Ningxia Building Materials Group Co.Ltd(600449) proposed to issue shares for share exchange, absorb and merge CSCEC information

Ningxia Building Materials Group Co.Ltd(600449) announced that the company is planning a major asset restructuring. The company plans to absorb and consolidate CSCEC information by issuing A-share shares to all shareholders of CSCEC information, and sell the controlling rights and other assets of cement and other related business subsidiaries held by the company to Xinjiang Tianshan Cement Co.Ltd(000877) Xinjiang Tianshan Cement Co.Ltd(000877) .