Conch Material Technology releases 2025 report, sets RMB0.16 dividend and redirects HK$282.50 million of IPO funds to Guangdong Maoming plant

Conch Material Technology (Anhui Conch Material Technology Co., Ltd.) has published its 2025 financial report and related AGM circular, highlighting profit distribution, auditor renewal and a major shift in the use of outstanding IPO proceeds. Key takeaways are as follows:

1. Dividend and Earnings • Distributable profit for the year ended 31 December 2025 reached RMB135.32 million. • The Board proposes a final cash dividend of RMB0.16 (tax inclusive) per share on 579.894 million issued shares, implying a total payout of about RMB92.78 million. • Dividend payment is scheduled for around 22 June 2026, with RMB settlement for domestic shareholders and HKD for H-share investors (FX rate: PBoC mid-rate average of the week preceding the dividend announcement).

2. Auditor Re-appointment • KPMG is nominated to continue as international auditor for 2026 at a fee of RMB1.67 million, subject to shareholder approval at the AGM.

3. Reallocation of Unused Global Offering Proceeds • Net IPO proceeds were approximately HK$395.90 million; HK$113.40 million has been spent, leaving HK$282.50 million unutilised. • The Board proposes to redirect HK$143.80 million—originally earmarked for Huludao production, marketing initiatives, loan repayment and part of the Indonesia project—into constructing a new cement and concrete grinding-aid plant (the “Maoming Project”) in Maoming, Guangdong. • Post-adjustment allocation of the remaining HK$282.50 million: – 58.0% (HK$163.70 million) to expand production capacity and footprint, including HK$143.80 million for the Maoming Project, HK$8.00 million for the Indonesia plant, HK$7.90 million for automation/digitalisation and HK$4.00 million for infrastructure. – 21.0% (HK$59.40 million) to ongoing R&D, including development of ethylene carbonate. – 21.0% (HK$59.40 million) to potential acquisitions or joint ventures. • The Maoming Project’s first-phase funding plan comprises HK$43.80 million for land use rights, HK$50.00 million for equipment purchases and HK$50.00 million for plant construction, with full utilisation targeted by December 2028.

4. Annual General Meeting and Key Dates • AGM: 20 May 2026, 10:00 a.m., Conference Room 206, Building B, No. 8 Fuzhou Road, Wuhu, Anhui. • Share registration for AGM voting closes 15–20 May 2026; record date is 20 May 2026. • Register of members for dividend entitlement closes 27 May–1 June 2026; record date is 1 June 2026.

The Board states that the proposed changes improve capital efficiency without altering the Group’s core strategy, and will report progress on fund deployment in future disclosures.