China Life Accumulates 12 Million Shares Of Jidong Cement

In the evening of November 10th, Tangshan Jidong Cement (000401.SZ) announced that in order to achieve Income from investment Shareholders of a company China Life Insurance During the period from October 14, 2010 to November 5th, the total amount of Jidong Cement 12 million shares was reduced, accounting for 0.99% of the total share capital.

After this share reduction, the three accounts entrusted by China life insurance still hold 51 million 810 thousand shares of Jidong Cement, which account for 4.27% of the total number of cement shares in Jidong.

China Life said it may continue to reduce its holdings in the next 12 months.

In June 2008, Jidong Cement successfully issued 6 shares and 250 million shares to 11.83 specific investors by issuing non-public offering shares. Among them, China Life Asset Management Co was allocated 108 million shares, accounting for 8.91% of the total, and the sale period was 12 months.

According to Jidong Cement daily report, China Life's shareholding ratio dropped from 8.91% at the end of 2009 to 5.27%.

Prior to November 2nd, Jidong Cement control shareholder Jidong development group has just completed its holdings plan. In six months, it accumulated 7 million 760 thousand shares of the company through the two tier market, and its shareholding ratio increased to 41.42%.