非執行董事辭任 中國建材股份有限公司（「本公司」）於二零二五年十月二十一日收到沈雲剛先生（「沈先 生」）的辭呈，因中國信達資產管理股份有限公司已不再持有本公司股份，沈先生辭任本 公司非執行董事，自二零二五年十月二十一日起生效。 沈先生確認其與本公司董事會（「董事會」）並無意見分歧，亦概無有關其辭任的其他事項 須提請本公司股東垂注。 沈先生在擔任本公司董事期間，始終熱情、專業及投入地履行董事職責，促進本公司高 質量發展。 本公司及董事會謹此對沈先生在任職期間為本公司所作的寶貴貢獻表示衷心的感謝。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告之全部或任何部份內容 而產生或因依賴該等內容而引致之任何損失承擔任何責任。 承董事會命 中國建材股份有限公司 裴鴻雁 董事會秘書 中國，北京 二零二五年十月二十一日 - 1 - 於本公告日期，本公司之董事會成員包括執行董事周育先先生、魏如山先生、王兵先生 及苗小玲女士，非執行董事王于猛先生及陳紹龍先生，及獨立非執行董事孫燕軍先生、 劉劍文先生、周放生先生、李軍先生及夏雪女士。 * 僅供識 ...

Group 1 - China National Building Material (CNBM) shares rose over 6%, reaching HKD 5.99 with a trading volume of HKD 136 million [1] - The company issued a profit warning, expecting a profit of approximately RMB 2.95 billion for the nine months ending September 30, 2025, compared to a loss of RMB 684 million in the same period last year [1] - The expected profit increase is attributed to lower sales costs of cement and ready-mixed concrete, higher selling prices and lower costs of fiberglass, increased sales of wind turbine blades and coatings, higher profits from joint ventures, and increased net income from fair value changes of financial assets [1][1][1] Group 2 - The Ministry of Industry and Information Technology held a meeting to discuss growth stability in the cement industry, emphasizing the role of leading enterprises in implementing capacity replacement and regulation policies [1] - By the end of 2025, companies are required to develop capacity replacement plans for excess registered capacity, promoting alignment between actual and registered capacity [1] - Industry associations are encouraged to enhance self-discipline, conduct supply-demand balance research, organize staggered production, and provide average cost research to assist operators in reasonable pricing and prevent unfair competition [1][1][1]

Group 1 - China National Building Material (03323.HK) has seen a stock price increase of over 6%, currently up by 6.02% at HKD 5.99 [1] - The trading volume for the stock reached HKD 136 million [1]

Group 1 - China National Building Material (03323) shares rose over 6%, currently up 6.02% at HKD 5.99, with a trading volume of HKD 136 million [1] - The company issued a profit warning, expecting a profit of approximately RMB 2.95 billion for the nine months ending September 30, 2025, compared to a loss of approximately RMB 684 million in the same period last year [1] - The expected profit increase is primarily due to lower sales costs of cement and ready-mixed concrete, higher sales prices and lower costs of fiberglass, increased sales of wind turbine blades and coatings, higher profits from joint ventures, and increased net income from changes in the fair value of financial assets recognized in profit or loss, partially offset by a decline in cement sales [1] Group 2 - The Ministry of Industry and Information Technology held a meeting to discuss growth stability in the cement industry, emphasizing the role of leading enterprises in implementing capacity replacement and regulation policies [1] - By the end of 2025, companies are required to develop capacity replacement plans for excess registered capacity, promoting alignment between actual and registered capacity [1] - Industry associations are encouraged to enhance self-regulation, conduct supply-demand balance research, organize staggered production in the cement industry, and provide average cost research to assist operators in reasonable pricing, preventing unfair competition such as selling below cost [1]

Core Viewpoint - China National Building Material (03323) has successfully completed the issuance of its sixth phase of technology innovation perpetual corporate bonds aimed at professional investors, with a total issuance amount of 2.1 billion yuan and a subscription multiple of 2.55, while the final coupon rate is set at 2.10% [1] Summary by Categories Issuance Details - The issuance of the sixth phase of technology innovation perpetual corporate bonds was completed on October 16, 2025 [1] - The actual issuance amount for this bond type was 2.1 billion yuan [1] - The subscription multiple for the bonds was 2.55 [1] - The final coupon rate for the issued bonds was 2.10% [1] - The second bond type was not issued [1]

Core Viewpoint - China National Building Material (CNBM) successfully completed the issuance of its sixth phase of technology innovation perpetual corporate bonds aimed at professional investors, raising a total of 2.1 billion yuan with a subscription multiple of 2.55 and a final coupon rate of 2.10% [1] Group 1 - The total actual issuance amount for the bonds was 2.1 billion yuan [1] - The subscription multiple for the bonds was 2.55, indicating strong investor interest [1] - The final coupon rate set for the bonds was 2.10% [1] Group 2 - The second type of bonds in this issuance was not actually issued [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 海外監管公告 2025年面向專業投資者公開發行科技創新可續期公司債券 （第六期）發行結果公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 承董事會命 中國建材股份有限公司 裴鴻雁 董事會秘書 中國，北京 二零二五年十月十六日 於本公告日期，本公司之董事會成員包括執行董事周育先先生、魏如山先生、王兵先生 及苗小玲女士，非執行董事王于猛先生、沈雲剛先生及陳紹龍先生，及獨立非執行董事 孫燕軍先生、劉劍文先生、周放生先生、李軍先生及夏雪女士。 * 僅供識別 中国建材股份有限公司 （ 在 中 華 人 民 共 和 國 註 冊 成 立 的 成 員 責 任 有 限 的 股 份 有 限 公 司 ） 本期债券采取网下面向专业机构投资者询价配售的方式发行，发行工作已于 2025 年 10 月 16 日结束。本期债券品种一实际发行金额 21 亿元，认购倍数 2.55， 最终票面利率为 2.10%；品 ...

Group 1 - The core viewpoint is that the cement industry is facing significant operational pressure due to low prices, despite a mild recovery in market demand and ongoing production adjustments by companies [1][2] - To improve profitability, cement companies are actively raising prices, with some leading firms in Zhejiang planning to increase prices by 30 yuan/ton starting October 15 [2] - The national average cement price in September was 338 yuan/ton, showing a slight month-on-month increase, while the gross profit per ton for cement companies was 58 yuan, indicating a positive trend in the industry [2][3] Group 2 - In the first half of 2025, the cement sector achieved revenues of 118.1 billion yuan, a year-on-year decrease of 7.7%, but net profit increased significantly by 1487% to 5.2 billion yuan [3] - The cement industry's fundamentals may have reached a turning point, with supply-side production restrictions and demand-side infrastructure support expected to lead to gradual improvements in the second half of the year [3] - Related Hong Kong-listed companies in the cement and building materials sector include China National Building Material, Conch Cement, Huaxin Cement, China Resources Cement Technology, and Western Cement [4]

Group 1 - The core viewpoint is that the cement industry is facing significant operational pressure due to low prices and fluctuating demand, prompting companies to raise prices to improve profitability [1][2]. - The Ministry of Industry and Information Technology, along with other departments, has issued a plan to stabilize growth in the building materials industry, which includes strict control over cement and glass production capacity [1]. - In Zhejiang, there has been a slight recovery in market demand, but prices remain low, leading to increased operational pressure for companies [1]. Group 2 - In September, the national average cement price was 338 yuan/ton, with a month-on-month increase of 2 yuan/ton, and the gross profit per ton for cement companies was 58 yuan, up by 3 yuan [2]. - The cement sector reported revenues of 118.1 billion yuan in the first half of 2025, a year-on-year decrease of 7.7%, but net profit increased significantly by 1487% to 5.2 billion yuan [2]. - Analysts believe that the cement industry's fundamentals may have reached a turning point, with expectations of gradual improvement in the second half of the year due to supply-side restrictions and demand support from infrastructure projects [2]. Group 3 - Related Hong Kong-listed companies in the cement and building materials sector include China National Building Material, Conch Cement, Huaxin Cement, China Resources Cement Technology, and Western Cement [3].

Market Overview - The Hong Kong stock market experienced a strong rebound after seven consecutive declines, with the Hang Seng Index rising 1.84% to 25,910.60 points and a total trading volume of HKD 315.81 billion [1] - Market sentiment is expected to show a "first suppress then rise" trend in the short term, with a potential slow bull market in the medium to long term as multiple marginal benefits accumulate [1] Blue-Chip Stocks Performance - Alibaba (09988) saw a notable increase of 3.86%, closing at HKD 161.6, contributing 90.84 points to the Hang Seng Index [2] - Other blue-chip stocks such as China Life (02628) and JD Health (06618) also performed well, rising 6.02% and 5.82% respectively [2] Sector Highlights - Large technology stocks collectively rebounded, with Alibaba up nearly 4%, Baidu up 2.74%, and Tencent up nearly 1% [3] - The consumer sector was strong, driven by domestic demand expectations and the upcoming "Double 11" shopping festival [3] - Gold stocks surged following the spot gold price surpassing USD 4,200 per ounce, with companies like Zhenfeng Gold (01815) rising 24.21% [5] Chip Sector Developments - Semiconductor stocks generally rose, with notable increases in companies like Jingmen Semiconductor (02878) and Huahong Semiconductor (01347) [6] - The Bay Area Semiconductor Industry Ecological Expo showcased advancements in domestic electronic engineering design software, enhancing industry competitiveness [6] New Listings and Rumors - Xuan Bamboo Biotechnology (02575) debuted with a significant increase of 126.72%, closing at HKD 26.3 [7] - Sanhua Intelligent Control (02050) rose 12.92% amid rumors of a substantial order from Tesla, although the company is verifying the information [8] Earnings Reports - China National Building Material (03323) issued a profit warning, expecting a profit of approximately RMB 2.95 billion for the nine months ending September 30, 2025, compared to a loss of RMB 684 million in the same period last year [10]