Ningxia Building Materials Holds the First Provisional Shareholders' Meeting in 2023

On August 15, the first provisional shareholders'meeting of Ningxia Building Materials in 2023 was held in the conference room on the 16th floor of the company. The shareholders' general meeting adopted a combination of on-site and online voting. A total of 466 shareholders attended the shareholders' general meeting, including 1 shareholder who participated in on-site voting and 465 shareholders who participated in online voting. The meeting was chaired by Wang Yulin, the chairman of the Company, and attended by the directors, supervisors and senior management of the Company. Jin Jing and Li Feiran, lawyers of Guohao Law Firm (Yinchuan), made on-site verification for the shareholders'meeting.

The shareholders' general meeting mainly considered the major asset reorganization proposal of the company's share exchange, absorption and merger of CNBM Information Technology Co., Ltd. and the disposal of major assets and the raising of supporting funds. By the resolution of the shareholders'meeting, 28 major asset reorganization bills involved in this meeting were passed by a high vote, with a passing rate of more than 95%. After the completion of the reorganization, the company's main business will change, and the controlling rights of the original clinker , cement, commercial concrete and aggregate related assets will be fully integrated by Tianshan shares. The company will integrate the high-quality assets of digital and information services within China Building Materials Group, such as China Construction Information and Horse Racing Federation of Things, and adjust its positioning to an enterprise-level ICT ecosystem service platform. Its main business includes value-added distribution of ICT products, cloud and digital services, intelligent logistics, etc. The proposal of this

meeting was passed by a high vote, which fully reflects the affirmation of market investors for this major asset reorganization plan and the recognition of the company's digital transformation development strategy.

The Material Asset Reorganization is subject to the approval of the Shanghai Stock Exchange and the approval of the CSRC for registration.