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., to raise funds primarily for project and operational needs [1] Group 1 - The share subscription agreement is set to be executed on September 28, 2025 [1] - The proposed share placement will be priced at no less than 80% of the average trading price of China National Materials Technology shares over the 20 trading days prior to the placement date, and not lower than the latest audited net asset value per share [1] - China National Building Material United Investment will subscribe for shares totaling RMB 820 million [1] Group 2 - The shares subscribed by China National Building Material United Investment cannot be transferred within 18 months following the completion of the proposed placement [1]