Asia Cement Corporation Announces Share Exchange for Organizational Restructuring of Mainland China Investments by Key Subsidiaries Asia Industrial Investment Pte. Ltd. and Asia Investment Co., Ltd.

1. Date of Event: From June 24, Year 115 to June 24, Year 115

2. Method of New (or Reduced) Investment:
Asia Investment Co., Ltd., 100% directly owned by Asia Industrial Investment Pte. Ltd., will issue new shares to acquire 85% equity in Jiangxi Asia Cement Co., Ltd. held by Asia Industrial Investment Pte. Ltd. This share exchange will increase the Company's indirect investment amount in mainland China.

3. Board Approval Date: June 24, Year 115

4. Other Approval Dates: Not applicable

5. Number of Transaction Units, Unit Price, and Total Transaction Amount:
Total Transaction Amount: RMB 5,437,557,443.53

6. Name of Investee Company in Mainland China:
Jiangxi Asia Cement Co., Ltd.

7. Paid-in Capital of the Above-mentioned Mainland China Investee Company:
USD 356,104 thousand

8. Proposed New Capital Increase for the Above-mentioned Mainland China Investee Company:
Not applicable

9. Main Business Activities of the Above-mentioned Mainland China Investee Company:
Production and sale of clinker and cement

10. Auditor's Opinion Type for the Most Recent Financial Statements of the Above-mentioned Mainland China Investee Company:
Unqualified opinion

11. Total Equity in the Most Recent Financial Statements of the Above-mentioned Mainland China Investee Company:
RMB 6,460,726 thousand

12. Net Profit (or Loss) in the Most Recent Financial Statements of the Above-mentioned Mainland China Investee Company:
RMB 123,516 thousand

13. Cumulative Actual Investment Amount in the Above-mentioned Mainland China Investee Company to Date:
USD 277,505 thousand

14. Counterparty and Its Relationship with the Company:
1. Asia Industrial Investment Pte. Ltd. directly holds 100% of Asia Investment Co., Ltd. and 85% of Jiangxi Asia Cement Co., Ltd.
2. Asia Investment Co., Ltd. is a 100% directly owned subsidiary of Asia Industrial Investment Pte. Ltd. and directly holds 10% of Jiangxi Asia Cement Co., Ltd.
3. Both Asia Industrial Investment Pte. Ltd. and Asia Investment Co., Ltd. are important subsidiaries indirectly held by the Company.

15. If the Counterparty is a Related Party, State the Reason for Selecting the Related Party as Counterparty, Previous Transferor, Relationship Between Previous Transferor and the Company and Counterparty, Previous Transfer Date, and Transfer Amount:
1. Reason for selecting related party as counterparty: Internal group organizational restructuring
2. Previous transferor: Asia Investment Pte. Ltd.
3. Relationship between previous transferor and the Company: Asia Investment Pte. Ltd. is an important subsidiary indirectly held by the Company
4. Relationship between previous transferor and counterparty: Asia Investment Pte. Ltd. directly holds 100% of Asia Industrial Investment Pte. Ltd.
5. Previous transfer date: April 29, Year 114
6. Previous total transaction amount: RMB 5,386,628,948.48

16. If the Owner of the Subject Asset was a Related Party of the Company within the Last Five Years, State the Related Party's Acquisition and Disposal Dates, Price, and Relationship with the Company at the Time:
1. Date when Asia Industrial Investment Pte. Ltd. acquired 85% equity in Jiangxi Asia Cement Co., Ltd.: April 29, Year 114
2. Price for Asia Industrial Investment Pte. Ltd.'s acquisition of 85% equity in Jiangxi Asia Cement Co., Ltd.: RMB 5,386,628,948.48
3. Relationship between owner Asia Industrial Investment Pte. Ltd. and the Company at the time of transaction: Important subsidiary indirectly held by the Company

17. Gain (or Loss) on Disposal:
Not applicable

18. Delivery or Payment Terms (including payment period and amount), Contractual Restrictive Clauses, and Other Important Agreements:
Delivery or Payment Terms: Executed via share exchange
Contractual Restrictive Clauses and Other Important Agreements: None

19. Decision-Making Method for this Transaction, Basis for Price Determination, and Decision-Making Unit:
Decision-Making Method: Pursuant to board resolutions of Asia Industrial Investment Pte. Ltd. and Asia Investment Co., Ltd.
Basis for Price Determination: Book net asset value from Jiangxi Asia Cement Co., Ltd.'s financial statements as of April 30, Year 115
Decision-Making Unit: Boards of Directors of Asia Industrial Investment Pte. Ltd. and Asia Investment Co., Ltd.

20. Broker:
None

21. Specific Purpose of Acquisition or Disposal:
Internal group organizational restructuring

22. Dissenting Directors' Opinions on this Transaction:
None

23. Whether this Transaction is a Related-Party Transaction: Yes

24. Date of Supervisor's Approval or Audit Committee's Consent:
June 24, Year 115

25. Cumulative Total Investment Amount in Mainland China Approved by the Investment Commission to Date (including this investment):
USD 4,158,892 thousand

26. Ratio of Cumulative Total Investment Amount in Mainland China Approved by the Investment Commission to Date (including this investment) to the Paid-in Capital in the Most Recent Financial Statements:
370.85%

27. Ratio of Cumulative Total Investment Amount in Mainland China Approved by the Investment Commission to Date (including this investment) to Total Assets in the Most Recent Financial Statements:
52.4%

28. Ratio of Cumulative Total Investment Amount in Mainland China Approved by the Investment Commission to Date (including this investment) to Equity Attributable to Owners of Parent in the Most Recent Financial Statements:
72.96%

29. Cumulative Actual Total Investment Amount in Mainland China to Date:
USD 2,184,042 thousand

30. Ratio of Cumulative Actual Total Investment Amount in Mainland China to Date to Paid-in Capital in the Most Recent Financial Statements:
194.75%

31. Ratio of Cumulative Actual Total Investment Amount in Mainland China to Date to Total Assets in the Most Recent Financial Statements:
27.52%

32. Ratio of Cumulative Actual Total Investment Amount in Mainland China to Date to Equity Attributable to Owners of Parent in the Most Recent Financial Statements:
38.31%

33. Recognized Investment Gains (Losses) from Mainland China in the Last Three Years:
Year 112: RMB 263,978 thousand
Year 113: RMB -906 thousand
Year 114: RMB 181,776 thousand

34. Profit Repatriation Amount from Mainland China in the Last Three Years:
Year 112: RMB 169,793 thousand
Year 113: RMB 43,510 thousand
Year 114: RMB 0 thousand

35. Did the Auditor Issue a Non-Reasonable Opinion on this Transaction? No

36. Name of Accounting Firm:
Chih Ho United Certified Public Accountants

37. Name of Accountant:
Shih, Ping-Chuan

38. Accountant's Practice Certificate Number:
Taipei City CPA Certificate No. 3325

39. Previous Date of Material Information Disclosure on the Same Event: Not applicable

40. Other Explanatory Matters:
This transaction will be implemented upon approval by the Investment Commission.