Tailam Technology (Jiangsu Nantong) Co., Ltd. (泰林科技(江蘇南通)有限公司), an indirect wholly-owned subsidiary of the Company (“Jiangsu Tailam”) entered into a strategic cooperation agreement (the “Strategic Cooperation Agreement”) with three subsidiaries (the “Conch Subsidiaries”) of Anhui Conch Cement Company Limited (the “Conch Cement”) in the Shanghai region of China on 21 January 2025. Pursuant to the Strategic Cooperation Agreement, the Conch Subsidiaries agreed to supply cement, sand and gravel aggregate and concrete admixtures (the “Cement Products”) to Jiangsu Tailam with priority under the same conditions in the same region, and Jiangsu Tailam agreed to purchase the Cement Products from Conch Subsidiaries with priority under the same conditions in the same region.

Considering that Conch Cement is a leader in the cement industry with advantages in resources, costs, technology and brand, as well as the high quality and good reputation of its cement products, the Board considers that the entering into of the Strategic Cooperation Agreement will enable the Group to obtain sustainable and stable procurement channels for the Cement Products, thereby supporting the Group’s operation needs and growth objectives.

For details, please refer to the Voluntary Announcement in relation to the Strategic Co-operation Agreement for Updated Business Information published on January 21, 2025.

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