Company code:1102 No:1 Subject:Major resolutions of the 2nd meeting of the 23rd term @of the BOD of ACC To which item it meets--article 2 paragraph xx:49 Date of events:2008/08/26 Contents: 1.Date of occurrence of the event:2008/08/26 2.Company name:Asia Cement Corporation. 3.Relationship to the Company (please enter "head office" or "affiliate company"):Head office. 4.Reciprocal shareholding ratios:Not applicable. 5.Cause of occurrence: @(1)To report the semi-annual financial statements @ended June 30, 2008. @(2)To report the semi-annual consolidated @financial statements ended June 30,2008. @(3)To indirectly invest Oriental Holdings Co., LTD. @USD28,000,000 via the capital owned by @Asia Cement (China) Holdings Corporation. @(4)To indirectly invest Hubei Yadong Cement Co., LTD. @USD31,500,000 via the capital owned by @Asia Cement (China) Holdings Corporation. @(5)To indirectly invest Yangzhou Yadong Cement Co., LTD. @USD6,030,000 via the capital owned by @Asia Cement (China) Holdings Corporation. @(6)To indirectly invest Sichuan Yadong Cement Co., LTD. @USD12,006,000 via the capital owned by @Asia Cement (China) Holdings Corporation. @(7)To indirectly invest Huanggang Yadong Cement Co., LTD. @USD4,428,000 via the capital owned by @Asia Cement (China) Holdings Corporation. 6.Countermeasures: @(1)The semi-annual financial statements ended June 30, 2008: @This proposal has obtained the unanimous consent @of all present directors. @(2)The semi-annual consolidated financial statements @ended June 30,2008:This proposal has obtained the @unanimous consent of all present directors. @(3)The USD28,000,000 investment in Oriental Holdings Co., LTD.: @This proposal has obtained the unanimous consent @of all present directors, who entitle Chairman or @his appointed agent to manage relevant businesses. @(4)The USD31,500,000 investment in Hubei Yadong Cement Co., LTD.: @This proposal has obtained the unanimous consent @of all present directors, who entitle Chairman or his appointed @agent to manage relevant businesses. @(5)The USD6,030,000 investment in Yangzhou Yadong Cement Co., LTD.: @This proposal has obtained the unanimous consent @of all present directors, who entitle Chairman or his appointed @agent to manage relevant businesses. @(6)The USD12,006,000 investment in Sichuan Yadong Cement Co., LTD.: @This proposal has obtained the unanimous consent @of all present directors, who entitle Chairman or his appointed @agent to manage relevant businesses. @(7)The USD4,428,000 investment in Huanggang Yadong Cement Co., LTD.: @This proposal has obtained the unanimous consent @of all present directors, who entitle Chairman or his appointed @agent to manage relevant businesses. 7.Any other matters that need to be specified:None.