Asia Cement China : POSITIVE PROFIT ALERT FOR THE THREE MONTHS ENDED 31 MARCH 2021

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Asia Cement (China) Holdings Corporation

亞 洲 水 泥（中 國）控 股 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 743)

POSITIVE PROFIT ALERT

FOR THE THREE MONTHS ENDED 31 MARCH 2021

This announcement is made by the Company pursuant to Rule 13.09(2)(a) of the Listing Rules and the Inside Information Provisions under Part XIVA of the SFO.

The Board wishes to inform shareholders of the Company and potential investors that, based on the Company's preliminary review of the management accounts of the Group, it is expected that the unaudited profit attributable to equity holders of the Group for the three months ended 31 March 2021 will increase by about 110% to 130% as compared with that of the same period in 2020.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

This announcement is made by Asia Cement (China) Holdings Corporation (the "Company" and together with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO").

The board of directors (the "Board") of the Company wishes to inform shareholders of the Company and potential investors that, based on the Company's preliminary review of the management accounts of the Group, it is expected that the unaudited profit attributable to equity holders of the Group for the three months ended 31 March 2021 will increase by about 110% to 130% as compared with that of the same period in 2020.

The Board considers that the above expected increase was primarily due to the increase in the sales volume of the Group's products.

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This information contained in this announcement is only based on a preliminary assessment by the Board with reference to the information currently available from the management accounts of the Group, which have not been reviewed or audited by the Company's auditors and are subject to possible adjustments arising from further review. The actual results of the Group for the three months ended 31 March 2021 may be different from what is disclosed in this announcement.

It is expected that the announcement for the unaudited consolidated results of the Group for the three months ended 31 March 2021 will be published by the end of April 2021.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board

Asia Cement (China) Holdings Corporation

HSU Shu-tong

Chairman

Hong Kong, 12 April 2021

As at the date of this announcement, the Executive Directors are Mr. HSU Shu-ping, Mr. CHANG Tsai-hsiung, Dr. WU Chung-lih, Mr. CHANG Chen-kuen, Mr. LIN Seng-chang and Ms. WU Ling-ling; the Non-executive Director and Chairman is Mr. HSU Shu-tong; the Independent Non-Executive Directors are Mr. TSIM Tak-lung Dominic, Mr. WANG Wei, Mr. LEE Kao-chao and Dr. WANG Kuo-ming.

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