Review process of major asset restructuring

Reporting procedure: After the resolution of major asset restructuring is made and announced at the shareholders' meeting, the listed company shall prepare the reporting documents in accordance with Article 23 of the Measures for the Administration of Major Asset Restructuring of Listed Companies (hereinafter referred to as the Measures) and the Standards for Contents and Forms of Information Disclosure of Companies Offering Securities to the Public No.26-Reporting Documents for Major Asset Restructuring of Listed Companies (hereinafter referred to as the Standards No.26), and entrust an independent financial consultant to invest in CITIC Construction within three working days. The application materials include written materials in triplicate (one original and two copies) and electronic versions. The supervision department of listed companies of China Securities Regulatory Commission (hereinafter referred to as the listing department of the CSRC) shall, after receiving the application materials transferred from the acceptance office, make a decision on whether to accept or issue a notice of correction within 5 working days. If the rectification notice requires the listed company to make a written explanation, the listed company and the independent financial adviser shall make a written reply within 30 working days from the date of receiving the rectification notice. If it fails to provide a complete and compliant reply within the time limit, the listed company shall make an announcement on the progress of this major asset restructuring and the specific reasons for failing to provide a reply in time on the day after the due date.