According to Zhitong Finance App News, Conch Venture (00586) issued an announcement. The board of directors of the Company received a notice from Conch Group, the single largest shareholder of the Company. Based on firm confidence in the future development of the Company and long-term strategic investment considerations, Hailuo Group has continued to increase its shares (shares) in the market recently. Since the announcement was made by the Japanese company on February 25, 2026, Conch Group has increased its shares in the market. On the date of this announcement, the shares held directly and indirectly through Anhui Hailuo Cement Co., Ltd. (Hailuo Cement) and its subsidiaries together accounted for nearly 21% of the total number of issued shares. As stated in the announcement, Conch Group will then proceed with the restructuring of the board of directors in due course according to the plan, and the company's financial results will be incorporated into the consolidated financial statements of the Conch Group.
A recent letter from Hailuo Group stated that Hailuo Group resolutely upholds the company's independent legal status, effectively protects the legitimate rights and interests of the company's shareholders, strictly implements the relevant requirements for state-owned enterprise dividends, maintains a steady and sustainable dividend policy, and provides a stable return on investment for all shareholders. In the future, Conch Group will give full play to its advantages in industry, resources, supply chain and platforms, further deepen industrial integration, strengthen collaborative empowerment, improve the industrial layout, empower the Group's steady operation in all aspects, and promote the Group's high-quality development.
The Board of Directors noted recent unusual fluctuations in the price and transactions of the Company's shares. After making reasonable enquiries, the Board confirmed that, as of the date of this announcement, it was unaware of any reason for such price and volume fluctuations, or any information required to be disclosed to avoid false markets in the Company's securities, or any insider information required to be disclosed under Part XIVA of the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong.
The Board of Directors confirmed that as of the date of this announcement, the Group's business operations had remained normal and that there were no significant adverse changes in the Group's business operations and financial situation.