Sinoma International Engineering Co.Ltd agreed to acquire CNBM Smart Industry Technology Co., Ltd. from CNBM Elink Co., Ltd. for approximately CNY 380 million on November 28, 2022. Transaction has been approved by Sinoma International's board of directors. For the period April 2020, CNBM Smart Industry had CNY 368 million of total assets and CNY 137 million of Owners' equity.

As of January 12, 2023, the transaction received the regulatory approval.