Huaxin Cement announced that its wholly-owned subsidiary, Yunnan Huaxin Dongjun Cement Co., Ltd. and Yunnan State-owned Cement Kunming Co., Ltd. will transfer the land use rights and non-current Assets including buildings, attachments, and machinery to the Changshui Street Office of the People's Government of Guandu District, Kunming City, Yunnan Province for a compensation price of 0.85 billion yuan. This Trade does not constitute a related party transaction nor a major Assets restructuring. The symbol of the Trade is the land use rights of 0.2906 million square meters under the name of Dongjun Cement, as well as the buildings, attachments, and machinery, along with the remaining unused mineral resource usage fees from the limestone mine under the name of State-owned Kunming. The Trade price is 0.85 billion yuan, and the payment method is Cash payment. The proceeds from this Trade will be used for the group's general working capital.