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安徽海螺水泥股份有限公司
ANHUI CONCH CEMENT COMPANY LIMITED
(a joint stock limited company incorporated in the People's Republic of China)
(Stock Code: 00914)
Announcement regarding the Resolutions Passed by the Supervisory Committee
This announcement is made pursuant to Rule 13.10B of the Listing Rules.
In accordance with the applicable laws and regulations of the PRC, the Company will publish the PRC Announcement in designated newspaper circulating in the PRC on 22 March 2019 regarding the resolutions passed by the Supervisory Committee.
This announcement is made pursuant to Rule 13.10B of the Rules ("Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Stock Exchange").
In accordance with the applicable laws and regulations of the People's Republic of China ("PRC"), Anhui Conch Cement Company Limited ("Company") will publish an announcement ("PRC Announcement") in designated newspaper circulating in the PRC on 22 March 2019 regarding resolutions passed by the supervisory committee ("Supervisory Committee") of the Company.
The eighth meeting ("Meeting") of the seventh session of the Supervisory Committee was held in the conference room of the Company on 21 March 2019. The Supervisory Committee comprised 3 supervisors, and all of them were present at the Meeting. The Meeting was chaired by Mr Wu Xiaoming, the chairman of the Supervisory Committee. The convention of the Meeting was in compliance with the relevant requirements of the Companies Law of the PRC and the Articles of Association of the Company ("Articles of Association"). The proceedings of the Meeting are legal and valid. The voting results of each of the resolutions considered in the Meeting are as follows: the total valid voting strength was 3; and all 3 votes were cast in favour of each resolution, representing 100% of the number of valid votes; 0 vote was cast against such resolution; and no supervisor abstained from voting. The following resolutions were passed unanimously at the Meeting:
1. The Company's financial reports for the year ended 31 December 2018 ("2018") prepared in accordance with the PRC Accounting Standards and the International Financial Reporting Standards respectively were considered and approved.
2. The Company's annual report for 2018 and its summary and the related results announcement were considered and approved.
The Supervisory Committee is of the view that the procedures for the preparation and review of the annual report for the year 2018 and its summary and the related results announcement are in compliance with the relevant requirements under law, regulations, the Articles of Association and the internal management system of the Company. Its contents and format are in compliance with the relevant requirements prescribed by the China Securities Regulatory Commission, the Shanghai Stock Exchange, and the Stock Exchange. Information contained therein gives a true view of the Company's operating results and financial status in all aspects for the year 2018. The Supervisory Committee is not aware of any act of the persons involved in the preparation and review of the annual report for the year 2018 which constituted a breach of the confidentiality requirements. Members of the Supervisory Committee present at the Meeting unanimously endorsed the Company's annual report for 2018 and its summary and the related results announcement.
3. The assessment report of the Company's internal control for 2018 was reviewed and approved.
The Supervisory Committee is of the view that the assessment report of the Company's internal control truthfully and objectively reflects the establishment and operation of the internal control system of the Company.
4. The report of the Supervisory Committee for 2018 was considered and approved, and the submission of such report to the shareholders of the Company for consideration and approval at the Company's annual general meeting ("AGM") for 2018 was endorsed.
5. The resolution regarding changes in the Company's accounting policy was considered and approved.
The Supervisory Committee is of the view that the changes in the accounting policy was adopted by the Company in compliance with the "Accounting Standards for Enterprises No.21 - Leasing" as newly revised by the Ministry of Finance of the PRC. The Company shall implement the aforesaid accounting standards in its financial reports for 2019 and beyond. The procedures for approving the changes comply with the relevant laws and regulations, which reflect the financial status and operating results of the Company in a more objective and fair manner, and does not constitute material impact to the Company's financial position and operating results and in the interests of the Company and its shareholders.
By order of the Supervisory Committee Anhui Conch Cement Company Limited
Wu Xiaoming
Chairman of the Supervisory Committee
Wuhu City, Anhui Province, the PRC
21 March 2019
As at the date of this announcement, the board of directors of the Company comprises (i) Mr Gao Dengbang, Mr Wang
Jianchao, Mr Wu Bin and Mr Ding Feng as executive Directors; (ii) Mr Yang Mian Zhi, Mr Tai Kwok Leung and Mr
Leung Tat Kwong Simon as independent non-executive Directors.