China Shanshui Cement Group Limited (“Shanshui Cement”) will ask independent shareholders to approve the renewal of three sets of continuing connected-transaction framework agreements and their 2026–2027 annual caps at the annual general meeting scheduled for 26 May 2026 in Jinan, Shandong.
Shanshui Cement and its substantial shareholder China National Building Material Group (“CNBMG”)—together with CNBMG affiliates Shandong Quanxing and Shandong Donghua—have signed new one-year agreements covering:
• Mine Development Services – provision of mining, maintenance and related engineering services. • Engineering & Technical Services – design, construction, upgrade, inspection and other technical services. • Clinker & Cement Transactions – reciprocal sales and purchases of clinker, cement, aggregates and commercial concrete.
Key proposed caps (ex-tax) for the new period are split into the seven months to 31 Dec 2026 and the five months to 31 May 2027:
• Mine Development Services: RMB 387.80 million and RMB 216.45 million. • Engineering & Technical Services: RMB 236.65 million and RMB 96.94 million. • Clinker & Cement – Group procurement: RMB 34.30 million and RMB 21.23 million. • Clinker & Cement – Group sales: RMB 117.46 million and RMB 77.71 million.
The company recorded a 99.61 % utilisation of the current cap for Mine Development Services in the seven months ended 31 Dec 2025, while utilisation for Engineering & Technical Services and clinker/cement transactions was substantially lower due to industry-wide demand weakness and project delays.
Independent directors have endorsed the new caps after Giraffe Capital Limited, the independent financial adviser, concluded the terms are fair and reasonable. CNBM and its associates—holding about 12.94 % of Shanshui Cement—will abstain from voting at the AGM.
Other AGM business includes re-election of independent non-executive directors LI Jianwei and HSU You-yuan, and the re-appointment of Moore CPA Limited as auditor. The shareholder register will close from 20 May to 26 May 2026. Proxies must be lodged by 24 May 2026.