Sinoma International Engineering Co.Ltd (SHSE:600970) entered into the Asset Purchase Agreement to acquire Hefei Cement Research & Design Institute Corporation Ltd from China Construction Material Scientific Research General Institute for CNY 36.5 million on August 26, 2022. Consideration will be satisficed by issuing shares and cash. Hefei Institution generated the net asset value of 782.521million for March 31, 2022. Transaction is subject to Board and shareholders approval of Sinoma International Engineering and China Securities Regulatory Commission approval and shareholders of China National Building Material Company. As on September 23, 2022, Sinoma International's board has approved the transaction. On October 21, 2022, the transaction has been reviewed and approved at the 18th meeting (interim) and the 20th meeting (interim) of the seventh board of directors of Sinoma International Engineering Co.Ltd. On November 7, 2022, the general meeting of shareholders was held and passed the Proposal on the Company's Compliance with the Conditions of Issuing Shares and Paying Cash to Purchase Assets and Private Placement for Raising Supporting Funds. The China Securities Regulatory Commission has conditionally approved the deal on January 12, 2023. Huatai United Securities Co., Ltd. represented as Financial advisor, Jia Yuan Law Office represented as Legal advisor and Da Hua Certified Public Accountants represented as accountant for Sinoma International Engineering. Sinoma International has received the Approval for the Issuance of Shares to China Building Materials for the Acquisition and all the conditions have been fulfilled for the transaction.

Sinoma International Engineering Co.Ltd (SHSE:600970) completed the acquisition of Hefei Cement Research & Design Institute Corporation Ltd from China Construction Material Scientific Research General Institute on February 15, 2023.