Core Viewpoint - China National Building Material Group's wholly-owned subsidiary, China National Building Material United Investment Co., Ltd., has entered into a share subscription agreement with its non-wholly-owned subsidiary, China National Materials Technology Co., Ltd., for a cash placement of new shares totaling approximately RMB 820 million, aimed at funding project and operational capital needs [1] Group 1 - The share subscription agreement is set to be executed on September 28, 2025 [1] - The cash subscription by China National Building Material United Investment will amount to approximately RMB 820 million [1] - The proceeds from the placement will primarily be used for project and operational funding requirements of China National Materials Technology [1]