ratioਗˢଟ 1 2.56 2.76 Quick ratio ਗˢଟ 2 2.35 2.54 Gearing ratioවˢଟ 3 0.16 0.14 Notes: 1. Current ratio is calculated as current assets divided by current liabilities. 2. Quick ratio is calculated as current assets less inventories divided by current liabilities. 3. Gearing ratio is calculated as total liabilities divided by total assets. ൗj 1. ၑf 2. ၑf 3. ၑf
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Condensed Consolidated Financial Statements ڌ 6 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the six months ended 30 June 2026 Six months ended 30 June ࿚Ї6˜30˚˟6˜ 2026 2025 Notes RMB’000 RMB’000 ൗ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (unaudited) Revenue ϗू 3 2,291,662 2,496,296 Cost of sales ቖਯϓ͉ (2,088,810) (2,085,056) Gross profit ˣл 202,852 411,240 Other income Չ˼ϗɝ 5 102,055 109,090 Reversal of (allowance for) expected credit losses on trade receivables, net ൲ ฦ̰ᅡΫᅡ௪ଋᕘ 1,060 (23,585) Other expenses, other gains and losses Չ˼൬͜dՉ˼ϗूʿᑦฦ 6 (11,807) 1,694 Distribution and selling expenses ʱቖʿቖਯක˕ (195,910) (161,844) Administrative expensesක˕ (141,223) (143,785) Share of losses of joint ventures ᏐЦΥᐄΆุᑦฦ (4,746) (2,502) Share of losses of associates ᏐЦᑌᐄʮ̡ᑦฦ (4,471) (2,231) Finance costs ፄ༟ϓ͉ (21,209) (18,162) (Loss) profit before taxᑦฦ๐л (73,399) 169,915 Income tax expenseක˕ 7 (26,333) (52,943) (Loss) profit for the period ಂʫᑦฦ๐л 8 (99,732) 116,972 Other comprehensive expense Չ˼ၝΥ൬͜ Item that may be reclassified subsequently to profit or loss: ฦू ධͦj Exchange differences arising on translation of foreign operations ිг ᕘ (411) – (Loss) profit and total comprehensive expense for the period лʿՉ˼ၝ Υ൬͜ (100,143) 116,972 (Loss) profit for the period attributable to:j Owners of the Company ͉ʮ̡ኹϞɛ (94,271) 114,418 Non-controlling interestsᛆू (5,461) 2,554 (99,732) 116,972 Total comprehensive expense attributable to: j Owners of the Company ͉ʮ̡ኹϞɛ (411) – Non-controlling interestsᛆू – – (411) – (Loss) profit and total comprehensive expense attributable to: ಂʫ(лձՉ˼ j Owners of the Company ͉ʮ̡ኹϞɛ (94,682) 114,418 Non-controlling interestsᛆू (5,461) 2,554 (100,143) 116,972 RMB RMB ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (Loss) earnings per share:лj 10 Basic ਿ͉ (0.060) 0.073 ڌ ࿚Ї2026ϋ6˜30˚˟6˜
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7ɚཧɚʬϋʕಂజѓ | ʮ̡ Condensed Consolidated Financial Statements ڌ ڌرً 2026ϋ6˜30˚ CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION At 30 June 2026 As at 30 June 2026 As at 31 December 2025 2026/06/30 2025/12/31 Notes RMB’000 RMB’000 ൗ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (audited) NON-CURRENT ASSETSਗ༟ପ Property, plant and equipmentุeዚኜʿண௪ 11 5,943,333 5,756,833 Quarry ᘤఙ 12 1,107,764 716,651 Right-of-use assets Դ͜ᛆ༟ପ 695,153 696,403 Investment propertiesʔਗପ 110,564 113,616 Goodwill ਠᚑ 554,241 554,241 Intangible assets ೌҖ༟ପ 2,024 2,448 Interests in joint venturesΥᐄΆุʘᛆू 82,058 69,104 Interests in associatesᑌᐄʮ̡ʘᛆू 685,903 690,373 Restricted bank depositsՓვБπಛ 29,917 27,917 Bank deposits with original maturities of more than three months ˜ʘ ಂπಛ 4,293,000 4,211,000 Deferred tax assetsධ༟ପ 147,707 144,002 13,651,664 12,982,588 CURRENT ASSETSਗ༟ପ Inventories π 13 518,755 550,638 Trade and other receivablesʿՉ˼Ꮠϗಛධ 14 889,219 1,126,764 Financial assets at fair value through profit or loss (“FVTPL”) ፅඎʘ ፄ༟ପ 52,210 81,172 Tax Recoverable ̙ϗΫಛ 9,055 617 Amounts due from joint ventures ᏐϗΥᐄΆุಛධ 25,598 15,859 Amounts due from a related company Ꮠϗᗫஹʮ̡ಛධ 44,154 – Amount due from the ultimate holding companyʮ̡ಛධ 17,098 14,572 Restricted bank depositsՓვБπಛ 212,737 286,231 Bank deposits with original maturities of more than three months ˜ʘ ಂπಛ 3,432,192 3,787,769 Cash and cash equivalentsي1,086,255 955,630 6,287,273 6,819,252 CURRENT LIABILITIESව Trade and other payablesʿՉ˼Ꮠ˹ಛධ 15 836,480 809,689 Amount due to a joint venture Ꮠ˹ΥᐄΆุಛධ 12,904 13,093 Amount due to a related company Ꮠ˹ᗫஹʮ̡ಛ 71,811 3,266 Tax payables Ꮠ˹ධ 16,321 31,967 Borrowings – due within one year൲ { ɓϋʫՑಂ 1,409,715 1,452,117 Lease Liabilitiesව 7,769 5,334 Contract Liabilitiesව 16 98,169 150,452 Deferred incomeϗू 4,997 4,997 2,458,166 2,470,915 NET CURRENT ASSETS࠽3,829,107 4,348,337 TOTAL ASSETS LESS CURRENT LIABILITIES ಯ ව 17,480,771 17,330,925
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8 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Condensed Consolidated Financial Statements ڌ As at 30 June 2026 As at 31 December 2025 2026/06/30 2025/12/31 Notes RMB’000 RMB’000 ൗ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (audited) NON-CURRENT LIABILITIESව Long-term payablesಂᏐ˹ಛ 223,613 – Borrowings – due after one year൲ { Ցಂ 49,000 – Lease Liabilitiesව 94,926 83,444 Provision for environmental restorationూᅡ௪ 76,570 74,648 Deferred incomeϗू 56,630 52,128 Deferred tax liabilitiesව 162,258 155,782 662,997 366,002 NET ASSETS࠽16,817,714 16,964,923 CAPITAL AND RESERVES ༟͉ʿᎷ௪ Share capital͉ 17 140,390 140,390 Reserves Ꮇ௪ 16,318,566 16,460,254 Equity attributable to owners of the Company ͉ʮ̡ኹϞɛ ᏐЦᛆू 16,458,956 16,600,644 Non-controlling interestsᛆू 358,818 364,279 TOTAL EQUITY ᛆूᐼᕘ 16,817,774 16,964,923
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9ɚཧɚʬϋʕಂజѓ | ʮ̡ Condensed Consolidated Financial Statements ڌ CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the six months ended 30 June 2026 Attributable to owners of the Company ͉ʮ̡ኹϞɛᏐЦ Share capital Statutory reserves Other reserves Revaluation reserve Special reserve Translation reserve Retained reserves Sub-total Attributable to non- controlling interests Total ПᎷ௪ तйᎷ௪ ිгᎷ௪ ࠇ RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ At 1 January 2025 (audited) 2025/01/01 140,390 4,718,044 286,038 155,741 1,635,906 – 9,578,809 16,514,928 365,067 16,879,995 Profit for the period ಂʫ๐л –––––– 114,418 114,418 2,554 116,972 Appropriation ᅡಛ – 90,92 6–––– (90,926) – – – Dividends recognised as distributionࢹٰ–––––––––– Dividends paid to non-controlling interestsࢹٰ–––––––––– At 30 June 2025 (unaudited)2025/06/30 140,390 4,808,970 286,038 155,741 1,635,906 – 9,602,301 16,629,346 367,621 16,996,967 At 1 January 2026 (audited) 2026/01/01 140,390 4,733,081 286,038 155,741 1,635,906 (8) 9,649,496 16,600,644 364,279 16,964,923 Loss for the period ಂʫᑦฦ –––––– (94,271) (94,271) (5,461) (99,732) Exchange differences arising on translation of foreign operations ٙ ᕘ ––––– (411) – (411) – (411) Loss and total comprehensive expense for the period ಂʫᑦฦʿՉ˼ၝΥ ൬͜ᐼᕘ ––––– (411) (94,271) (94,682) (5,461) (100,143) Appropriation ᅡಛ – 42,45 1–––– (42,451) – – – Dividends recognised as distributionࢹٰ47,006) (47,006) – (47,006) Dividends paid to non-controlling interestsࢹٰ–––––––––– At 30 June 2026 (unaudited)2026/06/30 140,390 4,775,532 286,038 155,741 1,635,906 (419) 9,465,768 16,458,956 358,818 16,817,774 ڌ ࿚Ї2026ϋ6˜30˚˟6˜
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10 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Condensed Consolidated Financial Statements ڌ ڌ ࿚Ї2026ϋ6˜30˚˟6˜ CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS For the six months ended 30 June 2026 Six months ended 30 June ࿚Ї6˜30˚˟6˜ 2026 2025 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (unaudited) Net cash from operating activitiesଋᕘ 143,841 319,885 Net cash from (used in) investing activities ͜ ଋᕘ 618 (29,523) Net cash used in financing activitiesଋᕘ (12,699) (20,764) Net increase in cash and cash equivalents ي ᄣ̋ଋᕘ 131,760 269,598 Cash and cash equivalents at beginning of the period ʿ ي955,630 1,294,559 Effect of foreign exchange rate changes ᅂᚤ (1,135) – Cash and cash equivalents at end of the period ي 1,086,255 1,564,157
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11ɚཧɚʬϋʕಂజѓ | ʮ̡ Condensed Consolidated Financial Statements ڌ NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the six months ended 30 June 2026 1. Basis of Preparation The condensed consolidated financial statements have been prepared in accordance with International Accounting Standard 34 (“IAS 34”) “Interim Financial Reporting” issued by the International Accounting Standards Board as well as the applicable disclosure requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. 2. Principal Accounting Policies The condensed consolidated financial statements have been prepared on the historical cost basis except for certain properties and financial instruments, which are measured at fair values, as appropriate. Except as described below, the accounting policies and methods of computation used in the condensed consolidated financial statements for the six months ended 30 June 2026 are the same as those followed in the preparation of the Group’s annual consolidated financial statements for the year ended 31 December 2025. In the current interim period, the Group has applied the following amendments to an IFRS Accounting Standard issued by the International Accounting Standards Board (“IASB”), for the first time, which are mandatorily effective for the Group’s annual period beginning on 1 January 2026 for the preparation of the Group’s condensed consolidated financial statements: Amendments to IFRS 9 and IFRS 7 Amendments to the Classification and Measurement of Financial Instruments Amendments to IFRS 9 and IFRS 7 Contracts Referencing Nature- dependent Electricity Amendments to IFRS Accounting Standards Annual Improvements to IFRS Accounting Standards – Volume 11 The application of the amendments to an IFRS Accounting Standard in the current interim period has had no material impact on the Group’s financial positions and performance for the current and prior periods and/or on the disclosures set out in these condensed consolidated financial statements. ൗ ࿚Ї2026ϋ6˜30˚˟6˜ 1. ᇜႡਿ ୋ 34 ୋ 34ʕಂৌਕజ ʮ̡ᗇՎɪ ᇜႡf 2. ഄ ኽዝ̦ϓ͉ਿ ࠇ࠽ ඎf ̮d࿚Ї 2026ϋ6˜30˚˟6 Դ͜ʘึ ၾᇜႡ͉ණྠ࿚Ї 2025ϋ12˜31ʘΌϋၝΥৌ Νf ၝΥ ۆ ึбʘ dІ 2026ϋ1˜1j ୋ 9ʿყৌਕజѓ ୋ7͉ ፄʈՈʱᗳʿ ࠈࡌ ୋ 9ʿყৌਕజѓ ୋ7͉ Ա፠І್ૢʘ ߒ ึ ͉ ყৌਕజѓ ϋ ҷආÑୋ11 ̅ ʘ ಂගʘৌ ၝΥৌਕ ɽᅂᚤf
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12 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Condensed Consolidated Financial Statements ڌ 3. ϗू νɨj 3. Revenue An analysis of the Group’s revenue for the period is as follows: Six months ended 30 June ࿚Ї6˜30˚˟6˜ 2026 2025 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (unaudited) Sales of cement products and related products ʿ ۜ2,242,322 2,438,060 Sales of concrete ቖਯ૿ኑɺ 49,340 58,236 2,291,662 2,496,296 4. Segment Information The following is an analysis of the Group’s revenue and results by reportable and operating segments for the period under review: Six months ended 30 June 2026 (unaudited) Cement business Concrete business Total Elimination Consolidated ቖ ၝΥ RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ Revenue ϗू External sales ࿁̮ቖਯ 2,242,322 49,340 2,291,662 – 2,291,662 Inter-segment sales ʱගቖਯ 10,680 − 10,680 (10,680) – Totalࠇ2,253,002 49,340 2,302,342 (10,680) 2,291,662 Segment result ʱุᐶ (36,668) (13,864) (50,532) – (50,532) Unallocated income ͊ʱৣϗɝ 36,137 Central administration costs, Directors’ salaries and other unallocated expense ϓ͉e ʿՉ˼ ͊ʱৣක˕ (28,578) Share of losses of joint ventures ᏐЦΥᐄ Άุᑦฦ (4,746) Share of losses of associates ᏐЦᑌᐄʮ̡ᑦฦ (4,471) Finance costs ፄ༟ϓ͉ (21,209) Loss before taxᑦฦ (73,399) 4. ࣘ яజʿᐄʱྌ νɨj ࿚Ї2026ϋ6˜30˚˟6˜͊ᄲ
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13ɚཧɚʬϋʕಂజѓ | ʮ̡ Condensed Consolidated Financial Statements ڌ 4. ᚃ ࿚Ї 2025ϋ6˜30˚˟ 6˜͊ᄲ 4. Segment Information (continued) Six months ended 30 June 2025 (unaudited) Cement business Concrete business Total Elimination Consolidated ቖ ၝΥ RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ Revenue ϗू External sales ࿁̮ቖਯ 2,438,060 58,236 2,496,296 – 2,496,296 Inter-segment sales ʱගቖਯ 13,589 1,662 15,251 (15,251) – Totalࠇ2,451,649 59,898 2,511,547 (15,251) 2,496,296 Segment result ʱุᐶ 221,884 (17,089) 204,795 – 204,795 Unallocated income ͊ʱৣϗɝ 11,525 Central administration costs, Directors’ salaries and other unallocated expense ϓ͉e ʿՉ˼ ͊ʱৣක˕ (23,510) Share of losses of joint ventures ᏐЦΥᐄ Άุᑦฦ (2,502) Share of losses of associates ᏐЦᑌᐄʮ̡ᑦฦ (2,231) Finance costs ፄ༟ϓ͉ (18,162) Profit before tax๐л 169,915 Segment result represents the profit earned (loss incurred) by each segment without allocation of central administration costs, directors’ salaries, share of results of joint ventures and associate, investment income and financial costs. This is the measure reported to the chief operating decision maker for the purpose of resource allocation and performance assessment. Inter-segment sales were charged at market price or where no market price was available at cost plus a percentage mark-up. ߧםה ϓ͉eԫ eᏐЦΥᐄΆุʿᑌᐄʮุ̡ᐶe ҳ༟ϗɝʿፄ༟ϓ͉ʘʱৣfϤɗΣ˴ ତ൙ПЪ ඎ˙όf ϓ͉ ̋ᅺᄆ̋ϓଟϗ՟f
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14 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Condensed Consolidated Financial Statements ڌ 5. Other Income Six months ended 30 June ࿚Ї6˜30˚˟6˜ 2026 2025 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (unaudited) Interest income on bank depositsϗɝ 76,123 85,369 Solid waste treatment services ਕ 15,442 12,321 Sales of scrap and raw materials ࣘ3,328 3,195 Government grants incomeпj — related to income { ᗫ 940 962 — related to assets { ᗫ 2,498 2,038 Rental income ϗɝ 2,602 2,726 Transportation fee income ༶፩ϗɝ 1,122 2,479 102,055 109,090 6. Other Expenses, Other Gains and Losses Six months ended 30 June ࿚Ї6˜30˚˟6˜ 2026 2025 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (unaudited) Donation to charityᗍ (15,027) – Exchange (loss) gain net࠽5,426) 895 Loss on disposal of property, plant and equipment ุeዚኜʿ ண௪ᑦฦ (3,602) (10,460) Losses on disposal of investment properties ʔਗପᑦฦ (798) – Gain on fair value change on financial assets measured at FVTPL ፅඎʘ ᜊਗϗू 13,046 11,259 (11,807) 1,694 5. Չ˼ϗɝ 6. Չ˼൬͜dՉ˼ϗूʿᑦฦ
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15ɚཧɚʬϋʕಂజѓ | ʮ̡ Condensed Consolidated Financial Statements ڌ 7. ක˕7. Income Tax Expense Six months ended 30 June ࿚Ї6˜30˚˟6˜ 2026 2025 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (unaudited) Current tax: уಂධj — PRC Enterprise Income Tax (“EIT”) { 21,503 58,654 Underprovision (overprovision) in prior years ᅡ௪ʔԑ ൴ᕘᅡ௪ 2,059 (2,222) Deferred taxධ 2,771 (3,489) 26,333 52,943 For the six months ended 30 June 2026 and 2025, the relevant tax rates for the Group’s subsidiaries in the PRC ranged from 15% to 25% and 15% to 25%, respectively. No provision for Hong Kong Profits Tax and Singapore Income Tax has been made in the condensed consolidated statement of comprehensive income as the Group had no assessable profit arising in these jurisdictions for the six months ended 30 June 2026 and 2025. The Company is not subject to income tax in the Cayman Islands or any other jurisdiction. 8. Profit for the Period Six months ended 30 June ࿚Ї6˜30˚˟6˜ 2026 2025 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (unaudited) Profit for the period has been arrived at after charging: ಂʫ๐лɗϔৰ ɨΐධͦj Depreciation and amortisation ұᔚʿᛅቖ 297,350 343,857 ࿚Ї 2026 ϋʿ 2025 ϋ6 ˜30 ˚˟ 6ࡈ ᗫଟʱ йʧ˷15%Ї25%ʿ15%Ї25%f ࿚Ї2026ϋʿ2025ϋ6˜ 30˚˟6ಥʿอ̋սϤՇ ಥлʿอ Ъ̈ᅡ௪f ОՉ˼̡ f 8. ಂʫ๐л
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16 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Condensed Consolidated Financial Statements ڌ 9. Dividends A final dividend of RMB3 cents per share for the year ended 31 December 2025, amounting to RMB47,006,000, was not paid during the six months ended 30 June 2026. The Board does not recommend the payment of an interim dividend for the six months ended 30 June 2026 (Interim dividend for the six months ended 30 June 2025: RMB nil). 10. (Loss) Earnings Per Share The calculation of the basic and diluted (loss) earnings per share attributable to the owners of the Company is based on the following data: Six months ended 30 June ࿚Ї6˜30˚˟6˜ 2026 2025 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (unaudited) (Loss) earningsл For the purposes of basic (loss) earnings per share ((Loss) profit for the period attributable to owners of the Company) л ͉ʮ̡ኹϞɛ л (94,271) 114,418 ’000 ’000 ٰٰ Number of sharesᅰ Weighted average number of ordinary shares for the purpose of basic (loss) earnings per share лʘ ̋ᛆ ᅰ 1,566,851 1,566,851 9. ࢹٰ ࿚Ї2026ϋ6˜30˚˟6͊ ˕˹࿚Ї 2025 ϋ12 ˜31ʘ ɛ͏࿆ 3ʱΥɛ͏࿆ 47,006,000ʩf ೯࿚Ї2026ϋ6˜30 ˚˟ 6࿚Ї 2025ϋ6 ˜30˚˟6jɛ͏࿆ཧ ʩf 10. л ਿ͉ʿᛅᑛᑦ ၑj
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17ɚཧɚʬϋʕಂజѓ | ʮ̡ Condensed Consolidated Financial Statements ڌ 11. ุeዚኜʿண௪11. Property, Plant and Equipment Carrying value ࠽ࠦ RMB’000 ɛ͏࿆ɷʩ At 1 January 2025 (audited)2025/01/01 5,791,017 Additions ໄ 201,374 Depreciation for the period ಂʫұᔚ (296,407) Transfer to intangible assetsᕘ (208) Disposals ̈ਯ (15,221) At 30 June 2025 (unaudited)2025/06/30 5,680,555 At 1 January 2026 (audited)2026/01/01 5,756,833 Additions ໄ 412,835 Depreciation for the period ಂʫұᔚ (234,173) Transfer to intangible assetsᕘ (34,362) Transfer from inventoryᕘ 80,430 Disposals ̈ਯ (38,230) At 30 June 2026 (unaudited)2026/06/30 5,943,333 12. Quarry Carrying value ࠽ࠦ RMB’000 ɛ͏࿆ɷʩ At 1 January 2025 (audited)2025/01/01 764,349 Additions ໄ – Amortisation during the period ಂʫᛅቖ (29,029) Disposal ஈໄ – At 30 June 2025 (unaudited)2025/06/30 735,320 At 1 January 2026 (audited)2026/01/01 716,651 Additions ໄ 435,822 Amortisation during the period ಂʫᛅቖ (44,709) Disposal ஈໄ – At 30 June 2026 (unaudited)2026/06/30 1,107,764 12. ᘤఙ
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18 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Condensed Consolidated Financial Statements ڌ 13. π13. Inventories 30 June 2026 31 December 2025 2026/06/30 2025/12/31 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (audited) Spare parts and ancillary materialsࣘ78,585 90,597 Raw materialsࣘ199,328 245,926 Work in progressۜ89,445 85,003 Finished goodsۜ151,397 129,112 518,755 550,638 14. Trade and Other Receivables 30 June 2026 31 December 2025 2026/06/30 2025/12/31 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (audited) Trade receivablesᏐϗಛධ 352,473 427,968 Less: Allowance for credit losses൲ฦ̰ᅡ௪ (101,030) (97,352) 251,443 330,616 Bills receivable Ꮠϗୃኽ 419,365 424,636 670,808 755,252 Other receivables Չ˼Ꮠϗಛධ 218,411 371,512 889,219 1,126,764 The Group has a policy of allowing a credit period from 30 to 180 days for cement customers and 180 to 365 days for concrete customers whereas longer credit term are occasionally allowed to certain selected customers with good credit histories. 14. ʿՉ˼Ꮠϗಛධ ˒ 30Ї 180˒180Ї365൲ ܄֛ ൲ಂf
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19ɚཧɚʬϋʕಂజѓ | ʮ̡ Condensed Consolidated Financial Statements ڌ 14. Trade and Other Receivables (continued) The following is an aged analysis of trade receivables net of allowance for doubtful debts presented based on the invoice date at the end of the reporting period: 30 June 2026 31 December 2025 2026/06/30 2025/12/31 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (audited) 0 – 90 days 0Ї90˚ 136,935 171,589 91 – 180 days 91Ї180˚ 36,154 43,367 181 – 365 days 181Ї365˚ 42,672 59,469 Over 365 days 365˚˸ɪ 35,682 56,191 251,443 330,616 The Group applies the simplified approach to providing for expected credit losses prescribed by IFRS 9, which permits the use of lifetime expected loss provision for all trade receivables. The expected credit losses on trade receivables are estimated by reference to past default experience of the debtor and an analysis of the debtor’s current financial position, adjusted for general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast direction of economic conditions at the reporting date. 14. ʿՉ˼Ꮠϗಛධᚃ Ꮠϗಛධʊϔৰьሪᅡ௪ ೯ୃ˚ಂяΐʘ j ୋ 9ڦ ฦ̰f ˒ཀ̘༼ eପุઋ ૐf
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20 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Condensed Consolidated Financial Statements ڌ 15. Trade and Other Payables 30 June 2026 31 December 2025 2026/06/30 2025/12/31 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (audited) Trade and bills payablesг ිୃ 186,704 241,839 Other payables and accruals൬͜ 649,776 567,850 836,480 809,689 Analysed for reporting purposes as:νɨj Non-current liabilitiesව – – Current liabilitiesව 836,480 809,689 836,480 809,689 The following is an aged analysis of trade and bills payables presented based on the invoice date at the end of the reporting period: 30 June 2026 31 December 2025 2026/06/30 2025/12/31 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (audited) 0 – 90 days 0Ї90˚ 177,482 176,060 91 – 180 days 91Ї180˚ 6,972 64,156 181 – 365 days 181Ї365˚ 617 1,233 Over 365 days 365˚˸ɪ 1,633 390 186,704 241,839 Trade payables principally comprise amounts outstanding for trade purchases. The average credit period for trade purchases is 30 to 90 days. 15. ʿՉ˼Ꮠ˹ಛධ гි ೯ୃ˚ಂяΐ j મᒅʘ͊˕ މ30 Ї90˚f
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21ɚཧɚʬϋʕಂజѓ | ʮ̡ Condensed Consolidated Financial Statements ڌ 16. ව16. Contract liabilities 30 June 2026 31 December 2025 2026/06/30 2025/12/31 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (audited) Receipt in advance for sales of cement and related products ۜ ϗኽ 97,679 150,193 Receipt in advance for sales of concreteϗኽ 490 259 98,169 150,452 17. Share Capital Issued share capital as at 30 June 2026 amounted to RMB140,390,000. There were no movements in the issued share capital of the Company for the six months ended 30 June 2026. 18. Capital Commitments 30 June 2026 31 December 2025 2026/06/30 2025/12/31 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (audited) Capital expenditure contracted for but not provided in the consolidated financial statements ڌ Ъ̈ᅡ௪ʘ༟͉ක˕ – Acquisition of property, plant and equipment ʿண௪ 435,611 474,248 – Investment in a PRC entity ʕΆุ 41,300 59,000 476,911 533,248 17. ͉ 2026ϋ6˜30ɛ͏ ࿆140,390,000͉ ࿚Ї2026ϋ6˜30˚˟6˜Ԩೌᜊ ਗf 18. ዄ
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22 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Condensed Consolidated Financial Statements ڌ 19. Related Party Transactions Six months ended 30 June ࿚Ї6˜30˚˟6˜ 2026 2025 ɚཧɚʬϋ ɚཧɚʞϋ RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ Joint ventures ΥᐄΆุj Jiangxi Ruiya ϪГԭ – Sales of goodsۜ24,547 22,764 Wuhan Asia ԭ – Transportation expenses Ñ༶䜲ක˕ 43,974 40,372 Associate: ᑌᐄʮ̡j Yuan Ding Ⴣཻ – Rental expensesක˕ 511 511 The ultimate holding company:ʮ̡j Asia Cement Corporation إ Sales of goodsۜ109,827 – A shareholder of the Company:ʮ̡j Asia Cement (Singapore) Private Limited อ̋սӷɛ ʮ̡ – Purchase of goodsۜ104,418 – Other Related party: Չ˼ᗫஹʮ̡j Alliance Alliance – Sales of goodsۜ120,341 – 19.
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Management Discussion and Analysis ؓ 23ɚཧɚʬϋʕಂజѓ | ʮ̡ BUSINESS AND FINANCIAL REVIEW In the first half of 2026, the domestic economy continued its rebound and maintained a positive trend. However, the problem of insufficient effective demand still persisted, The gross domestic product (“GDP”) grew by 4.7% year on year, while GDP for the first quarter increased by 5.0% year-on-year, and GDP for the second quarter rose by 4.3% year-on-year and increased by 0.9% when compared with the first quarter. The overall economy was performing within a reasonable range. The cement industry was in a phase of demand bottoming out and deep supply-side adjustment. In the first half of the year, infrastructure investment decreased by 2.4% year-on-year, manufacturing investment decreased by 1.2%, real estate development investment decreased by 18.0%. The industry was under pressure on both supply and demand sides. In the first year of the year, the national cement production volume amounted to approximately 736 million tonnes, representing a decrease of 8% year-on-year. The average price of P.O42.5 bulk cement reached RMB334 per tonne, representing a decrease of 14% year-on-year. The market moved through three phases: a volatile but mild downward trend from January to March, a rapid decline in April and May, and a modest stabilization at low levels in June. The Group has strategically positioned its core operations in two key regions – the central and downstream region of the Yangtze River and Sichuan. The review of the cement markets for the first half of the year is as follows: strong supply, weak demand, with prices in general declining, while price increase at the end of the quarter having a limited effect; price movements were largely consistent across the board – declining in January and February of the first quarter, slightly recovering in March and fluctuating at low levels in the second quarter. A. The central and downstream region of the Yangtze River: in the first quarter, resumption of work was sluggish after the festive holiday. Prices in January and February rapidly declined, and after prices edged down to near the cost level in March, enterprises in the Yangtze River Delta region raised prices by RMB10–20 per tonne in mid-to-late March to ease operational pressure. However, owing to weak demand and the approach of the rainy season, prices came under pressure and retreated quickly. In the second quarter, demand fell short of expectations, and coupled with the impact of the plum rain season, prices fluctuated at low levels. At the end of the quarter, enterprises across all regions took proactive measures in response: there was active promotion of coordination in Jiangxi; although prices did not increase, they stabilized near the bottom, and the regional market stabilised after a period of volatility. In Hubei, under the auspices of staggered peak production and commencement of infrastructure construction, prices were pushed up, but the recovery was tempered by weak demand. ุਕʿৌਕΫᚥ 2026ᚃΫʺΣλ࿒ ̈d GDPΝˢᄣ ڗ4.7%ڗ5.0%d ڗ4.3%ڗ0.9%d ίΥଣਜගf ሜච ࠥ2.4%dႡ ࠥ1.2%ࠥ 18.0%إ ߒ7.36ࠥ8%iP.O42.5 ѩᄆ334ʩŊኚdΝˢɨൻ 14%fБઋ စආj1-3˜ቤጺᇠൻd4-5˜̋ɨ Бd6˜ЭЗʃషΆᖢf Ϫʕɨದၾ̬ʇՇɽਜਹdɪ ɨБd ֙ ܓ1-2˜ɨБe 3ЭЗቤ ጺf Ae ۱ ፰ᇠd 1-2ҞɨБd 3ࣸ ɧԉഃή ᇠ༆ᐄᏀɢdપပ 10-20ʩŊ ᏀҞ ڠ ͋ਜ˴ ࣸ ֵࣸ ࢤ dᄆ ʃషΫʺf
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24 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Management Discussion and Analysis ؓ ุਕʿৌਕΫᚥᚃ Be ࡌࣸ ᚃ Ꮠෂኬd ධͦ ᚃూʈd੭ਗცӋҷഛd 5˜઼ਗూ i 6ცӋ ሜഄଫdቩո̹ ఙ΅ᕘf ਕdଉ ˒Υ Ъdਗ࿒ሜቖਯഄଫdΝӉપආ༶፩Ꮄʷၾ ̰ଟЭЗ༶Бd ڭ ༰ ੶f BUSINESS AND FINANCIAL REVIEW (CONTINUED) B. Sichuan region: With staggered peak production providing downside support, price recovery continued to gain traction. In the first quarter, low-priced supplies from surrounding areas continued to flow into the local market, but the spillover effect of staggered peak production curbs drove market prices to broadly bottom out. In the second quarter, the gradual resumption of infrastructure projects drove demand improvement. Price recovery was initiated in May, and began to show results. In June, as demand softened due to the rainy season, some local markets flexibly adjusted their strategies to consolidate their market share. At the operational level, the Group focused on core markets and customer service, strengthening end-user distribution channels, and concentrated on key ready-mix concrete plants and cooperation with engineering clients. By dynamically adjusting sales strategies, the Group simultaneously promoted transportation optimization, cost reduction and efficiency improvement. During the first half of the year, with the churn rate of core clients remaining low and the proportion of supply to key projects steadily rising, the Group maintained a stable core market share, effectively countering the decline in industry demand and demonstrating strong operational resilience.
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25ɚཧɚʬϋʕಂజѓ | ʮ̡ Management Discussion and Analysis ؓ ุਕʿৌਕΫᚥᚃ ϗू j BUSINESS AND FINANCIAL REVIEW (CONTINUED) Revenue The table below shows the sales breakdown by region during the reporting period: For the six months ended ࿚Ї6˜30˚˟6˜ 2026 2025 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (unaudited) Region ήਜ Southeastern regionਜ 1,120,974 1,406,488 Central region ശʕਜ 353,624 368,955 Southwestern regionਜ 680,323 720,853 Other region Չ˼ਜ 136,741 – 2,291,662 2,496,296 In the reporting period, the Group’s revenue amounted to RMB2,291,662,000, representing a decrease of RMB204,634,000 or 8% from that of RMB2,496,296,000 for the corresponding period of 2025. The decrease in revenue was mainly attributable to decrease in the sales volume and selling price of the Group’s products. In respect of revenue contribution for the six months ended 30 June 2026, sales of cement and related products accounted for 98% (2025: 98%) and the sales of ready-mix concrete accounted for 2% (2025: 2%). The table below shows the sales breakdown by product during the reporting period: For the six months ended ࿚Ї6˜30˚˟6˜ 2026 2025 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (unaudited) Cementإ1,820,573 2,154,945 Clinkerࣘ109,827 57,793 Blast-furnace slag powder ৷ᘟᘟಮ४ 21,058 23,037 RMC૿ኑɺ 49,340 58,236 Others Չ˼ 290,864 202,285 2,291,662 2,496,296 ɛ͏࿆ 2,291,662,000 ʩd༰ 2025 ϋΝಂɛ͏࿆ 2,496,296,000ʩಯˇɛ͏࿆204,634,000א 8%ቖඎʿਯ f ࿚Ї 2026 ϋ6 ˜30 ˚˟ 6˜ʘϗू্ᘠ˙ ቖਯᕘЦ 98%2025ϋj 98%Ц 2%2025 ϋj2%ྌʱʘቖ j
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26 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Management Discussion and Analysis ؓ ุਕʿৌਕΫᚥᚃ ቖਯϓ͉ʿˣл ࣘ ᑚཇʿ၅лeұ Ϋᚥಂʫd ɛ͏࿆ 2,088,810,000ʩ 2025ϋjɛ͏࿆ 2,085,056,000ʩfቖਯϓ ϓ͉ᄣ̋ʿ͉ಂอᄣྤ̮ ุਕቖਯϓ͉f ࿚Ї2026ϋ6˜30˚˟6ɛ͏࿆ 202,852,000ʩ2025ϋjɛ͏࿆ 411,240,000 ϗूʘ 9%2025ϋj16%f ਯᄆಯˇʿ ϓ͉ᄣ̋f Չ˼ϗɝ ϗɝeոᄻஈ ږ ࿚Ї 2026ϋ6˜30˚˟6 ɛ͏࿆ 102,055,000ʩd༰ 2025ϋΝಂɛ͏࿆ 109,090,000ʩಯˇɛ͏࿆ 7,035,000א6%ვБ ϗɝಯˇf Չ˼൬͜dՉ˼ϗूʿᑦฦ ිгϗ ፅඎʘ ุeዚ Ϋᚥಂගʫd ଋᑦฦɛ͏ ࿆11,807,000ʩd2025ϋΝಂଋϗूɛ͏࿆ 1,694,000ᗍᄣ̋f ක˕ʿፄ༟ϓ͉ ࿚Ї2026ϋ6˜30˚˟6˜dʱቖʿቖਯක ɛ͏࿆ 195,910,000ʩd༰2025ϋΝಂʘ ɛ͏࿆ 161,844,000ʩᄣ̋ɛ͏࿆ 34,066,000 א21%༶൬ᄣ̋f ɛ͏࿆ 141,223,000 ʩd༰ 2025 ϋΝಂʘɛ͏࿆ 143,785,000 ʩಯˇɛ͏࿆ 2,562,000א2%ה f ɛ͏࿆ 21,209,000 ʩd༰ 2025 ϋΝಂʘɛ͏࿆ 18,162,000 ʩᄣ̋ɛ͏࿆ 3,047,000א17%ږ ᕘᄣ̋f BUSINESS AND FINANCIAL REVIEW (CONTINUED) Cost of Sales and Gross Profit The Group’s cost of sales primarily includes cost of raw materials, fuel expenses (consisting of coal and electricity), employee compensation and benefits, depreciation and amortization and other overhead costs. During the period under review, the Group’s cost of sales was RMB2,088,810,000 (2025: RMB2,085,056,000. The increase in cost of sales was mainly due to the increase in the coal cost and the cost of sales incurred from the newly added foreign operations during the period. The gross profit for the six months ended 30 June 2026 was RMB202,852,000 (2025: RMB411,240,000, representing a gross profit margin of 9% on revenue (2025: 16%). The decrease in gross profit was mainly attributable to decrease in the selling price of the company’s products and the increase in the coal cost when compared with that of the corresponding period of the previous year. Other Income Other income mainly comprises interest income on bank deposits, solid waste treatment services, sales of scrap and raw materials, government grants, rental income and transportation fee income. For the six months ended 30 June 2026, other income amounted to RMB102,055,000, representing a decrease of RMB7,035,000 or 6% from RMB109,090,000 for the corresponding period in 2025. The decrease in other income was attributable to the decrease in the interest income on bank deposits. Other Expenses, Other Gains and Losses Other expenses, other gains and losses mainly comprise net foreign exchange gain or loss, loss on fair value change on financial assets at FVTPL, loss and disposal of property, plant and equipment and donation to Charity. For the period under review, other expenses, other gains and losses recorded a net loss of RMB11,807,000, as compared to a net gain of RMB1,694,000 for the corresponding period in 2025. The increase was principally attributable to an increase in donation to Charity. Distribution and Selling Expenses, Administrative Expenses and Finance Costs For the six months ended 30 June 2026, the distribution and selling expenses amounted to RMB195,910,000, representing an increase of RMB34,066,000 or 21% from RMB161,844,000 for the corresponding period of 2025. This was mainly attributable to an increase in transportation fee of cement and clinker. Administrative costs amounted to RMB141,223,000, representing a decrease of RMB2,562,000 or 2% from RMB143,785,000 for the corresponding period of 2025. This was mainly attributable to a decrease in other taxes and fees. The finance costs amounted to RMB21,209,000, representing an increase of RMB3,047,000 or 17% from RMB18,162,000 for the corresponding period of 2025. Mainly due to the increase in the average bank borrowings.
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27ɚཧɚʬϋʕಂజѓ | ʮ̡ Management Discussion and Analysis ؓ ุਕʿৌਕΫᚥᚃ ಂʫᑦฦ๐л ɛ͏࿆ 99,732,000 ʩd༰ 2025 ϋΝಂ๐лɛ͏࿆ 116,972,000ʩಯˇɛ͏࿆216,704,000ʩfᑦ ਯᄆಯˇʿ ϓ͉ᄣ̋f ږ ࿚Ї2026ϋ6˜30˚˟6ᖢ 2026ϋ6˜30˚d ᐼ༟ପɛ͏࿆ 19,938,937,000ʩ2025ϋ12˜ 31˚jɛ͏࿆ 19,801,840,000ʩdϾᐼᛆू ɛ͏࿆16,817,774,000ʩ2025ϋ12˜31˚j ɛ͏࿆16,964,923,000ʩf 2026ϋ6˜30ഃ ɛ͏࿆ 1,086,255,000ʩ2025ϋ12˜ 31˚jɛ͏࿆ 955,630,000Ց ࡡ ɛ͏࿆ 7,725,192,000ʩ2025ϋ12˜31˚jɛ͏࿆ 7,998,769,000ʩf 2026ϋ6˜30މ16% 2025ϋ12˜31˚j14%ኽ࿚Ї 2026ϋ6˜30˚ʿ2025ϋ 12˜31ව ၑf ൲ 2026ϋ6˜30˚ʿ2025ϋ 12˜31νɨj BUSINESS AND FINANCIAL REVIEW (CONTINUED) (Loss) profit for the Period In the reporting period, the net loss of the Group amounted to RMB99,732,000, representing a decrease of RMB216,704,000 from a net profit of RMB116,972,000 for the corresponding period of 2025. The increase in net loss was mainly attributable to decrease in the selling price of the company’s products and the increase in the coal cost when compared with that of the corresponding period of the previous year. Financial Resources and Liquidity The Group maintained a healthy financial and liquidity position for the six months ended 30 June 2026. As at 30 June 2026, the total assets RMB19,938,937,000 (31 December 2025: RMB19,801,840,000) while the total equity RMB16,817,774,000 (31 December 2025: RMB16,964,923,000). As at 30 June 2026, the Group’s cash and cash equivalents amounted to RMB1,086,255,000 (31 December 2025: RMB955,630,000), comprising demand deposits with an original maturity of three months or less. Additionally, bank deposits with original maturities of more than three months totaled RMB7,725,192,000 (31 December 2025: RMB7,998,769,000). As at 30 June 2026, the Group’s gearing ratio was 16% (31 December 2025: 14%). The calculation of the gearing ratio was based on total liabilities and total assets as at 30 June 2026 and 31 December 2025, respectively. Borrowings The maturity profiles of the Group’s borrowings outstanding as at 30 June 2026 and 31 December 2025 are summarized as below: 30 June 2026 31 December 2025 2026/06/30 2025/12/31 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (unaudited) (audited) Within one year ɓϋʫ 1,409,715 1,452,117 Within a period more than one year but not exceeding two years ൴ཀɓϋઓ ʔ൴ཀՇϋ 49,000 – Currency denomination࿆ – RMB Ñɛ͏࿆ 1,458,715 1,452,117 Borrowings൲ – unsecured and unguaranteedڭ1,458,715 1,452,117 Interest rate лଟ – fixed-rate RMB bank borrowings൲ 1,458,715 1.68% ~ 2.00% 1,452,117 1.99% ~ 2.15%
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28 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Management Discussion and Analysis ؓ ุਕʿৌਕΫᚥᚃ ዄ ࿚Ї2026ϋ6˜30˚˟6ɛ ͏࿆368,534,000ʩ2025ϋ12˜31˚jɛ͏ ࿆702,782,000ʩf ҷிձʺॴd ݁׳ ɓӻΐක˕d j (i) ԫุପঐ (֥ ؇)i (ii) Э ɢ೯ཥeᎷঐཥ१eΈͿ ೯ཥഃi (iii) ಘ ௐeϗྡྷҷிഃi (iv) iʿ (v) Չ˼ධͦf ̮dίಂʫ͵ఱอᄣᎷඎમᘤᛆ ᘤʆอᄣᎷඎf ץת 2026ϋ6˜30ץ 2025ϋ12˜31˚jೌf ව 2026ϋ6˜30˚dԫ ව2025ϋ12˜ 31˚jೌf ɛɢ༟๕ 2026 ϋ6 ˜30 ˚d͉ණྠϞ 2,671 Τ྇ Չʕ ʮ ྌ ତʿ᜕˕˹ཇ ༾f ྌdኽϤdΥ༟ ͉ණྠʘᄣ ʘᒅ 2026ϋ6˜30ྌ ᛆf BUSINESS AND FINANCIAL REVIEW (CONTINUED) Capital Expenditure and Capital Commitments Capital expenditure for the six months ended 30 June 2026 amounted to RMB368,534,000 (31 December 2025: RMB702,782,000). The Group will invest in the transformation and upgrading of production lines and facilities to improve operational efficiency and comply with government policies, including the dual carbon goals and ultra-low emission policies. This includes a series of expenditures for: (i) Capacity replacement and expansion of non-cement business capacity (Huanggang Yadong, Jiangxi Yadong, Jiangling Yadong); (ii) Energy-saving and consumption reduction measures (reducing coal and electricity consumption in kiln lines and cement mills, wind power generation, energy storage power stations, photovoltaic power generation, etc.); (iii) Safety and environmental protection measures (desulfurization and denitration, warehouse shed enclosure, dust collection renovation, etc.); (iv) Production process improvement measures; and (v) Other projects. In addition to the above, payments for newly acquired mining rights for increased reserves (new reserves at Jiangxi Yadong and Huanggang Yadong mines) will also be required in the short term. Pledge of Assets As at 30 June 2026, the Group did not have any pledge or charge on assets (31 December 2025: Nil). Contingent Liabilities As at the date of this Interim Report and as at 30 June 2026, the Board was not aware of any material contingent liabilities (31 December 2025: Nil). Human Resources As at 30 June 2026, the Group had 2,671 employees. The Group participates in retirement insurance, medicare, unemployment insurance and housing funds according to the applicable laws and regulations of the PRC for its employees in the PRC and makes contributions to the Mandatory Provident Fund Scheme of Hong Kong for its employees in Hong Kong. The Group remunerates its employees in accordance with their work performance and experience. The remuneration packages are subject to review on a regular basis. In addition, the Group also adopted Share Option Scheme, where eligible directors and employees are entitled to various share options to subscribe for ordinary shares in the Company in accordance with their past and potential contribution to the growth of the Group. As at 30 June 2026, no share options have been granted or agreed to be granted pursuant to the Share Option Scheme.
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29ɚཧɚʬϋʕಂజѓ | ʮ̡ Management Discussion and Analysis ؓ ุਕʿৌਕΫᚥᚃ ɽϗᒅʿ̈ਯԫ ධ ࿚Ї 2026ϋ6˜30˚˟6ࠠ ̈ਯԫධf ᎈ၍ଣ జѓಂගʘቖਯᕘʿમᒅᕘɽʱ˸ f ɛ͏࿆͊Ը אࣛ ිଟɽషᜊਗfිଟ͵̙ঐաʫʿყ ᜊਗ˸ʿɛ͏࿆ԶӋᅂᚤfɛ ึ࿁͉ණྠᐄุᐶ ϓᅂᚤf ࠅ ᎈf ԫ ุᐶʮѓ̊೯˚ಂ ԫf ౻ eԶഗᎴ ܝ ҅fණྠਗ਼˸ᖢ΅ᕘeછϓ ː˙Σdᖢ ᐄุ f BUSINESS AND FINANCIAL REVIEW (CONTINUED) Material Acquisition and Disposals of Subsidiaries and Affiliated Companies The Group had no material acquisitions or disposals for the six months ended 30 June 2026. Foreign Exchange Risk Management The Group’s sales and purchases during the reporting period were mostly denominated in Renminbi (“RMB”). The RMB is not a freely convertible currency. Future exchange rates of the RMB could vary significantly from the current or historical exchange rates as a result of controls that could be imposed by the PRC government. The exchange rates may also be affected by economic developments and political changes domestically and internationally, and the demand and supply of the RMB. The appreciation or devaluation of the RMB against foreign currencies may have an impact on the operating results of the Group. The Group’s management monitors the foreign exchange exposure at any time and will consider hedging significant foreign currency exposure should the need arise. EVENTS AFTER THE REPORTING PERIOD There was no important event affecting the Group that occurred after the Reporting Period and up to the date of this report. PROSPECTS Looking ahead to the second half of 2026, the cement industry will continue to be characterized by “demand bottoming out, supply optimization and regional divergence”, with the overall market expected to follow a volatile upward trajectory, starting low and picking up later. The Group will focus on the core objectives of consolidating market share, controlling costs, enhancing efficiency, and driving transformation. It will aim to achieve gradual improvement in operating performance and realize long-term and sustainable development by maintaining steady operations, remaining flexible in adapting changes, and solidifying its core competitiveness.
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Other Information ࣘ 30 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION DISCLOSURE OF INTERESTS Directors’ and Chief Executives’ Interests and Short Positions in Shares, Underlying Shares and Debentures As at 30 June 2026, the interests and short positions of the Directors and chief executives of the Company in the shares, underlying shares and debentures of the Company or its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (“SFO”)) which (a) were required to be notified to the Company and the Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO (including interests and short positions which they were taken or deemed to have under such provisions of the SFO) or (b) were required to be entered in the register maintained by the Company pursuant to Section 352 of the SFO or (c) were required, pursuant to the Model Code for Securities Transactions by Directors of Listed Issuers (the “Model Code”) as set out in Appendix C3 to the Rules Governing the Listing of Securities on the Stock Exchange (the “Listing Rules”), to be notified to the Company and the Stock Exchange, were as follows: Long positions in shares and underlying shares of the Company Number of ordinary shares ᅰͦ % of the Company’s issued shares Personal interests Equity derivatives Total interests Name of Director͛ʈՈ ᛆूᐼᕘ Ц͉ʮ̡ ͉ ϵʱˢ Mr. HSU, Shu-tong͛ 3,000,000 – 3,000,000 0.19% Mr. HSU, Shu-pingϛ̻͛ 200,000 – 200,000 0.01% Mr. LEE, Kun-yen͛ 200,000 – 200,000 0.01% Mr. CHANG, Chen-kuen͛ 713,000 – 713,000 0.05% Mr. LIN, Seng-chang͛ 700,000 – 700,000 0.04% Ms. WU, Ling-lingၟɾɻ 50,000 – 50,000 0.003% ᚣ ΅ʿ ࡑ 2026ϋ6˜30ɛ ່ԈᗇՎʿಂ ૢԷᗇՎʿಂૢԷୋXV ΅ʿවՎʕኹϞ(a)ኽᗇՎʿಂૢԷୋ XVୋ7ʿ8ܼ ൖ אb)ኽᗇՎʿಂ ૢԷୋ352א c) C3ᅺ ʘᛆ νɨj ࡑ
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31ɚཧɚʬϋʕಂజѓ | ʮ̡ Other Information ࣘ ᚣᚃ ࡑ DISCLOSURE OF INTERESTS (CONTINUED) Long positions in shares and underlying shares of associated corporation Type of interest ۨ Name of Director Name of associated corporation Personal Through spouse Corporate Total No. of ordinary shares in the associated corporation % of shareholding in the associated corporation ɛ ீཀৣਅ ʮ̡ ྠ ᐼᅰ ྠ ᛆϵʱˢ Mr. HSU, Shu-tong ͛ Asia Cement Corporation (“Asia Cement”) ʮ̡ 23,278,334 6,352,467 – 29,630,801 0.84% Mr. HSU, Shu-ping Asia Cement 13,454,981 – – 13,454,981 0.38% إ Mr. LEE, Kun-yen Asia Cement 4,933,557 – – 4,933,557 0.14% إ Mr. CHANG, Chen-kuen Asia Cement 27,745 5,358 – 33,103 0.001% إ Mr. LIN, Seng-chang Asia Cement 16,892 476 – 17,368 0.0005% إ Ms. WU, Ling-ling Asia Cement 305,000 – – 305,000 0.01% إ Mr. WU, Chun-Pang Asia Cement – 160,086 – 160,086 0.005% إ Ms. HO LIN, Mei-hsueh Asia Cement 140 140 – 140 0.000004% إ Saved as disclosed above, as at 30 June 2026, none of the Directors and chief executives of the Company had any interests or short positions in any shares, underlying shares and debentures of the Company or any of its associated corporations (within the meaning of Part XV of the SFO) that was required to be recorded in the register maintained by the Company pursuant to Section 352 of the SFO or as otherwise notified to the Company and the Stock Exchange pursuant to the Model Code. 2026ϋ6˜30˚d฿ೌ ͉ʮ ່ԈᗇՎʿಂૢԷ ୋXV΅ʿවՎʕdኹϞ ኽᗇՎʿಂૢԷୋ 352ΐɝ͉ ึ͉ f
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32 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Other Information ࣘ ΅ᛆू 2026ϋ6˜30݁ ࡰ ͉ ኽᗇՎʿಂૢԷୋ 336πໄʘ ʘɛɻνɨj ࡑ ؇ٰࠅ SUBSTANTIAL SHAREHOLDERS’ AND OTHER PERSONS’ INTEREST IN SHARES AND UNDERLYING SHARES As at 30 June 2026 and to the best knowledge of the Directors and chief executives of the Company, persons (other than Directors or chief executives of the Company) who had an interest or short position, in the shares and underlying shares of the Company, as recorded in the register required to be kept by the Company under Section 336 of the SFO were as follows: Long Positions in Shares Substantial shareholders Name Capacity Number of Shares Approximate % of issued share capital of the Company ΅ᅰͦ Ц͉ʮ̡ʊ೯Б ϵʱˢ Asia Cement (note 1) Beneficial owner 1,061,209,202 67.73% ൗ1 ྼूኹϞɛ Interest of corporation controlled 83,652,798 5.34% ྠʘᛆू 1,144,862,000 73.07% Far Eastern New Century Corporation (note 2) Beneficial owner ྼूኹϞɛ 1,061,209,202 67.73% ൗ2 Interest of corporation controlled 83,652,798 5.34% ྠʘᛆू 1,144,862,000 73.07% Notes: 1. Asia Cement beneficially owns approximately 67.73% interest of the Company. Asia Cement Singapore holds approximately 4.07% interest in the Company, which is 100% owned by Asia Cement. Asia Cement is deemed to be interested in approximately 4.07% interest of the Company by virtue of its corporate interest in Asia Cement Singapore. Asia Engineering Enterprise Corporation holds approximately 0.20% interest in the Company, which is approximately 99.93% owned by Asia Cement. Asia Cement is deemed to be interested in approximately 0.20% interest of the Company by virtue of its corporate interest in Asia Engineering Enterprise Corporation. Further, Falcon Investments Private Limited holds approximately 1.07% interest in the Company and is owned as to 100% by U-Ming Marine Transport (Singapore) Private Limited, which is in turn owned as to 100% by U-Ming Marine Transport Corporation. U-Ming Marine Transport Corporation is owned as to 39.25% by Asia Cement. Asia Cement is deemed to be interested in approximately 1.07% interest of the Company under the SFO. 2. As at 30 June 2026, Far Eastern New Century Corporation held approximately 19.89% of the issued share capital of Asia Cement and together with certain companies which Far Eastern New Century Corporation is entitled to exercise or control the exercise of more than one-third of the voting power at their general meetings, held approximately 24.47% of the issued share capital of Asia Cement. ൗj 1. ߒ67.73% ᛆूf Asia Cement Singaporeߒ4.07%ᛆ ूdϾ Asia Cement Singaporeإ ኹϞ 100%Asia Cement SingaporeኹϞ͉ ߒ4.07%ߒ99.93% ߒ0.20%ᛆ ᛆू ߒ0.20%ᛆूfϤ̮d Falcon Investments Private LimitedϞ͉ʮ̡ ߒ1.07%ᛆूdԨ͟ U-Ming Marine Transport (Singapore) Private Limited ኹϞ 100% ᛆूd ʮ̡ኹϞ U-Ming Marine Transport (Singapore) Private Limited ʘ 100% ʮ̡ 39.25%˥ ߒ1.07%ᛆूf 2. 2026ϋ6˜30إ ߒ19.89% છՓБԴ൴ཀɧʱʘɓҳୃ ߒإ24.47% ͉f
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33ɚཧɚʬϋʕಂజѓ | ʮ̡ Other Information ࣘ ΅ᛆूᚃ 2026ϋ6˜30˚d฿ೌ ٝ ΅ʕኹ ኽᗇՎʿಂૢԷୋ 336 f ྌ ྌ 2008ϋ4˜27ᛆ 2018ϋ4˜26တf࿚Ї 2026ϋ6˜ 30ٰ ᛆf ط ࿚Ї 2026ϋ6˜30˚˟6ٜ C1Ά ૢ˖f ึ 2008ϋ4˜27 C1ึdԨՓ ܼ ᎈ၍ଣʿʫ္છ ੂБԫ ੂБԫ༗ᅃඤ͛ʿю ༗ᅃඤ͛f ึʊᄲቡ࿚Ї 2026ϋ6˜30˚˟6ࡈ ʕಂุᐶ ӋdԨʊЪ̈ ᚣf SUBSTANTIAL SHAREHOLDERS’ AND OTHER PERSONS’ INTEREST IN SHARES AND UNDERLYING SHARES (CONTINUED) Save as disclosed above, as at 30 June 2026, the Company had not been notified by any persons (other than the Directors or chief executives of the Company) also had interests or short positions on the shares or underlying shares of the Company which were recorded in the register required to be kept by the Company under Section 336 of the SFO. SHARE OPTION SCHEMES Share Option Scheme The share option scheme approved and adopted by the Company on 27 April 2008 was expired on 26 April 2018. No options have been granted under the Share Option Scheme as at 30 June 2026, or as at the date of this Interim Report. CORPORATE GOVERNANCE The Company has complied with all of the code provisions as set out in Part 2 of the Corporate Governance Code (“CG Code”) as set out in Appendix C1 to the Listing Rules during the six months ended 30 June 2026 AUDIT COMMITTEE The Company established the Audit Committee on 27 April 2008 with written terms of reference in compliance with the CG Code as set forth in Appendix C1 to the Listing Rules. The primary duties of the Audit Committee include the review of the financial reporting, risk management and internal control system of the Group. Currently, the Audit Committee comprises of Mr. Hsu, Shu-tong who is a non-executive Director and Mr. Tsim, Tak-lung Dominic and Mr. Wu, Chun-pang who are independent non-executive Directors. The Audit Committee is chaired by Mr. Tsim, Tak- lung Dominic. The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the six months ended 30 June 2026, and was of the opinion that the preparation of such interim results complied with the applicable accounting standards and requirements and that adequate disclosures have been made.
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34 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Other Information ࣘ ึ ࡰ ˴ ܙ ࡰ ੂБԫ ึ͟༗ᅃ f ึ ࡰ ึʘ˴ eɛᅰʿଡ଼ϓdʿ ʘɛɻfͦ ੂБԫ༗ᅃඤ͛eˮਃ͛ʿ f ึ ࠅ ණྠʘ ʿ൙ПʕϞщऒʿОᆑίл މ2008ϋ5˜5˚ʘਯ Շ ܵ f REMUNERATION COMMITTEE The Company has established the Remuneration Committee with written terms of reference in compliance with the CG Code. The primary duties of the Remuneration Committee include the review of Directors’ and senior management’s remuneration packages, bonuses and other compensation. Currently, the Remuneration Committee comprises of Mr. Hsu, Shu-tong who is a non-executive Director and Mr. Tsim, Tak-lung Dominic and Ms. Ho Lin, Mei-hsueh who are independent non-executive Directors. The Remuneration Committee is chaired by Mr. TSIM, Tak-lung Dominic. NOMINATION COMMITTEE The Company has established the Nomination Committee with written terms of reference in compliance with the CG Code. The primary duties of the Nomination Committee are to review the structure, size and composition of the Board, identify individuals suitably qualified to become members of the Board. Currently, the Nomination Committee comprises of Mr. Hsu, Shu-tong who is a non-executive Director, and Mr. Tsim, Tak-lung Dominic, Mr. Wang, Wei and Ms. Ho Lin, Mei-hsueh who are independent non-executive Directors. The Nomination Committee is chaired by Mr. Hsu, Shu-tong. INDEPENDENCE COMMITTEE The Company has established the Independence Committee. The primary duties of the Independence Committee include the review of transactions between the Group, Asia Cement and Far Eastern Group and assess any potential conflict of interests between them. Save as disclosed in the section headed “Relationship with Asia Cement” and “Connected Transactions” in the prospectus dated 5 May 2008 issued by the Company, no additional ongoing relationships or potential conflict of interests was identified in the period under review.
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35ɚཧɚʬϋʕಂజѓ | ʮ̡ Other Information ࣘ ึ ଡ଼ᔌ પਗʿ੶ʷʮ Άุ͑ᚃ ᗫʈЪ ԫධf ੂБ ɾɻଡ଼ f ୋ 13.51B(1)ૢϞᗫ ᚣ ୋ 13.51B(1)ᚣf ᛙΫɪ̹ᗇՎ ࿚Ї2026ϋ6˜30˚˟6˜d͉ʮ̡ʿ ᛙΫ͉ʮ̡О f ࢹٰ ᙄఱ࿚Ї 2026ϋ6˜30˚˟6˜ ࿚Ї2025ϋ6˜30˚˟6˜jೌf CORPORATE SUSTAINABILITY COMMITTEE Resolutions adopted through member voting or discussion by the Committee shall be evaluated by applicable departments, subsidiaries or task forces for implementation, and the result shall be reported at the next meeting. The rules of procedure of the Committee included hereinabove are governed by the Company’s Articles of Association. The Corporate Sustainability Committee comprises of Mr. Hsu, Shu-ping who is an executive Director, Ms. Wu Ling-ling who is a non-executive Director and Ms. Ho Lin, Mei-hsueh who is an independent non-executive Director. The Corporate Sustainability Committee is chaired by Mr. HSU, Shu-ping. DISCLOSURE OF INFORMATION OF DIRECTORS PURSUANT TO RULE 13.51B(1) OF THE LISTING RULES There are no changes to the Director’s information as required to be disclosed pursuant to Rule 13.51B(1) of the Listing Rules. PURCHASE, SALE OR REDEMPTION OF LISTED SECURITIES During the six months ended 30 June 2026, neither the Company nor any of its subsidiaries had purchased, sold or redeemed any of the Company’s listed securities (including sale of treasury shares (as defined under the Listing Rules)). DIVIDENDS The Board does not recommend payment of any dividend for the six months ended 30 June 2026 (six months ended 30 June 2025: Nil).
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36 Interim Report 2026 | ASIA CEMENT (CHINA) HOLDINGS CORPORATION Other Information ࣘ ۆ C3ᅺς d ፭ς f ඎ e dԫᆽႩ࿚Ї 2026ϋ6˜30˚˟ 6ʘԑ ඎf ჼᑽ ᆠ eุਕྫ f ԫึն ʮ̡ ࢩ ؇ ಥdɚཧɚʬϋɞ˜ɖ˚ MODEL CODE FOR SECURITIES TRANSACTIONS The Company has adopted the Model Code as set forth in Appendix C3 to the Listing Rules as its own code of conduct for dealing in securities by the Directors of the Company. Having made specific enquiry with all Directors, all the Directors confirmed that they have complied with the Model Code throughout the period under review. SUFFICIENCY OF THE PUBLIC FLOAT Based on the information publicly available to the Company and to the best knowledge, information and belief of the Directors, the Directors confirm that the Company had maintained a sufficient public float as required under the Listing Rules throughout the six months ended 30 June 2026. APPRECIATION The Board would like to express its sincere gratitude to the management of the Group and all the staff for their hard work and dedication, as well as its shareholders, business partners, bankers and auditors for their support to the Group throughout the period. By Order of the Board Asia Cement (China) Holdings Corporation Hsu, Shu-tong Chairman Hong Kong, 7 August 2026