CNBM announces renewals for connected transactions and framework agreements

China National Building Material (CNBM) has announced the renewal of master agreements with its Parent Group for the mutual provision of products, services, and engineering services. These agreements are effective January 1, 2026, for three years. The Parent Group, a controlling shareholder, will supply raw materials, commodities, and various services to CNBM, while CNBM will provide similar products and services to the Parent Group.

Additionally, CNBM entered a new Financial Services Framework Agreement with Finance Company for deposit, loan, and other financial services, also for a three-year term commencing January 1, 2026.

These transactions are continuing connected transactions under Listing Rules, with some exceeding 5% of applicable percentage ratios, requiring independent shareholder approval. The deposit services under the Financial Services Framework Agreement also constitute a major transaction. An EGM to approve these transactions and their proposed annual caps is scheduled for Friday, October 24, 2025, at 2:00 p.m. in Beijing.

Proposed annual caps for product and services purchases from the Parent Group will rise from RMB16,489.793 million in 2025 to RMB18,305.538 million in 2028. Engineering services procurement caps will be RMB5,472.899 million in 2028, and maximum daily deposit balances with Finance Company are projected to increase to RMB32,600.000 million by 2028.