China Building Materials Basic Building Materials Plate's First Overseas Investment Merger and Acquisition Project Officially Landed, Sinoma Cement Tunisia Project Successfully Completed Equity Delivery

Recently, Sinoma Cement Co., Ltd. (Hereinafter referred to as Sinoma Cement) and China-Africa Development Fund Co., Ltd. jointly invested and established Sinoma Cement (Middle East) Investment Co., Ltd. and successfully completed the LES CIMENTS DE JBEL of SOCI SOCIÉTÉ, a well-known cement enterprise in Tunisia. The 100% equity acquisition of OUST (hereinafter referred to as Sinoma Cement Tunisia Project) marks the formal landing of the first overseas investment M & a project in the basic building materials sector of China's building materials industry, realizes the important layout in the North African market, and contributes to the further promotion of friendship between China and Tunisia. Promote high-quality joint construction of "Belt and Road" to go deep and solid.

The investment merger and acquisition cooperation strictly followed the regulatory requirements of the relevant departments of the two countries, received high attention and support from the relevant government departments of the two countries, and finally achieved smooth delivery through negotiation, project review, project filing and other links. Sinoma Cement Tunisia Project is the largest single direct investment of Chinese enterprises in Tunisia in recent years. As the third largest cement enterprise in Tunisia, it has an annual production capacity of 1.5 million tons of cement and 1.6 million tons of aggregate, which has created more employment opportunities for the local people and made positive contributions to tax revenue. It has promoted the local economic and social development. The successful landing of the project is a solid step in the internationalization of the basic building materials sector, which demonstrates the efforts and achievements of China Building Materials in continuously promoting international capacity cooperation, strengthens the confidence of overseas development of basic building materials, and lays a solid foundation for the implementation of China Building Materials "Ten-year Overseas Reengineering" strategy.

In the next step, Sinoma Cement will rely on the advanced experience of China Building Materials in cement production, technical equipment and market operation, with the goal of optimizing production efficiency and improving product quality, to upgrade the Tunisian plant in an all-round way. At the same time, Sinoma Cement will adhere to the concept of "making good use of resources to serve construction" and the "three principles" of win-win overseas cooperation, devote itself to promoting the green and sustainable development of Tunisia's building materials industry, and contribute more to the development of bilateral economic and trade cooperation.