From bankruptcy to rebirth! The cement company changed its name to achieve nirvana.

According to the official website of Yaobai Group, on June 5, Kangding Company held a grand brand renewal and product promotion conference in Kangding City. This event focuses on the three themes of "brand upgrading, product innovation and win-win cohesion", effectively gathering government, enterprise and industry resources, marking a new stage of brand building and market expansion. Wang Rui, Vice Chairman

of Yaobai Group, stressed that the Group will continue to cultivate the western Sichuan market, adhere to green development and quality-oriented, deepen government-enterprise collaboration, and work with partners to create a new win-win situation. Zhang Yiwu, manager

of Kangding Company, reviewed the company's successful completion of bankruptcy reorganization, revitalization of assets and acquisition of mine resources with the support of the government, thus breaking through the bottleneck of development and realizing the rebirth of Nirvana , and expressed sincere thanks to governments at all levels and partners.

It is understood that in 2020, Yaobai Group plans to acquire 97.5% of Kangding Paomashan Cement Co., Ltd. for about 729 million yuan, and eventually acquire 55% of the shares and become the controlling shareholder. A 2500t/d clinker production line of

the company was put into operation in May 2020, and then the production line was shut down for a long time due to the lack of self-owned mines and the high cost of raw material outsourcing. The operation continued to deteriorate and fell into serious insolvency . On July 10,

2023, the People's Court of Kangding City decided to accept the company's application for bankruptcy liquidation; on July 18, 2024, the court transferred the case to bankruptcy reorganization procedure according to law. In May

2025, the company's equity was changed to Kangding Xinluchuan Environmental Protection Co., Ltd., a Yaobai enterprise, and the change of shareholders and debt restructuring were successfully completed. In

May 2026, Kangding Paomashan Cement Co., Ltd. completed the industrial and commercial change, officially changed its name to Kangding Yaobai New Materials Co., Ltd. and held a brand renewal conference in June.