Approved by China Securities Regulatory Commission (CSRC [2017]1554), China National Building Material Company Limited wasallowed to issue publicly renewable corporate bonds (issued on the ShanghaiStock Exchange,) to eligible investors no more than 20 billion yuan (including20 billion yuan). The Chongqing Office of Tahota Law Firmprovided special legal services for the issuance of this renewable companybond. The bond was issued by six large securities companies as underwritinginstitutions, among which CITIC Securities was the leading underwriter, andCITIC Construction Investment, Haitong Securities, Ping An Securities,Southwest Securities, and Intersea Securities were the joint underwriters. InOctober 12, 2017, according to China National BuildingMaterial Company Limited's Announcement of the Issuance of Renewable CorporateBond (phase I) in 2017issued by ChinaNational Building Material Company Limited and its main underwriter, He Yanand Cheng Bo, lawyers of Chongqing Office of Tahota Law Firm, witnessed thecompliance of the issuance process and distributionbehavior of the renewable company bond (phase I) and issued a legalopinion.

The registered capital of China National BuildingMaterial Company Limited is 539902.626200 yuan RMB. It is the coreenterprise of China National Building Material Company Limited, which is thecentral enterprise of large building materials, and the leading enterprise inChina's building materials industry. It was listed on the Hongkong StockExchange on March 23, 2006, which mainly engages in cement, light buildingmaterials, glass fiber and composite materials, and engineering services, aswell as an auxiliary business (including logistics, trade, investment, housingindustrialization supporting).

The signature lawyers for China National BuildingMaterial Company Limited's Announcement of the Issuance of Renewable CorporateBond (phase I) in 2017 project are He Yan lawyer and Cheng Bo lawyer. Thelawyers of Tahota Law Firm provides the whole legal service for the publicissuance of renewable corporate bond (phase I) in 2017 of China NationalBuilding Material Company Limited, and provides a legal opinion for thecompliance of the issuance process anddistribution behavior of the renewable company bond (phase I). The lawyers of Tahota Law Firm' professional,professional and efficient legal services have been highly recognized bycustomers and other intermediaries.