CNBM announced that its non-wholly-owned subsidiary Sinoma Science & Technology signed an equity transfer agreement with its wholly-owned subsidiary, Zhonglian Investment, on October 25, 2024. They acquired approximately 4.1349% equity of Beibo Limited in cash at a price of RMB 54.4443 million. This acquisition will increase Sinoma Science & Technology's ownership of Beibo Limited to about 90.0793%, while Zhonglian Investment will no longer hold any stake in Beibo Limited. The transaction qualifies as a related party transaction. However, as the percentage is below 5%, they are exempt from compliance with the circular and shareholder approval requirements in accordance with the listing rules, only needing to follow disclosure and reporting requirements. After the acquisition, Sinoma Science & Technology will be able to strengthen the high ownership management of Beibo Limited, improve decision-making efficiency, and secure future earnings. Beibo Limited is mainly engaged in the research, production, and sales of glass steel, composite materials, raw materials, resin, and other products.

CNBM announced that its non-wholly-owned subsidiary Sinoma Science & Technology signed an equity transfer agreement with its wholly-owned subsidiary, Zhonglian Investment, on October 25, 2024. They acquired approximately 4.1349% equity of Beibo Limited in cash at a price of RMB 54.4443 million. This acquisition will increase Sinoma Science & Technology's ownership of Beibo Limited to about 90.0793%, while Zhonglian Investment will no longer hold any stake in Beibo Limited. The transaction qualifies as a related party transaction. However, as the percentage is below 5%, they are exempt from compliance with the circular and shareholder approval requirements in accordance with the listing rules, only needing to follow disclosure and reporting requirements. After the acquisition, Sinoma Science & Technology will be able to strengthen the high ownership management of Beibo Limited, improve decision-making efficiency, and secure future earnings. Beibo Limited is mainly engaged in the research, production, and sales of glass steel, composite materials, raw materials, resin, and other products.