Shree Cement Subsidiary to Incorporate in China

Shree Cement Limited, through its wholly-owned subsidiary Shree Global FZE, UAE, has approved the incorporation of a new wholly-owned subsidiary in China. The proposed entity, Shree International Trading (Shanghai) Limited, will engage in the import, export, and trading of goods, including machinery, equipment, and environmental protection products. The incorporation is being done with an authorized capital of RMB 5,000,000, with Shree Cement indirectly holding 100% equity. No specific governmental or regulatory approvals are required for this incorporation, and the initial paid-up share capital will be subscribed in cash.