Zhitong Financial App News, Ningxia Building Materials (600449.SH) announcement that the company intends to absorb the merger of China Construction Information and raise supporting funds by issuing shares to all shareholders of China Construction Materials Information Technology Co., Ltd. ("China Construction Information"). At the same time, Xinjiang Tianshan cement Co., Ltd. ("Tianshan Co., Ltd.") intends to acquire, by way of cash capital increase, the controlling shares of cement and other related business subsidiaries of Ningxia building materials and the trademarks and other assets related to cement and other related business ("this reorganization"). This reorganization is expected to constitute a major asset restructuring, but also a company related party transactions, this restructuring will not lead to a change in the actual controller of the company.

On April 28, 2022, the board of directors of the company deliberated and adopted the motion related to this reorganization, such as the proposal for Ningxia Building Materials Group Co., Ltd. to convert shares to absorb and merge China Building Materials Information Technology Co., Ltd. And major assets to sell and raise supporting funds and related transactions. Upon application to the Shanghai Stock Exchange, the company's shares will resume trading on Friday, April 29, 2022.