The board of directors of Anhui Conch Cement Company Limited announced that on 18 December 2020, the company received the written resignation application tendered by Mr. Yang Mianzhi an independent non-executive director of the company. Mr. Yang tendered his resignation application as an independent non-executive director, the chairman of the audit committee and a member of the remuneration and nomination committee of the Company, due to his pursuit of other work commitments and his concerns about the possible devotion of insufficient time to the Board. Mr. Yang and the Board confirmed that Mr. Yang has no disagreement with the Board and neither of them is aware of any matter in relation to Mr. Yang's resignation which needs to be brought to the attention of the shareholders of the Company or the Stock Exchange.