Stock Codes: 600801, 900933 Stock Abbreviations: Huaxin Cement, Huaxin B Share Ref: Lin 2011-018
Huaxin Cement Co., Ltd.
Announcement on Shareholder Decreasing Its Shareholding of the Company
To the best of our knowledge, the Board of Directors of the Company and its members confirm that there is no material false or misleading statement or material omission in this announcement and shall be severally and jointly liable for the truthfulness, accuracy and completeness of its content.
Huaxin Cement Co., Ltd. (hereinafter referred to as “the Company”) received a notice from its shareholder Huaxin Group Co., Ltd. (hereinafter referred to as “Huaxin Group”) on June 16, 2011: From June 8 to June 15, 2011, Huaxin Group accumulatively decreased its state-owned shares (held on behalf of the State) by 9,320,000 shares (covering 1.15% of the total shares of the Company) through the trading system of Shanghai Stock Exchange. After the shareholding decrease, Huaxin Group now holds 140,079,296 state-owned shares (on behalf of the State), covering 17.35% of the total shares of the Company.
Since May 24, 2011, Huaxin Group has accumulatively decreased its state-owned shares (held on behalf of the State) by 18,422,000 shares (covering 2.28% of the total shares of the Company) through the trading system of Shanghai Stock Exchange. Meanwhile, Huaxin Group informed that the total shareholding it has decreased and will decrease will not exceed 4% of the total shares of the Company; capital it obtained from the shareholding decrease will be invest in indemnificatory housing construction in Huangshi.
According to the requirements of “Notice in Respect of Supervising and Urging Listed Companies to Earnestly Implement Regulations on Decreasing the Reserved Shares Subject to Conditional Sales (Which Had Been Released)” issued by the Listing Department of Shanghai Stock Exchange, the Company herewith announces.
Huaxin Cement Co., Ltd.
June 17, 2011
