Asia Cement (China) Holdings Corporation announced Mr. CHANG Tsai-hsiung would retire as an executive Director at the AGM held on June 9, 2023 and did not offer himself for re-election as he would like to devote more time to his other endeavours. Accordingly, Mr. CHANG Tsai-hsiung retired as executive Director with effect from the conclusion of the AGM. The Board of Directors announced that, pursuant to the Resolution number 3(d), Mr. CHEN Ruey-long, aged 75, has been appointed as an executive Director with effect from the conclusion of the AGM.

Mr. CHEN Ruey-long has entered into a service agreement with the Company for a term of three years commencing on the date of the AGM. The service agreement may be terminated by not less than one month's notice in writing served by either party. His directorship will be subject to retirement by rotation and re-election in accordance with the Listing Rules and articles of association of the Company.