The board of directors of BBMG Corporation announced that, on 19 December 2016, the company and China Resources Cement Holdings Limited entered into a strategic co-operation agreement. According to the Strategic Co-operation Agreement, the company and China Resources Cement shall jointly explore the markets in the PRC and overseas and further promote the advancement of the technology as well as the transformation and pgrade of the cement industry. The parties shall establish a market communications mechanism to strengthen the sharing of market information and experience in production, technology and business management on a regular basis, which would allow the parties to complement each other's strengths and compensate each other's deficiencies for mutual benefits, achieve improvement in relation to management, jointly explore paths on transformation development towards environmental protection and promote the advancement of the cement industry in the PRC.

The entering into of the Strategic Co-operation Agreement is in line with the strategic evelopment requirements of the company. By forming a key strategic partnership, both parties will commence business co-operation in accordance with the requirements of the relevant laws and regulations. The enter into of the Strategic Co-operation Agreement will give full play to the competitive advantages of both parties in areas such as transformation development towards environmental protection, production, technological research and development and operations in relation to cement, concrete and other modern building materials, which is beneficial to the enhancement of the competitiveness of the company and the promotion of a healthy and sustainable development.