Zhitong Financial APP News, Conch Environmental Protection (00587) announced that the company$Anhui Conch Cement (00914.HK) $It was learned that Anhui Conch Cement is considering the possibility of acquiring more shares in the company. The potential acquisition (subject to the approval of the relevant government agencies) will be carried out through Conch International Holdings (Hong Kong) Limited, a wholly-owned subsidiary of Anhui Conch Cement, in the open market at the prevailing market price, and at such time as it deems appropriate after mainly considering the company's current market price and current market conditions.

Immediately upon completion of the potential acquisition (if realized), Anhui Conch Cement, together with its subsidiaries and those acting in concert with Anhui Conch Cement, will hold a total of less than 30 per cent of the voting rights attached to all issued shares of the company, and the company will be regarded as a subsidiary of Anhui Conch Cement, and the financial results of the company will be incorporated into the Anhui Conch Cement consolidated financial statements.

As of the date of this announcement, Anhui Conch Cement holds about 13.83% of the issued shares of the company directly and indirectly through Conch Hong Kong, which is the single largest shareholder of the company. Anhui Conch Cement is mainly engaged in the production and sales of cement, commercial clinker, aggregate and concrete.