On the evening of May 11, Qilianshan issued an announcement that it intends to dispose of all assets and liabilities of the listed company, and exchange the equivalent part of the 100% equity of the Public Regulation Institute, 100% of the equity of the First Public Court, 100% of the equity of the Second Public Court and the 100% equity of the Southwest Institute of China Urban and Rural Areas, the 100% equity of the Northeast Courtyard and the 100% equity of the Energy Institute, and at the same time issue shares to China Communications Construction and China Urban and Rural Areas to purchase the difference.

Qi Lianshan said that the transaction constitutes a restructuring and listing, and after the completion of the transaction, the controlling shareholder will be changed to CCCC, and the actual controller will be changed to CCCC. Qilianshan shares will resume trading on May 12.

Before this transaction, the main business of the listed company was the research, development, manufacture and sales of cement and commodity concrete, through this transaction, the listed company will withdraw from the cement industry and will engage in engineering design consulting business in the future.

In addition, on the evening of May 11, CCCC releasedExplanation of the background and purpose, commercial reasonableness, necessity and feasibility analysis of the spin-off listing.

CCCC said that the current development of the engineering design consulting industry is in a critical period of transformation of high-quality development. This spin-off and listing is conducive to promoting the design sector to focus on the main business and further improving the core competitiveness of the design business; it is conducive to improving the financing efficiency, capital strength and market influence of the design sector, giving full play to the advantages of the listing platform, and accelerating the realization of strengthening and enlarging; it is conducive to the design institute to carry out market-oriented reforms such as equity incentives and enhance the competitiveness of talents. ( Zheng Haojun)