Sinoma International Engineering Co.Ltd (SHSE:600970) signed an agreement to acquire Sinoma Mining Construction Co., Ltd from China National Building Material Company Limited (SEHK:3323) for CNY 3.3 billion on October 30, 2020. As per the terms of the transaction, Sinoma International Engineering will 370 million shares to China National Building Material Company Limited. In September 30, 2020, Sinoma Mining Construction reported a total assets of CNY 2.9 billion and total common equity of CNY 1.5 billion. The transaction was approved by shareholders of China National Building Material Company Limited and the Board of Directors of Sinoma International Engineering Co.Ltd. The transaction is still subject to antitrust, state-owned assets department, shareholders of Sinoma International Engineering, CSRC and other necessary approvals. As of September 18, 2021, Sinoma International Engineering Co.Ltd has received approval from CSRC regarding the Restructuring. Fan Jingran and Yang Po of China International Capital Corporation Limited acted as financial advisors, Yan Guozhe and Gong Jiawen of Jiayuan Law acted as legal advisors and both Zhang Jian, Xia Feifei and Gui Shihao of Baker Tilly China Certified Public Accountants and Wang Xin, Yan Huan and Liu Guangzong of ShineWing Certified Public Accountants Co., Ltd. acted as accountants to Sinoma International Engineering Co.Ltd.

Sinoma International Engineering Co.Ltd (SHSE:600970) completed the acquisition of Sinoma Mining Construction Co., Ltd from China National Building Material Company Limited (SEHK:3323) on September 25, 2021.