$China National Building Material (03323.HK) $It was announced that the holding subsidiary of Sinopec and General Institute of Building Materials, Beixin Building Materials and Sinomaterials Hi-Tech shares Wang Defang agreed to increase the company's non-wholly owned subsidiary "Sinopec Hi-tech" in accordance with 4.69 yuan per share (the same below). Increase the total capital of 979 million yuan. After the completion of this increase, the cost of high-tech production of Sinopec will increase from 167 million yuan to 376 million yuan. The rights of high-tech shares held by the company, Sinopec, General Institute of Building Materials, Beixin Building Materials and Wang Defang will be 44.33%, 26.56%, 28.35%, 0.41% and 0.35%, respectively.

At the same time, Zhongliang transferred its stock ownership plan of 26.56% of Sinopec Hi-Tech to the General Building Materials Institute, thus turning it into a holding company of Sinopec High-tech, holding 54.91% of its stock rights. According to this, Sinopec High and New Technology will no longer be an affiliated company of the company, but will become a subsidiary company of the company. The increase will reduce the proportion of the company's shareholding in Sinopec Hi-Tech from about 99.65% to 44.74%, forming a sale.