MAX MYANMAR MANUFACTURING CO., LTD.

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Max’s first cement plant was registered in Myanmar and is situated near Taung Philar Limestone deposit at Leiway township, Nay Pyi Taw region, has a capacity of producing 500 tons of cement per day. In Myanmar, a shortage of supply for cement due to the building of infrastructure and construction of highways, bridges, airports and dams.

Currently, there are a total of ten government and three private cement factories in Myanmar. The combined maximum capacity produced by these factories are about 2.4 million tons of cement per annum. The demand for cement is about twice the production and as such, the Company is aggressively moving forward to increase the production capacity.

Existing 500 tpd Wet Process plant, Max Cement Plant I (Nay Pyi Taw) is going to be upgraded to more advanced 1500 tpd Dry Process Cement Plant. Machinery Supply Contract had been signed on 1st August, 2012 with LV Technology Public Co., Ltd., Thailand Construction works has been started since December, 2012 and progressing. Shipments for mechanical installation has been arriving since June 2013 and the speedy implementation of the project is underway. It is expected to run the upgraded plant in early 2014-15.

In addition, the Company has leased 500 tpd Wet Process Cement Plant of Yangon City Development Committee on 28th February 2013. The plant is in Pyi Nyaung, Thazi Township, Mandalay Region and close to Kyat Sa Kan Coal Mine. This plant is regarded as Max Cement Plant II (Pyi Nyaung) and is also intended to upgrade to more advanced 1500 tpd Dry Process Plant. Machinery will be supplied by LV Technology Private Co., Ltd. and 2 teams had visited the site to survey the preliminary construction work and general arrangement of machinery. The existing 500 tpd plant started running since 8th May 2013. Max is trying its utmost to implement the upgraded works 6 months after Max Cement Plant I is fully upgraded. It is expected to accomplish the upgraded plant in late 2014.