Anhui Wanwei Updated High-Tech Material Industry Sets Cap of 93.6 Million Yuan in Related-Party Deal with Conch Cement

Anhui Wanwei Updated High-Tech Material Industry (SHA:600063) signed a framework agreement with Anhui Conch Cement for 2026 daily related-party transactions totaling up to 93.6 million yuan. The move followed Conch Group's strategic restructuring to become the company's indirect controlling shareholder, according to a Friday filing with the Shanghai bourse. The deal covers goods sales and procurement as well as service provision. Products include limestone, steam, electricity, water and calcium carbide slag. The agreement takes effect upon Conch Cement's completion of Anhui Wanwei Updated High-Tech Material Industry's cement asset acquisition. Shares of the chemical manufacturer closed 7% lower Thursday.