On December 29, 2023, Sinoma Cement Co.,Ltd. closed the transaction. The company recently completed the market supervision change registration procedures for its first capital increase, and obtained the "Business License" renewed by the Beijing Xicheng District Market Supervision and Administration Bureau. Approved by Beijing Xicheng District Market Supervision and Administration Bureau, the registered capital of the company was increased from CNY 1,853,280,000 to CNY 3,088,800,000. The company's shareholding ratio is 40%.

On Same date, the company issued 1,235,520,442 shares at a subscription price of CNY 1.0693424 per share for gross proceeds of CNY 1,321.1939 million in its first tranche closing. The transaction included participation from new investor Sinoma International Engineering Co.,Ltd for CNY 1,235.52 million, and received 1,155,401,675 shares. The tranche included participation from other investors. The company's registered capital is increased from CNY 3088.8 million to CNY 10,000 million.