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Investor Presentaiton

Shaanxi Demand Outlook - Infrastructure Led 中国西部水泥有限公司 WEST CHINA CEMENT LIMITED Key infrastructure projects Xi'an-Yan'an High-Speed Railway ■ The Xi'an-Yan'an Railway is a component of the Baohai High-speed Railway Passage and Shaanxi's "*"-shaped high-speed railway network. It starts from north end of Xi'an East Railway Station, passes through the Trade & Logistics Park of Gaoling, Yanliang, Fuping, Yaozhou, Wangyi, Yintai, Yijun, Huangling, Luochuan, Fuxian, Ganquan, and then extends northward to Yan'an New District Station after being introduced into Yan'an Railway Station. Total distance of the Expressway is approx. 300 km with a total investment of 60 billion, and a speed of 350 kilometers per hour. ■Construction commenced in 2020 with total construction of approx. 1.5 million tons. In 2023, WCC supplied approx. 580,000 tons and expects to supply approx. 330,000 tons in 2024. Xi'an-Shiyan High-Speed Railway ■The project starts at Xi'an East Station to Shiyan city, passes through Lantian, Shangzhou, Shanyang and Yunxi, and ends at Shiyan, which connects with Shiyan East Station of Hanshi High-Speed Railway. Total distance of the railway is approx. 257 km, with a total investment of RMB 47.7 billion. Its consturction has been adopted 350 km/h high-speed railway standard. ■ Construction commenced in 2022 with the total consumption of approx. 2 million tons. In 2023, WCC supplied approx. 770,000 tons and expects to supply approx.510,000 tons in 2024. Xi'an-Ankang High-Speed Railway ■ Xi'an-Ankang Railway starts from Xi'an East Station to Ankang West Station via Zhashui, Zhen'an and Xunyang. Total distance of the Railway is approx. 170.2 km, with a total investment of RMB 32.92 billion. The planned construction period is 5 years. ■Construction commenced in 2021 with total construction of approx. 1.5 million tons. In 2023, WCC supplied approx. 720,000 tons and expects to supply approx. 560,000 tons in 2024. Ankang to Langao (Shanyujie) Expressway ■ The project connects the northern bank of Yue River in Hanbinqu in Ankang with Shiyan- Tianshui Expressway and ends at the intersection of two provinces inside Dabashan Tunnel in Shanyujie, which connects with the Kaixian-Chengkuo Expressway that is under construction in Chongqing, with a total distance of 88.583km. ■ Construction commenced at the end of 2017 with total consumption of approx. 1.5 million tons. In 2023, WCC supplied approx. 170,000 tons and expects to supply approx. 120,000 tons in 2024. Ankang - Chongqing High Speed Railway - ■ Ankang Chongqing Railway starts from Ankang in the north and ends in Chongqing in the south. Total distance of the Railway is approx. 478 km, of which the line in Shaanxi is about 80 km. The initial investment of Ankang - Chongqing Railway (Shaanxi Section) project is 16.642 billion, and a speed of 350 kilometers per hour. The approved construction period is 6 years. The whole line had been commenced construction on November 30, 2022, with the estimated cement demand of 2 million tons ■Construction commenced in 2022 with the total consumption of approx. 2 million tons. In 2023, WCC supplied approx. 150,000 tons and expects to supply approx. 320,000 tons in 2024. Micang Avenue ■ Micang Avenue is an important east-west horizontal line in the north of Bazhong. It starts from Tongjiang LiangHeKou, passes through Nanjiang, Nuoshuihe Town, Tiechang River, Huitan, Xiqing, Guanba, and the Yue-Banshan Expressway and ends at Zhaipo Ma Wanzi at Nanjiang County. Total distance of the avenue is 97 km, of which the main line is 85.3 km with a total estimated investment of 12.98 billion. The design standard follows 1st-grade highway with a subgrade span of 23 meters, the main line is twoway four-lane, and the speed is 60 km/hr. ■Construction scheduled to commence in 2021 with the total anticipated consumption of approx. 600,000 tons. In 2023, WCC supplied approx. 190,000 tons and expects to supply approx. 160,000 tons in 2024. Source: Shaanxi Province NDRC Data. 14
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