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北 京 金 隅 集 團 股 份 有 限 公 司 BBMG Corporation* (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2009)

OVERSEAS REGULATORY ANNOUNCEMENT ANNOUNCEMENT ON PROGRESS OF THE MATTERS IN RELATION TO THE INJECTION OF THE RELEVANT ASSETS OF THE CEMENT AND OTHER BUSINESSES OF THE COMPANY INTO JIDONG CEMENT CO., LTD.

This announcement is made by BBMG Corporation* (the “Company”) pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

I. The fundamentals and preliminary progress of asset injection

BBMG Corporation* (hereinafter referred to as the “Company” or “BBMG Group”) and Tangshan Jidong Cement Co., Ltd. (hereinafter referred to as “Jidong Cement”) intend to jointly form BBMG Jidong Cement (Tangshan) Co., Ltd. (hereinafter referred to as the “Joint Venture Company”) by contributions made respectively in form of the equity interests in 10 companies including BBMG Cement Trading Co., Ltd. held by the Company, and the equity interests in 20 companies including Jidong Cement Luan County Co., Ltd. and the assets of 2 branch companies including Tangshan Jidong Cement Co., Ltd. held by Jidong Cement, while Jidong Cement will own the controlling interests of the Joint Venture (hereinafter referred to as the “Transaction”).

The Transaction was considered and approved by the twenty-fifth meeting of the fourth session of the board of directors, the twenty-sixth meeting of the fourth session of the board of directors and the 2018 first extraordinary general meeting of the Company, For details, please refer to the

- 1 - relevant announcements published on China Securities Journal, Shanghai Securities News, Securities Times, Securities Daily and the website of Shanghai Stock Exchange (www.sse.com.cn) by the Company on 29 December 2017, 8 February 2018 and 30 March 2018 respectively.

On 28 March 2018, the Company received the approval letter from The Stock Exchange of Hong Kong Limited in relation to the Transaction, obtaining its consent for the implantation of the Transaction by the Company.

On 10 May 2018, the Company received the “Decision on No Prohibition in Relation to the Anti-monopoly Inspection of the Concentration of Undertakings” (經營者集中反壟斷審查不予 禁止審查決定書) (Fan Long Duan Shen Cha Han [2018] No.2) (反壟斷審查函[2018]第2號) dated 4 May 2018 issued by the Anti-monopoly Bureau under the State Administration for Market Regulation, which, upon inspections, determined to lift the prohibition on the case of formation of the Joint Venture Company by the Company and Jidong Cement and to approve its implementation from the same date. The Transaction passed the anti-monopoly inspection accordingly.

On 31 May 2018, Jidong Cement received the “Reply as the Approval on the Substantial Asset Restructure of Tangshan Jidong Cement Co., Ltd” (關於核准唐山冀東水泥股份有限公司重大 資產重組的批復) (Zheng Jian Xu Ke [2018] No.887) (證監許可[2018]887號) from the China Securities Regulatory Commission, which granted approval for the Transaction. All the decision making processes in respect of the Transaction have been performed and completed. The necessary relevant approvals or authorizations have all been obtained. There is no outstanding decision making processes or pending approvals or authorizations.

On 1 June 2018, the Joint Venture Company obtained the business license issued by the Tangshan Administrative Examination and Approval Bureau (). The official name of the company is BBMG Jidong Cement (Tangshan) Co., Ltd.. The unified social credit code is 91130221MA097UW76T.

II. The latest progress of asset injection

On 21 June 2018, Tangshan Jidong Cement Co., Ltd. (Tangshan branch) and Tangshan Jidong Cement Co., Ltd. (Marketing Branch) have completed the change of industrial and

- 2 - commercial registration. Jidong Cement has completed the contributions to the Joint Venture Company in form of the assets of branch companies.

On 26 July 2018, the equity interests in 10 companies including BBMG Cement Trading Co., Ltd. held by the Company and the equity interests in 20 companies including Jidong Cement Luan County Co., Ltd. held by Jidong Cement were fully transferred to the Joint Venture Company. The change of relevant industrial and commercial registration was also completed, details of which were set out below:

Percentage of shareholding held No. Name of company by the Joint Venture Company BBMG Cement Trading Co., Ltd. 1 100.00% (北京金隅水泥經貿有限公司) BBMG Dingxin Cement Co., Ltd. 2 100.00% (河北金隅鼎鑫水泥有限公司) BBMG Taihang Cement Co., Ltd. 3 92.63% (邯鄲金隅太行水泥有限責任公司) Quyang Jinyu Cement Co., Ltd. 4 90.00% (曲陽金隅水泥有限公司) BBMG Cement Co., Ltd. 5 85.00% (承德金隅水泥有限責任公司) Guangling Jinyu Cement Co., Ltd. 6 100.00% (廣靈金隅水泥有限公司) Bo’ai BBMG Cement Co., Ltd. 7 95.00% (博愛金隅水泥有限公司) Siping BBMG Cement Co., Ltd. 8 52.00% (四平金隅水泥有限公司) Beijing BBMG Mangrove Environmental Protection 9 Technology Co., Ltd. 51.00% (北京金隅紅樹林環保技術有限責任公司) Beijing BBMG Cement Energy Technology Co., Ltd. 10 100.00% (北京金隅水泥節能科技有限公司) 11 Jidong Cement Luan County Co., Ltd. 67.5861% (冀東水泥灤縣有限責任公司) 12 Tangshan Jidong Qixin Cement Co., Ltd. 100.00% (唐山冀東啟新水泥有限責任公司) 13 Tangshan Jidong Cement Additive Co., Ltd. 100.00% (唐山冀東水泥外加劑有限責任公司) 14 Tangshan Jidong Cement Sanyou Co., Ltd. 85.02% (唐山冀東水泥三友有限公司) 15 Tianjin Jidong Cement Co., Ltd. 91.00% (天津冀東水泥有限公司) 16 Jidong Cement Co., Ltd. 100.00% (唐縣冀東水泥有限責任公司)

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Percentage of shareholding held No. Name of company by the Joint Venture Company 17 Laishui Jidong Cement Co., Ltd. 100.00% (淶水冀東水泥有限責任公司) 18 Shenzhou Jidong Cement Co., Ltd. 100.00% (深州冀東水泥有限責任公司) 19 Lingshou Jidong Cement Co., Ltd. 59.00% (靈壽冀東水泥有限責任公司) 20 Jidong Cement Co., Ltd. 66.00% (張家口冀東水泥有限責任公司) 21 Datong Jidong Cement Co., Ltd. 100.00% (大同冀東水泥有限責任公司) 22 Jidong Haitian Cement Wenxi Co., Ltd. 60.00% (冀東海天水泥聞喜有限責任公司) 23 Yangquan Jidong Cement Co., Ltd. 100.00% (陽泉冀東水泥有限責任公司) 24 Shanxi Shuangliang Dingxin Cement Co., Ltd. 60.00% (山西雙良鼎新水泥有限公司) 25 Chengde Jidong Cement Co., Ltd. 100.00% (承德冀東水泥有限責任公司) 26 Pingquan Jidong Cement Co., Ltd. 100.00% (平泉冀東水泥有限責任公司) 27 Changli Jidong Cement Co., Ltd. 69.00% (昌黎冀東水泥有限公司) 28 Jidong Cement Yongji Co., Ltd. 100.00% (冀東水泥永吉有限責任公司) 29 Jidong Cement Panshi Co., Ltd. 100.00% (冀東水泥磐石有限責任公司) 30 Jidong Cement Fuyu Co., Ltd. 100.00% (冀東水泥扶餘有限責任公司)

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The Company will continue to strictly comply with the information disclosure obligation in accordance with the requirements of the relevant laws and regulations, and will make announcements on the progress of the relevant matters in a timely manner. The designated media for information disclosure of the Company by way of publishing announcements are Securities Times, Securities Daily, and the website of the Shanghai Stock Exchange (www.sse.com.cn). Investors are advised to pay close attention to the relevant announcements and be cautious of the investment risks involved.

By order of the Board BBMG Corporation* Jiang Deyi Chairman

Beijing, the PRC, 27 July 2018

As at the date of this announcement, the executive directors of the Company are Jiang Deyi, Zeng Jin, Wu Dong and Zheng Baojin; the non-executive directors of the Company are Guo Yanming and Yu Zhongfu; and the independent non-executive directors of the Company are Wang Guangjin, Tian Lihui, Tang Jun and Ngai Wai Fung.

* English translation denotes for identification purposes only

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