CNBM to boost stake in China Jushi with up to 250m yuan investment

China Jushi's controlling shareholder, China National Building Materials Co., Ltd. (CNBM), has announced a plan to increase its stake in the company. CNBM currently holds 1,169,652,168 shares, representing 29.22% of China Jushi's total share capital. The new plan, spanning from November 28, 2025, to November 27, 2026, aims to purchase additional shares through the Shanghai Stock Exchange's centralized bidding system.

The total investment for this share increase is expected to be no less than CNY 125 million and no more than CNY 250 million, utilizing CNBM's own funds. This move is driven by confidence in China Jushi's future development and long-term investment value, seeking to enhance investor confidence and promote the company's sustained, stable, and healthy growth. CNBM commits not to reduce its holdings in China Jushi during the implementation period.

Previously, between December 7, 2024, and February 17, 2025, CNBM increased its holdings by 89,913,017 shares, representing 2.25% of China Jushi's total share capital, with a cumulative investment of CNY 99,999,600. The company states that the current plan will not lead to a change in China Jushi's controlling shareholder or actual controller.