On August 9th, Gelunhui reported that Ningxia Building Materials (600449.SH) announced that it has passed the relevant proposals such as the "Proposal of Ningxia Building Materials Group Co., Ltd. on Termination of the Major Asset Restructuring of the Company", which were reviewed and approved during the 25th meeting of the eighth board of directors and the 22nd meeting of the eighth supervisory committee. It was decided to terminate the related matters of the stock-for-stock merger and acquisition of China National Building Material Information Technology Co., Ltd. (referred to as "China Building Information") and the sale of major assets and the raising of supporting funds, and associated transactions.
After the company made the decision to terminate the review of the major asset restructuring and related transactions on the Shanghai Stock Exchange, it held the third temporary meeting of the eighth board of directors and the first temporary meeting of the eighth supervisory committee on January 31, 2024 to review and approve the "Proposal of Ningxia Building Materials Group Co., Ltd. on Continuation of Major Asset Restructuring" and organized relevant parties to actively promote the relevant work of this major asset restructuring. After the resolution to continue the transaction was made, relevant parties actively promoted the relevant work of the transaction, fully communicating, negotiating, and demonstrating the various issues involved in the transaction plan, and combining with the audit decision to continue to implement and pay attention to the issues and opinions raised in the transaction review. Considering the prolonged duration of this transaction and the changes in the macro and industry environment, after comprehensively considering internal and external factors, in order to safeguard the interests of the company and all shareholders, especially small and medium shareholders, through the company's careful research and friendly consultation with all parties, it was decided to terminate this major asset restructuring.
The termination of this major asset restructuring was a decision made after comprehensive consideration of internal and external factors and careful research and friendly consultation with all parties by the company. There is no situation where the company and related parties need to bear relevant breach of contract responsibilities. The termination of the transaction will not have a significant adverse impact on the company's current production and operation activities.