On February 22nd, China Business Law Journal announced its "Deals of the Year 2021" and CNBM’s Tianshan Cement restructuring project, with the underlying assets as high as 98.1 billion yuan, was selected in the list.

Considering the importance, complexity, innovation and transaction scale of each project, China Business Law Journal selects the representative deals of the year upon in-depth and extensive research and survey. Tianshan Cement's project of issuing shares and paying cash to purchase assets and raising matching funds, with the largest transaction scale as high as 98.1 billion yuan among the projects of issuing shares and purchasing assets by A-share listed companies, was successfully selected.