With Parent, BNBMG, CNBM Trading, Cinda and Building Materials Academy as Promoters, China National Building Material Company Limited (CNBM) was converted into a joint stock limited company on 28 March 2005 upon the approval from the State Council. The Company’s H shares under the initial public offer were listed on the Stock Exchange on 23 March 2006 (Stock name: China National Building Material; Stock Code: 3323).

The Group is mainly engaged in cement, lightweight building materials, glass fiber and FRP products and engineering services businesses. Its business scope takes a leading place in China.

The company has been persisting capital operation and consolidation and restructuring as two drives since its foundation. As regards the current market positions (in terms of the production capacity in 2007), the Group is the second largest cement producer in PRC; the largest gypsum board producer in the PRC;; the largest glass fiber producer in PRC through China Fiberglass, an associate of the Company; the largest manufacturer of 1.5 MW-level rotor blade in the PRC; and the largest international engineering firm that provides float glass production lines and cement production lines.

With Utilization of Capital Market, approximately 150 million H shares were placed on 9 August 2007, and net capital raised was approximately HKD2.657 billion. The company issued 1 billion Yuan ten-year security in April 2007, which laid the foundation for further consolidation and restructuring.

The company has succeeded in capital operation and consolidation and restructuring. It has accumulated rich experience, especially the consolidation and restructuring of cement industry has gained great support from the National Development and Reform Commission, State-owned Assets Supervision and Administration Commission of the State Council, local governments, and industry associations. Strategic development of cement segment has efficiently implemented. The business scope of cement segment in two most important strategic areas, Huaihai Economic Zone and Southeast Economic Zone, has rapidly expanded. Until the end of 2007, two subsidiaries, CUCC and South Cement Company, have become the leading enterprises in the region.

The company has actively implemented internationalization strategy and gained considerable achievements. It has acquired NOI German and set up oversea company SINOI, which engines production capacity expansion and technology importation of large power rotor blade. At the same time, the market share of international cement and float glass engineering and service has been rising, and the international competitiveness has been increasing.

The company has grown through consolidation and restructuring. In order to maximize enterprise effectiveness, the company considers the requirements of international investors, fully implements corporate governance, and sets up corporate governance structure. It also formed “Three 5” management operation mode, that is “Five N”, i.e., integration, patternization, institutionalisation, processization and digitalisation. " Five C " (five centralisations) , i.e., marketing centralisation, procurement centralisation, financial centralisation, technical centralisation, investment decision-making centralisation. " Five I" (five indices), i.e., net profit index, selling price and sale volume index, cost index, cash flow index, gearing ratio index. Inforce strategic management, investment management, capital management, and KPI mangement. Companies of grassroots units are the cost center. Business segments are the profit center. The company is the investment center. It also set up systematic performance culture; make continuous improvement; motivate unity of brand, procurement centralisation, and collaborative sales; decrease production costs, and increase economic efficiency.

The company’s development strategy, management team, corporate culture, business achievements, and high-quality of growth have gained positive evaluation in the industry and by investors after public listed two years ago. In early 2008, the company is included in HSCEI Index.

In the future, the company is going to perform under the direction of scientific concept of development, speed up consolidation and restructuring, push energy saving and reduction of emission. The company aims to provide high benefits to shareholders, to be a top international building material manufacture with high social responsibility, and contribute to the development of China’s building material industry.