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1 , % ,

2 (I)... 2 (II)... 4 (III)... 6 (IV) (V) (VI) (VII) (VIII)

3 (I) Pioneer Cement China Pioneer Cement (Hong Kong) Company Limited Continental Cement Continental Cement Corporation American Shanshui American Shanshui Development Inc. CSI China Shanshui Investment Company Limited 2

4 (I)

5 (II) 4

6 (II) (1) China Shanshui Cement Group Limited CSC (2) P.O.Box 10008,Willow House, Cricket Square Grand Cayman KY1-1001,Cayman Islands (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) 5

7 (III) ,649,500 6,315,011 2,380,431 1,865, % 29.5% 1,455, , % 9.1% 2,144,309 1,293, % 20.5% 711,107 (100,520) 751,766 (43,695) 0.22 (0.01) 1,270, , ,406,437 25,089,959 20,753,779 21,072,428 4,599,867 3,915, % 76.4% ,196 18,258 3,530 3,853 1,259 1,

8 (IV) , % , % 7.3% 55, %77, % 66, % % % % ,038 5,1071,930 1, % % %

9 (IV) ,026, % 4,819, % 4.3% 929, % 916, % 1.4% 552, % 471, % 17.3% 141, % 107, % 31.2% 6,649, % 6,315, % 5.3% 5.3% % % % 8

10 (IV). 2. (1) 15,196 18, % % 3,530 3, % % 1,259 1, % % 16.8% 1, % % % % %

11 (IV). 2. (2) % % % % % % % % % % % % % % 10

12 (IV). 2. (3) , % 12, % -7.6% 3, % 5, % -36.1% , % % 11

13 (IV) ,822, % 4,320, % 11.6% 1,860, % 1,674, % 11.1% 1,926, % 1,704, % 13.0% 1,035, % 941, % 10.0% 1,093, % 1,267, % -13.7% 539, % 550, % -2.1% 194, % 176, % 10.5% 6,649, % 6,315, % 5.3% % 11.6% % 11.1% % 13.0% % 10.0% % 13.7% %2.1% %10.5% 12

14 (IV) ,649,500 6,315, % 2,380,431 1,865, % 2,144,309 1,293, % 1,455, , % 1,063,308 43,521 2,343.2% 711,107 (100,520) 807.4% 751,766 (43,695) 1,820.5% % % % 35.8% 13

15 (IV) ,418, % 1,477, % ,138, % 1,233, % , % 571, % , % 436, % , % 731, % 1.9 4,269, % 4,449, % % % % %

16 (IV) , % 256, % , % 1,059, % , % 531, % ,538, % 1,846, %

17 (IV) ,434,281 20,753, % 4,972,156 4,336, % 25,406,437 25,089, % 19,710,365 19,744, % 1,043,414 1,327, % 20,753,779 21,072, % 52, , % 4,599,867 3,915, % 25,406,437 25,089, % 71.7% 76.4% %

18 (IV) ,662,379 12,504, , ,888 12,189,856 13,305, % , ,497 84,389 67, , ,

19 (IV) ,270, ,458 (177,818) (298,993) (1,011,044) (437,699) 81, , , ,500 (413) (734) , ,

20 (IV) %PPP 19

21 (IV) %

22 (IV) % %

23 (IV) ,

24 (V) ,000,00010,000,000, ,379,140, % %

25 (V). (1) XV (1) (2a) 951,462,000 (L) 28.16% (2a) 951,462,000 (L) 28.16% (2a) 951,462,000 (L) 28.16% (2a) 951,462,000 (L) 28.16% 791,000,000 (L) 23.41% (2b) China Shanshui Investment 847,908,316 (L) 25.09% Company Limited (3) (4) 428,393,000 (L) 12.68% 320,932,647 (L) 9.50% 142,643,000 (L) 4.22% 317(1)(a) 318 Yu Yuan Investment 142,643,000 (L) 4.22% Corporation Limited 749,325,647 (L) (5) 22.18% 317(1)(a) ,190,040 (L) 16.67% (6) (6) 563,190,040 (L) 16.67% China National Building Material Holdings Co., Limited (6) 563,190,040 (L) 16.67% 24

26 (V). (1) (1) L (2a) 70% 30% (2b) ,000,000 (3) China Shanshui Investment Company Limited (4) 320,932,647 Yu Yuan Investment Corporation Limited ,643,000 (5) 317 (6) China National Building Material Holdings Co., Limited (7) ,379,140, XV

27 (V). (2) XV %260,336, ,336, ,400, ,300,000 CSI 20,000,000 23,600,

28 (V) HCMP593/2015 CSI CSI CSI ,600, ,400, , (3) ,736, % 27

29 (V) ,000,000 20,000, ,000, ,000, ,600, ,600, ,000 9,000, ,000 2,000, ,700, , ,000, , ,000, ,700, ,600, ,600,000 28

30 (V). (i) (ii) (iii) (iv) (v) 214,600, ,379,140, % 12 1% (i) (ii) 5(iii). 29

31 (VI) ,462, % (1) (2) (3) (1) (2) (3) % (4) (5)

32 (VI) FSD 161 (IMJ)

33 (VI) Pioneer Cement 5 (1) (2)

34 (VI) (1)

35 (VI) CSI

36 (VI) Pioneer Cement CSI (i) (ii) (iii)

37 (VI) China Pioneer (2016) (2016) (2016) (2016) (2017)

38 (VI) Pioneer Cement (2016) Pioneer Cement (2016) (2016) (2016)

39 (VI) (2017) (2017) (2017) 330 (2017)

40 (VI) (1) (2) ,900, ,700,

41 (VI) % % SHKIS SHKIS ,000, ,000, SHKIS SHKIS 40

42 (VI) SHKIS CSI (i) (ii) 41

43 (VI). SHKIS ,000, ,000, (1) (4) (i) (ii) 6.01(2)6.01(4) (a) (b) B.06(1) 42

44 (VI) (2)6.01(4) (i) (ii) B.06(2) 2B.08(1) (2)6.01(4) ,000, % 25% 43

45 (VI)

46 (VII) ,649,500 6,315,011 (4,269,069) (4,449,683) 2,380,431 1,865, ,019 64, ,322 (75,094) (201,132) (256,049) (936,388) (1,024,339) 1,455, ,476 7(a) (400,845) (531,231) 8, ,063,308 43,521 8 (352,201) (144,041) 711,107 (100,520) 751,766 (43,695) (40,659) (56,825) 711,107 (100,520) (0.01) 0.22 (0.01)

47 (VII) ,107 (100,520) (67,226) 116, (67,226) 116, ,881 16, ,540 73,048 (40,659) (56,825) 643,881 16,

48 (VII) ,425,121 16,769,993 2,214,657 2,241,969 18,639,778 19,011, , ,574 14,223 14, , , , , , , , ,299 20,434,281 20,753, ,811,844 1,506, ,033,707 1,805, , , ,302 62, , ,995 4,972,156 4,336, ,615,049 4,790, ,321,509 1,736, ,725,821 5,977, ,652,700 3,225, ,121,455 3,888, , ,517 19,710,365 19,744,702 (14,738,209) (15,407,901) 5,696,072 5,345,257 47

49 (VII) , , , , , , , ,807 19,992 20, , ,614 1,043,414 1,327,726 4,652,658 4,017,531 20(b) 227, ,848 4,654,010 4,654,010 4,881,858 4,881,858 (281,991) (966,531) 4,599,867 3,915,327 52, ,204 4,652,658 4,017,

50 (VII) ,848 4,654,010 1,193, ,921 (349,201) 4,802 (2,901,260) 3,098, ,551 3,256, (43,695) (43,695) (56,825) (100,520) 116, , , , (43,695) 73,048 (56,825) 16,223 (741) (741) ,848 4,654,010 1,193, ,921 (232,834) 5,178 (2,944,955) 3,171,736 99,985 3,271, ,848 4,654,010 1,282, ,976 (147,387) 5,225 (2,376,146) 3,915, ,204 4,017,531 9 (5,225) 5, ,848 4,654,010 1,282, ,976 (147,387) (2,370,921) 3,915, ,204 4,017, , ,766 (40,659) 711,107 (67,226) (67,226) (67,226) (67,226) 751, ,540 (40,659) 643,881 27,557 (27,557) (8,754) (8,754) ,848 4,654,010 1,282, ,533 (214,613) (1,646,712) 4,599,867 52,791 4,652,

51 (VII) ,869,066 1,308,645 (400,986) (309,397) (197,301) (113,790) 1,270, ,458 (302,213) (334,286) 124,395 35,293 (177,818) (298,993) 280,000 64, , ,087 (1,098,877) (281,415) (332,116) (370,000) (8,719) 9,629 (1,011,044) (437,699) 81, , , ,500 (413) (734) , ,

52 (VII) ,

53 (VII) % 500,000, ,971, ,747, ,600, )

54 (VII) (i) (ii) % 7.7% (iii)

55 (VII) (iii) % 8.9% (iv) ,900, ,700,000 (v) % 2020 (vi) (vii)

56 (VII) (a) (b) 2(c) 55

57 (VII) (a) (b) 15 2(c) ,712 (676,712) 676, ,712 5,225 (5,225) (2,376,146) 5,225 (2,370,921) (b) (c) 56

58 (VII) (b) (i)

59 (VII) (b) 9 (i) ,229 9,229 7,968 (7,968) 1,261 (1,261) 58

60 (VII) (b) 9 (i) (ii)

61 (VII) (b) 9 (ii)

62 (VII) (b) 9 (ii) (i) (ii) 90 61

63 (VII) (b) 9 (ii)

64 (VII) (b) 9 (iii) (c) ,712 (676,712) 676, ,712 63

65 (VII) (c) 15 (i) ,712,000 (ii) A. 64

66 (VII) (c) 15 (ii) B. C

67 (VII) (a) ,026,016 4,819, , , , , , ,755 3, ,649,500 6,315, (b) 66

68 (VII) (b) 67

69 (VII) (b) ,819,524 1,093, , ,522 6,645,587 4,320,768 1,267, , ,010 6,314,948 3, , ,822,587 1,093, , ,522 6,649,500 4,320,831 1,267, , ,010 6,315,011 14,874 4,578 26,486 45,938 23,355 23,355 4,837,461 1,097, , ,522 6,695,438 4,344,186 1,267, , ,010 6,338,366 1,639,515 20, ,350 56,262 1,864, ,689 (129,511) (5,909) 44, , ,368,974 8,899,683 5,427,614 1,247,430 24,964,701 9,678,847 8,566,619 5,359,711 1,083,668 24,688,845 (16,549,420) (1,742,961) (792,398) (299,117) (19,383,896) 3,732,180 2,143, , ,140 6,865,556 68

70 (VII) (c) ,864, ,961 (76,986) 5,831 1,787, ,792 8, ,442 3,750 (343,130) (488,328) (508,087) (102,219) 1,063,308 43,

71 (VII) ,137 3,704 54,223 46,610 8,915 8, ,442 3,750 12,552 5, ,019 64, ,377 (95) (34,309) 6,870 (51,788) 5,795 17,039 (603) (237) (3,372) (4,880) (2,569) 9,322 (75,094) 70

72 (VII) (a) , , , ,044 (*) (141) (239) 392, , ,945 7,871 14, , ,231 * % 5.94% (b) , ,536 29,594 29,073 47,505 43,779 71

73 (VII) , ,112 6,585 7, , ,041 (i) 25% % (ii) 16.5% % (iii) [2011]

74 (VII) (a) ,766, ,695,000 3,379,140, ,379,140,240 (b) ,300, ,300,

75 (VII) (a) (b) , , , , , , , , , ,449 1,811,844 1,506,993 74

76 (VII) ,021, ,301 1,259,313 1,343,726 (247,406) (254,275) 2,033,707 1,805, ,101, , , , , , , ,337 2,033,707 1,805, ,000,000 75

77 (VII) ,609 83,246 45,774 66, , ,700 24(b) 61,262 40, , ,786 13(a) 6,500 6, ,626 81, , ,220 (a) ,445, ,252,000 59,857, ,589,

78 (VII) * 218, ,600 4,396,299 4,548,999 4,615,049 4,790,599 * , % 10.1% % 10.1% ,274 4, ,678 ) ) ,295,249 4,678, ,800 65,200 47, , ,400 4,615,049 4,790,599 77

79 (VII) (i) 3,636 4,545 (ii) 1,493,600 2,136,018 1,497,236 2,140, ,321,509 1,736, , ,113 7,818 36, , ,841 1,497,236 2,140,563 (i) 0.3% %

80 (VII) (ii) ,800 ( ,454,418) 519,800 ( ,600) 14/04/ /11/ % 0% 7.67% 14/05/ /02/ % 0% 7.67% , , , % 7.7% 1, , , , ,200 79

81 (VII) ,250,600 3,582,716 (2,898,850) (3,185,669) 2,826,971 2,791,766 (2,826,971) (2,791,766) 351, ,047 (a) (i) (ii) 1,424, ,601, , , , ,016,500 18/01/ /01/ % 0% 7.67% (31/12/2017: 0%-7.67%) 27/02/ /02/ % 0% 7.67% (31/12/2017: 0%-7.67%) 09/05/ /05/ % 0% 7.67% (31/12/2017: 0%-7.67%) (b) (iii) 427, ,253 11/03/ /03/ % 7.5% (31/12/2017: 7.5%) 80

82 (VII) (i) , , , , ,400 2% 8.9% 2, , ,040 (ii) (iii) % % ,000, ,971, ,747, %

83 (VII) ,652,700 3,225, ,892,698 1,621, , , , , ,675 1,027,071 3,652,700 3,225, ( ) 82

84 (VII) , ,689 99, , ,361 77, , ,116 24(b) 886, , , ,507 (i) 250, ,049 16,299 19,151 (ii) 1,551,622 1,545,067 4,121,455 3,888,522 (i) % 33 (ii) (iii) (a)

85 (VII) (b) ,000,000, , ,379,140, , (a) (i) 13 84

86 (VII) (a) (i) ,365 7, ,968 7,

87 (VII) (b) , , (a) , 86

88 (VII) (b) (i) (ii) ,808, (iii) ,680,

89 (VII) (a) (i) 48 1,973 (ii) 1, ,566 68,216 3, ,000 6,017 2,889 12,666 4, ,452 (iii) 5,215 (iv) 148, ,087 (v) 6,825 3, , ,302 88

90 (VII) (a) (vi) 315 1,056 (vi) 38,736 (iii) 20,505 (v) 6,790 3,300 6,790 23,805 7,101 8,282 (i) (ii) (iii) ,500, ,500,000 (iv) (v) (vi) 854,222, ,746, ,195, ,600, % %

91 (VII) (b) ,692 18, ,025 6,526 6,034 6, ,000 5, ,709 23, ,000 4,014 4,000 3,000 3, ,228 34,299 38,421 80,849 86, ,500 6, ,683 45, , ,746 2,195 2, , ,

92 (VII) (c) ,323 5, ,516 5, (a) ,900, % ,700, %

93 (VII) (b) (c) ,788,000 17,039,000 92

94 (VIII) A A

95 (VIII). 3.10(1) (1) (2) (1) B(1)

96

目 錄 頁 次 釋 義......................................................... 1 董 事 會 函 件..................................................... 3 言.............

目 錄 頁 次 釋 義......................................................... 1 董 事 會 函 件..................................................... 3 言............. 此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問 應諮詢 閣下的股票經紀 其他持牌證 券商 銀行經理 律師 專業會計師或其他專業顧問 閣下如已售出或轉讓名下所有金嗓子控股集團有限公司的股份 應立即將本通函連同隨附的代 表委任表格送交買主或承讓人 或經手買賣的銀行 股票經紀或其他代理人 以便轉交買主或 承讓人 香 交易及結算所有限公司及香 聯合交易所有限公司對本通函的內容概不負責 對其準確性

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