Kokusanzai Announces Board Resolution Authorizing Disposal of Mainland China Subsidiary Shares

1. Date of Event: August 11, 115

2. Company Name: Kokusanzai Concrete & Building Materials Co., Ltd.

3. Relationship with Company: Parent Company

4. Cross-shareholding Ratio: Not applicable

5. Reason for Occurrence: To enhance operational liquidity, the Board of Directors has resolved to authorize the Chairman to dispose of the company's 20% equity stake in Lianyuan Conch Cement Co., Ltd. at a total transaction value not lower than its book net value. Further details will be disclosed in accordance with applicable regulations once the actual transaction amount is determined.

6. Countermeasures: Not applicable

7. Other Matters to be Disclosed (if the subject is a publicly listed company, this announcement qualifies as a material event under Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act that significantly affects shareholders' rights or stock prices): None