On January 13, Tianshan Material Co., Ltd. announced that its subsidiaries at all levels were integrated into regional management companies by means of equity transfer/acquisition, transfer, capital increase/reduction and new establishment according to regional division. As of the disclosure date of this announcement, the Company has completed the internal business integration and structural adjustment.
At present, the legal entities of 15 regional management companies affiliated to the Company have been directly held by Tianshan Cement:
1. China United Cement : China United Cement Group Co., Ltd. is the main body to manage related subsidiaries, and its current registered capital is RMB 10 billion. Before and after the integration, Tianshan shares hold 100% equity.
2. Henan Tianshan: Henan Tianshan Materials Co., Ltd. (Formerly known as Henan Zhonglian Tongli Materials Co., Ltd.) Is the main body to manage the relevant subsidiaries. Its current registered capital is 10 billion yuan. Before the integration, China United Cement Group Co., Ltd. held 60% of the equity, and after the integration, Tianshan shares held 60% of the equity.
3. Southern Cement: Based on this integration, Southern Cement Co., Ltd. will absorb and merge Shanghai Southern Cement Co., Ltd. to manage relevant subsidiaries. The current registered capital of Southern Cement Co., Ltd. is about 11.014 billion yuan, and Tianshan Cement Co., Ltd. holds 100% equity before and after this integration.
4. Zhejiang Cement: Zhejiang Southern Cement Co., Ltd. is the main body to manage the relevant subsidiaries. Its current registered capital is 4.5 billion yuan. Before the integration, Southern Cement Co., Ltd. held 100% of the equity. After the integration, Tianshan Cement Co., Ltd. held 100% of the equity.
5. Jiangxi Cement: Jiangxi Southern Cement Co., Ltd. is the main body to manage the relevant subsidiaries. Its current registered capital is 3 billion yuan. Before the integration, Southern Cement Co., Ltd. held 100% of the equity. After the integration, Tianshan Cement Co., Ltd. held 100% of the equity.
6. Zhongnan Cement: Hunan Southern Cement Group Co., Ltd. is the main body to manage relevant subsidiaries. Its current registered capital is 5 billion yuan. Before the integration, Southern Cement Co., Ltd. held 100% of the equity. After the integration, Tianshan Cement Co., Ltd. held 100% of the equity.
7. Sinoma Cement : It is an overseas business platform company with Sinoma Cement Co., Ltd. as the main body and managing related subsidiaries. Its current registered capital is 10 billion yuan, 60% of which is held by Tianshan Cement. China National Materials International Engineering Co., Ltd. holds 40% equity.
8. Southwest Cement : With Southwest Cement Co., Ltd. as the main body, it manages the relevant subsidiaries. Its current registered capital is about 11.673 billion yuan. Before this integration, Tianshan Cement Co., Ltd. held 95.72% of the equity. After the completion of this integration, Tianshan shares hold 100% equity.
9. Yunnan Cement: Yunnan Tianshan Cement Co., Ltd. (Formerly known as Yunnan Southwest Cement Co., Ltd.) Is the main body to manage relevant subsidiaries. Its current registered capital is 5 billion yuan. Before this integration, Southwest Cement Co., Ltd. held 100% of the equity. After the completion of this integration, Tianshan shares hold 100% equity.
10. Guizhou Cement: Guizhou Tianshan Cement Co., Ltd. (Formerly known as Guizhou Southwest Cement Co., Ltd.) Is the main body to manage relevant subsidiaries. Its current registered capital is 5 billion yuan. Before the integration, Southwest Cement Co., Ltd. held 100% of the equity, and after the integration, Tianshan Cement Co., Ltd. held 100% of the equity.
11. Jiahua Special Water: It is a special cement business platform company with Jiahua Special Cement Co., Ltd. as the main body and managing related subsidiaries. Its current registered capital is about 132 million yuan. Before this integration, Southwest Cement Co., Ltd. held 89.51% of the equity. After the completion of this integration, Tianshan shares hold 89.51% of the shares.
12. Xinjiang Cement : Xinjiang Tianshan Cement Co., Ltd. is the main body to manage the relevant subsidiaries. Its current registered capital is 5 billion yuan. Before and after the integration, Tianshan Cement Co., Ltd. holds 100% of the equity.
13. Sanshi Materials: Zhejiang Sanshi Nanfang New Materials Co., Ltd. is the main body to manage relevant subsidiaries. It is a commercial mixing business platform company with a registered capital of 1 billion yuan. Before the integration, 90% of the equity was held by Nanfang Cement Co., Ltd. and after the integration, 90% of the equity was held by Tianshan Cement Co., Ltd.
14. South China Materials: With South China New Material Technology Co., Ltd. as the main body, it manages related subsidiaries and is a platform company for aggregate and commercial mixing business. Its current registered capital is 3 billion yuan. Before this integration, South China Cement Co., Ltd. and its wholly-owned subsidiary, South China Cement Assets Management Co., Ltd., held 80% of the total equity. After the completion of this integration, Tianshan shares hold 80% of the equity.
15. Huadong Materials: With Huadong Materials Co., Ltd. as the main body, it manages relevant subsidiaries and is a platform company for aggregate and commercial mixing business. Its current registered capital is 10 billion yuan, and Tianshan Co., Ltd. holds 100% equity before and after the integration. The shareholding structure chart of the above 15 regional management companies before and after
the integration is as follows:
Before the integration:
After the integration:
