JiaYuan represented PRC state-owned enterprise Sinoma International Engineering Co., Ltd., (“Sinoma”, otherwise known as China National Materials Company Limited) on its US$540 million (HK$4.19 billion) global initial public offering and listing on the Main Board of the Hong Kong Stock Exchange. Sinoma is the only fully integrated company in the non-metals materials industry in China and ranks as one of the five largest producers of glass fiber in the world and third largest in China. It has a 90 percent market share in China’s cement equipment and engineering sector.