Huaxin Materials announced that Huaxin Changyang, a wholly-owned subsidiary of the company, transferred the 400,000 tons/year cement clinker production capacity index of the 4,000 tons/day cement clinker production line to Chuxing, Yihua, at a price of 64 million yuan. This transaction does not constitute a related transaction or major asset restructuring. After deducting taxes and fees, it is estimated that approximately RMB 60.3774 million in cash can be recovered. After the transfer is completed, the main equipment of the corresponding production line will be shut down and dismantled in accordance with the law, and profit and loss will ultimately be based on the annual audit report.

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