Anhui Conch Group Co., Ltd. increased its holdings of Conch Venture (00586) by 148.63 million shares at a price of HK$8.53 per share

The Zhitong Finance App learned that the latest data from the Hong Kong Stock Exchange shows that on July 17, Anhui Conch Group Co., Ltd. increased its holdings of Conch Venture (00586) by 148.63 million shares, at a price of HK$8.53 per share, for a total amount of about HK$127 million. After the increase in holdings, the latest number of shares held was approximately 371 million shares, and the latest shareholding ratio was 20.71%.

This transaction involves other related parties: Wuhu Haichuang Industrial Co., Ltd. and China Conch Venture Holdings Co., Ltd.

Additional information: This notice reports that Anhui Conch Group Co., Ltd. (Conch Group) increased its shares in China Conch Venture Holdings Co., Ltd. (Conch Venture). Because Hailuo Venture indirectly owns all of the registered capital of Wuhu Haichuang Industrial Co., Ltd. (“Wuhu Haichuang”) through a number of wholly-owned subsidiaries; Wuhu Haichuang holds 49% of the registered capital of Hailuo Group; Conch Group holds approximately 37.4% of the issued shares of Anhui Hailuo Cement Co., Ltd. (Hailuo Cement), and Conch International Holdings (HK) Limited is a wholly-owned subsidiary of Hailuo Cement; as described above, such companies directly or indirectly hold securities interests in Conch Venture are also considered as Hailuo Ventures according to applicable rules Required declarations.