Ningbo Shanshan Co LtdControlling shareholder change to Wanwei Group and actual controller to Anhui SASAC, with board restructuring completed.
Shanshan Co. controlling shareholder has officially changed to Wanwei Group, and the actual controller has become the Anhui Provincial State-owned Assets Supervision and Administration Commission. The company held an extraordinary general meeting on July 20, 2026, and approved the proposal for the re-election of the board of directors. The largest shareholder, Wanwei Group, has completed the board restructuring and now controls a total of 21.88 percent of the company's voting rights. After the subsequent restructuring of Wanwei Group and Conch Group is completed, Conch Group will become the company's indirect controlling shareholder.
Ningbo Shanshan Co LtdControlling shareholder change to Wanwei Group and actual controller to Anhui SASAC, with board restructuring completed.
Anhui Conch Cement Co LtdConch Group may become indirect controlling shareholder after restructuring, but no direct impact on Anhui Conch Cement yet.
Wanwei Group becomes controlling shareholder of Shanshan Co., gaining 21.88% voting rights and board control.