China National Building Material renews key connected transactions, financial agreements

On August 28, 2025, China National Building Material Company Limited (the "Company") renewed several framework agreements for continuing connected transactions with its parent group. These agreements, effective from January 1, 2026, to December 31, 2028, cover mineral purchases, mutual provision of products and services, equipment, engineering services, and housing leasing. Many of these transactions will require independent shareholders' approval due to applicable percentage ratios exceeding 5%.

The company also renewed its financial services framework agreement with Finance Company for the same three-year period. Deposit services under this agreement will constitute a major transaction, with proposed new maximum daily deposit caps reaching RMB26,600 million for 2026, RMB29,700 million for 2027, and RMB32,600 million for 2028. These services will be subject to reporting, announcement, and independent shareholders' approval requirements.

Additionally, Ningxia Building Materials, a subsidiary, entered into a fund lending framework agreement with Saima IOT, with a maximum daily loan balance of RMB300 million. This transaction is exempt from independent shareholders' approval but subject to reporting and announcement requirements. An independent board committee has been established, and Gram Capital Limited appointed as the independent financial adviser for the shareholder-approved transactions.