Jidong Cement announced that the company held the eighteenth meeting of the tenth board of directors on August 8, 2025 to consider and adopt the Bill on the Change of Company Name and Securities Abbreviation. It is proposed to change the name of the company to "Jinyu Jidong Cement Group Co., Ltd." And the abbreviation of securities to "Jinyu Jidong".
The announcement said that after more than 30 years of development, the company has grown from a regional enterprise to a national enterprise covering 13 provinces (autonomous regions and municipalities directly under the Central Government) in the main market, while expanding its overseas business to the northern part of South Africa; Compared with the initial stage of listing, the company's ownership structure has changed greatly. At present, Beijing Jinyu Group Co., Ltd. directly holds 44.34% of the company's shares and indirectly holds 17.22% of the company's shares. The company has become its cement business platform.
In recent years, "BBMG Jidong" has become the customary usage of the company's abbreviation by the company's customers and suppliers. The change of the company's name and securities abbreviation can reduce the cost of external communication, integrate the brand value of "BBMG" and "Jidong", and further empower the company, which is in line with the interests of the company and all shareholders.
To sum up, it is proposed to change the name of the company to "BBMG Jidong Cement Group Co., Ltd.", and to change the securities abbreviation to "BBMG Jidong".
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