CNBM subsidiary to invest $820m in Sinoma Science & Technology share placing

China National Building Material Company Limited announced that its wholly-owned subsidiary, CNBM United Investment Co. Ltd., will subscribe for new shares in Sinoma Science & Technology Co. Ltd. through a proposed placing. The Indicative Share Subscription Agreement was signed on September 28, 2025, with CNBM United Investment committing to a total cash subscription of RMB820.1492 million.

The proceeds from this proposed placing are primarily intended to fund Sinoma Science & Technology's projects and working capital. The issue price will be determined based on an average trading price, not lower than 80% of the 20 trading days prior to the issue price reference date, and not below the latest audited net asset value per share. CNBM United Investment will accept the inquiry results from other investors for the issue price.

The effectiveness of the agreement is contingent upon various approvals, including from Sinoma Science & Technology's board and shareholders, state-owned asset authorities, the Shenzhen Stock Exchange, and registration approval from the CSRC. A lock-up period of 18 months will apply to the subscribed shares for CNBM United Investment.