Earnings release
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- 1 - Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (a joint stock limited company incorporated in the People’s Republic of China with limited liability of its members) THIRD QUARTERLY REPORT OF 2025 Reference is made to the announcements of the Company dated 28 May 2025, 29 May 2025, 3 June 2025, 30 June 2025, 1 July 2025, 3 July 2025, 23 July 2025, 24 July 2025, 28 July 2025, 10 October 2025, 13 October 2025, 14 October 2025, 16 October 2025 and the circular of the Company dated 1 April 2025. On 27 August 2025, the Company was approved to publicly issue corporate bonds with a par value of not exceeding RMB20 billion in aggregate to professional investors within 24 months from that date. Since the announcement of the first quarterly report of 2025 of the Company dated 25 April 2025 and up to the date of this announcement, the Company has issued one tranche of corporate bonds. The issue of the second tranche of the corporate bonds (type I) in 2025 was completed on 14 October 2025, with an aggregate principal amount of RMB1 billion, a par value of RMB100, a maturity period of three years and an annual coupon rate of 1.93%. On 3 January 2024, the Company was approved to publicly issue renewable corporate bonds with a par value of not exceeding RMB20 billion in aggregate to professional investors within 24 months from that date. Since the announcement of the first quarterly report of 2025 of the Company dated 25 April 2025 and up to the date of this announcement, the Company has issued four tranches of renewable corporate bonds.
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- 2 - The issue of the third tranche of the renewable corporate bonds (type I) in 2025 was completed on 3 June 2025, with an actual size of issuance of RMB0.5 billion, a par value of RMB100, a basic maturity period of three years, with every three interest-accruing years constituting one term, with an option on the part of the Company (the issuer), at the end of each term, to extend the term of the bonds of such tranche for an additional term (i.e. three years), or to redeem the bonds of such tranche in full as they fall due at the end of that term, and with an annual coupon rate of 1.90%. The issue of the third tranche of the renewable corporate bonds (type II) in 2025 was completed on 3 June 2025, with an actual size of issuance of RMB0.8 billion, a par value of RMB100, a basic maturity period of five years, with every five interest-accruing years constituting one term, with an option on the part of the Company (the issuer), at the end of each term, to extend the term of the bonds of such tranche for an additional term (i.e. five years), or to redeem the bonds of such tranche in full as they fall due at the end of that term, and with an annual coupon rate of 2.06%. The issue of the fourth tranche of the renewable corporate bonds (type II) in 2025 was completed on 3 July 2025, with an actual size of issuance of RMB1 billion, a par value of RMB100, a basic maturity period of five years, with every five interest-accruing years constituting one term, with an option on the part of the Company (the issuer), at the end of each term, to extend the term of the bonds of such tranche for an additional term (i.e. five years), or to redeem the bonds of such tranche in full as they fall due at the end of that term, and with an annual coupon rate of 1.95%. The issue of the fifth tranche of the renewable corporate bonds (type I) in 2025 was completed on 28 July 2025, with an actual size of issuance of RMB1.5 billion, a par value of RMB100, a basic maturity period of three years, with every three interest-accruing years constituting one term, with an option on the part of the Company (the issuer), at the end of each term, to extend the term of the bonds of such tranche for an additional term (i.e. three years), or to redeem the bonds of such tranche in full as they fall due at the end of that term, and with an annual coupon rate of 1.98%. The issue of the fifth tranche of the renewable corporate bonds (type II) in 2025 was completed on 28 July 2025, with an actual size of issuance of RMB1.5 billion, a par value of RMB100, a basic maturity period of five years, with every five interest-accruing years constituting one term, with an option on the part of the Company (the issuer), at the end of each term, to extend the term of the bonds of such tranche for an additional term (i.e. five years), or to redeem the bonds of such tranche in full as they fall due at the end of that term, and with an annual coupon rate of 2.05%.
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- 3 - The issue of the sixth tranche of the renewable corporate bonds (type I) in 2025 was completed on 16 October 2025, with an actual size of issuance of RMB2.1 billion, a par value of RMB100, a basic maturity period of three years, with every three interest-accruing years constituting one term, with an option on the part of the Company (the issuer), at the end of each term, to extend the term of the bonds of such tranche for an additional term (i.e. three years), or to redeem the bonds of such tranche in full as they fall due at the end of that term, and with an annual coupon rate of 2.10%. Relevant documents containing the details of the issue of the abovementioned corporate bonds and renewable corporate bonds are available on the website of the Shanghai Stock Exchange (http://www.sse.com.cn/disclosure/bond/announcement/company/). According to the relevant PRC regulations, the Company is required to publish its interim results and annual results on the website of the Shanghai Stock Exchange during the term of the abovementioned corporate bonds and renewable corporate bonds. The following is the financial information of the Group and the Company for the third quarter ended 30 September 2025 prepared under PRC GAAP, which is published simultaneously on the websites of China Money (http://www.chinamoney.com.cn) and the Shanghai Clearing House (http://www.shclearing.com).
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- 4 - 1. THE CONSOLIDATED FINANCIAL INFORMATION OF THE GROUP CONSOLIDATED BALANCE SHEET As at 30 September 2025 Prepared by: China National Building Material Company Limited* Currency: RMB Item 30 September 2025 31 December 2024 Current assets: Cash and bank balance 27,494,241,487.66 27,342,875,207.29 Financial assets held for trading 8,933,422,745.30 12,489,890,522.49 Financial assets at fair value through profit or loss Derivative financial assets 958,000.00 1,383,874.10 Notes receivable 1,218,366,170.38 2,011,252,858.25 Accounts receivable 55,455,314,009.11 46,369,231,337.28 Financing receivable 8,873,074,255.00 10,206,722,207.58 Prepayments 9,673,087,366.13 7,763,505,562.22 Other receivables 6,675,722,146.98 6,544,548,401.20 Inventories 22,165,691,103.30 16,951,293,974.76 Contract assets 10,829,643,098.51 8,973,258,099.49 Assets held-for-sale Non-current assets due within one year 2,059,457,539.83 2,566,287,168.18 Other current assets 4,940,757,659.80 4,386,364,834.33 Total current assets 158,319,735,582.00 145,606,614,047.17
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- 5 - Item 30 September 2025 31 December 2024 Non-current assets: Debt investments Available-for-sale financial assets Other debt investments Held-to-maturity investments Long-term receivables 2,037,718,137.31 2,510,469,703.82 Long-term equity investments 35,353,343,773.80 33,504,805,667.80 Investments in other equity instruments 42,969,355.39 42,969,355.39 Other non-current financial assets 537,071,792.56 533,047,856.58 Investment properties 1,561,176,643.94 1,492,807,077.47 Fixed assets 170,964,584,245.28 171,508,175,156.18 Construction in progress 32,233,740,754.87 31,334,728,108.85 Productive biological assets Oil and gas assets Right-to-use assets 2,356,184,641.59 2,607,438,714.30 Intangible assets 52,756,006,521.88 52,512,837,416.06 Development expenses 315,062,183.12 130,189,584.24 Goodwill 35,110,312,955.16 34,357,759,887.38 Long-term deferred expenditures 5,813,617,189.75 5,835,570,838.05 Deferred income tax assets 8,806,384,908.84 8,567,304,806.08 Other non-current assets 2,525,233,542.98 3,426,234,616.38 Total non-current assets 350,413,406,646.47 348,364,338,788.58 Total assets 508,733,142,228.47 493,970,952,835.75
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- 6 - Item 30 September 2025 31 December 2024 Current liabilities: Short-term borrowings 50,701,673,817.65 31,798,659,862.73 Held-for-trading financial liabilities Financial liabilities at fair value through profit or loss Derivative financial liabilities 961,000.00 4,689,150.00 Notes payable 14,622,697,567.04 13,181,420,237.07 Accounts payable 50,055,398,195.61 48,413,761,537.05 Payment received in advance 26,473,949.98 27,523,252.74 Contract liabilities 12,722,675,003.54 10,716,790,740.34 Payroll payable 1,615,994,971.07 2,512,632,259.00 Taxes payable 2,549,858,196.54 3,034,205,937.64 Other payables 12,526,812,875.11 12,798,555,795.34 Liabilities held-for-sale Non-current liabilities due within one year 41,233,389,354.35 47,960,640,271.89 Other current liabilities 3,977,002,547.34 5,263,666,992.24 Total current liabilities 190,032,937,478.23 175,712,546,036.04 Non-current liabilities: Long-term borrowings 85,382,664,601.16 84,564,599,467.66 Debentures payables 23,308,170,969.97 25,217,211,237.10 Lease liabilities 2,144,003,060.84 2,148,166,614.92 Long-term payables 4,055,738,906.13 2,878,032,947.48 Long-term employees’ remuneration payable 386,463,113.27 369,856,172.12 Accrued liabilities 3,282,860,241.07 2,878,301,785.09 Deferred income 2,227,048,967.87 2,186,447,118.14 Deferred income tax liabilities 3,345,814,618.81 3,470,809,519.98 Other non-current liabilities 20,439,999.39 12,435,226.16 Total non-current liabilities 124,153,204,478.51 123,725,860,088.65 Total liabilities 314,186,141,956.74 299,438,406,124.69
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- 7 - Item 30 September 2025 31 December 2024 Owners’ equity: Paid-up capital (or share capital) 7,593,021,358.00 8,434,770,662.00 Other equity instruments 15,158,094,000.00 16,056,134,000.00 Including: Preference shares Perpetual debentures 15,158,094,000.00 16,056,134,000.00 Capital reserve 7,556,302,555.00 9,931,501,176.92 Less: Treasury stock Other comprehensive income -453,402,125.15 -389,714,707.38 Including: Currency translation differences -414,166,169.87 -340,745,629.31 Special reserve 965,055,473.42 722,936,902.69 Surplus reserve 6,036,333,258.14 6,036,333,258.14 Undistributed profit 79,986,537,103.26 78,656,176,999.20 Total owners’ equity attributable to the Company 116,841,941,622.67 119,448,138,291.57 Minority interests 77,705,058,649.06 75,084,408,419.49 Total owners’ equity 194,547,000,271.73 194,532,546,711.06 Total liabilities and owners’ equity 508,733,142,228.47 493,970,952,835.75 Legal Representative: Chief Accountant: Head of the Accounting Department: Zhou Yuxian Wei Rushan Zhuang Qinxia
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- 8 - CONSOLIDATED INCOME STATEMENT For the nine months ended 30 September 2025 Prepared by: China National Building Material Company Limited* Currency: RMB Item January to September 2025 January to September 2024 I. Total operating revenue 133,443,025,255.31 134,233,569,630.81 Including: Operating revenue 133,443,025,255.31 134,233,569,630.81 II. Total operating costs 127,745,667,680.17 132,866,870,842.90 Including: Operating cost 105,566,046,426.89 109,193,907,487.57 Tax and auxiliary charges 2,363,392,107.51 2,330,139,665.77 Selling expenses 2,920,285,061.56 2,964,553,978.00 Administrative expenses 9,522,815,078.44 9,914,526,878.83 R&D expenses 4,036,035,459.65 4,381,123,379.66 Finance costs 3,337,093,546.12 4,082,619,453.07 Others Add: Other income 1,225,297,315.33 1,273,374,285.16 Investment income (loss stated with “-”) 1,457,755,681.85 715,974,422.94 Net gain from exposure hedging (loss stated with “-”) Gains on fair value changes (loss stated with “-”) 333,332,203.86 -73,342,816.38 Impairments loss on credits (loss stated with “-”) -531,894,011.73 -180,477,232.25 Impairments loss on assets (loss stated with “-”) -130,494,973.97 -83,223,485.63 Gains on disposal of assets (loss stated with “-”) 97,734,252.66 15,280,883.40 III. Operating profit (loss stated with “-”) 8,149,088,043.14 3,034,284,845.15 Add: Non-operating income 219,250,965.50 254,276,744.81 Less: Non-operating expense 255,285,922.88 293,576,903.38 IV. Total profit (total loss stated with “-”) 8,113,053,085.76 2,994,984,686.58 Less: Income tax expense 1,542,411,346.86 1,082,880,950.14 V. Net profit (net loss stated with “-”) 6,570,641,738.90 1,912,103,736.44 Net profit attributable to the owners of the Company 2,959,637,478.62 -684,379,801.51 Minority interests 3,611,004,260.28 2,596,483,537.95 Legal Representative: Chief Accountant: Head of the Accounting Department: Zhou Yuxian Wei Rushan Zhuang Qinxia
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- 9 - CONSOLIDATED CASH FLOW STATEMENT For the nine months ended 30 September 2025 Prepared by: China National Building Material Company Limited* Currency: RMB Item January to September 2025 January to September 2024 I. Cash flows from operating activities: Cash received from product sales and rendering services 120,761,356,683.98 124,702,075,175.46 Refund of taxes and levies received 1,295,565,114.61 1,233,868,109.88 Cash received relating to other operating activities 6,047,417,316.80 7,421,142,755.05 Sub-total of cash inflows from operating activities 128,104,339,115.39 133,357,086,040.39 Cash paid for purchase of goods and receipt of services 87,296,440,896.06 93,117,094,111.91 Cash paid to and paid for employees 15,918,489,558.40 16,400,008,042.95 Taxes and auxiliary charges paid 9,895,482,248.36 8,811,141,395.92 Cash paid relating to other operating activities 7,681,438,681.23 7,452,608,849.74 Sub-total of cash outflows from operating activities 120,791,851,384.05 125,780,852,400.52 Net cash flows from operating activities 7,312,487,731.34 7,576,233,639.87 II. Cash flows from investing activities: Cash received from disposal of investments 19,286,611,197.25 18,124,077,685.85 Cash received from returns on investments 2,229,279,334.73 951,925,765.81 Net cash received from disposal of fixed assets, intangible assets and other long-term assets 1,048,348,027.48 730,941,704.97 Net cash received from disposal of subsidiaries and other operating entities 52,574,334.38 9,955,214.31 Cash received relating to other investing activities 972,690,356.49 538,396,352.20 Sub-total of cash inflows from investing activities 23,589,503,250.33 20,355,296,723.14 Cash paid for acquiring fixed assets, intangible assets and other long-term assets 8,046,295,893.88 11,682,187,418.78 Cash paid for investment 16,545,325,412.99 15,135,842,300.00 Net cash paid for acquisition of subsidiaries and other operating entities 968,293,551.59 3,500,398,614.00 Cash paid relating to other investing activities 677,456,867.81 282,241,783.93 Sub-total of cash outflows from investing activities 26,237,371,726.27 30,600,670,116.71 Net cash flows from investing activities -2,647,868,475.94 -10,245,373,393.57
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- 10 - Item January to September 2025 January to September 2024 III. Cash flows from financing activities: Cash received from investments 10,220,545,906.13 1,183,540,458.93 Cash received from borrowings 83,043,868,541.67 80,141,863,854.84 Cash received relating to other financing activities 4,796,400,373.30 5,883,357,739.65 Sub-total of cash inflows from financing activities 98,060,814,821.10 87,208,762,053.42 Cash paid for repayments of liabilities 82,278,699,628.92 68,366,587,587.97 Cash paid for dividend, profit distribution or interest repayment 8,992,494,632.52 10,036,940,093.62 Cash paid relating to other financing activities 10,898,509,467.68 10,130,612,739.13 Sub-total of cash outflows from financing activities 102,169,703,729.12 88,534,140,420.72 Net cash flows from financing activities -4,108,888,908.02 -1,325,378,367.30 IV. Effect of foreign exchange rates under changes on cash and cash equivalents 82,505,747.00 -134,716,251.47 V. Net increase in cash and cash equivalents 638,236,094.38 -4,129,234,372.47 Add: Balance of cash and cash equivalents at the beginning of the period 23,482,645,847.22 27,929,689,099.85 VI. Balance of cash and cash equivalents at the end of the period 24,120,881,941.60 23,800,454,727.38 Legal Representative: Chief Accountant: Head of the Accounting Department: Zhou Yuxian Wei Rushan Zhuang Qinxia
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- 11 - 2. FINANCIAL INFORMATION OF THE COMPANY BALANCE SHEET As at 30 September 2025 Prepared by: China National Building Material Company Limited* Currency: RMB Item 30 September 2025 31 December 2024 Current assets: Cash and bank balance 1,072,631,265.42 120,596,945.25 Financial assets held for trading 2,936,646,294.84 2,991,865,091.77 Financial assets at fair value through profit or loss Derivative financial assets Notes receivable Accounts receivable Financing receivable Prepayments 659,158.18 733,094.06 Other receivables 46,476,502,305.08 47,813,159,722.51 Inventories Contract assets Assets held-for-sale Non-current assets due within one year Other current assets 6,524,226.66 7,599,620.76 Total current assets 50,492,963,250.18 50,933,954,474.35
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- 12 - Item 30 September 2025 31 December 2024 Non-current assets: Debt investments Available-for-sale financial assets Other debt investments Held-to-maturity investments Long-term receivables Long-term equity investments 74,316,804,461.09 72,861,979,259.92 Investments in other equity instruments Other non-current financial assets Investment properties Fixed assets 926,561,935.74 952,786,500.79 Construction in progress 9,650,923.67 9,650,923.67 Productive biological assets Oil and gas assets Right-of-use assets Intangible assets Development expenses Goodwill Long-term deferred expenditures Deferred income tax assets Other non-current assets 220,000.00 220,000.00 Total non-current assets 75,253,237,320.50 73,824,636,684.38 Total assets 125,746,200,570.68 124,758,591,158.73
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- 13 - Item 30 September 2025 31 December 2024 Current liabilities: Short-term borrowings 13,550,824,173.96 2,668,577,625.11 Held-for-trading financial liabilities Financial liabilities at fair value through profit or loss Derivative financial liabilities Notes payable Accounts payable 834,532.07 893,432.07 Payment received in advance Contract liabilities Payroll payable 24,472,284.01 22,541,103.42 Taxes payable 1,595,510.65 321,331.52 Other payable 1,275,208,373.75 1,255,439,602.32 Liabilities held-for-sale Non-current liabilities due within one year 11,824,720,962.14 15,897,002,684.81 Other current liabilities 1,009,447,182.02 Total current liabilities 26,677,655,836.58 20,854,222,961.27 Non-current liabilities: Long-term borrowings 13,154,300,000.00 14,349,300,000.00 Debentures payables 14,808,304,722.68 14,824,073,124.10 Lease liabilities Long-term payables Long-term employees’ remuneration payable 23,765,343.02 26,335,000.00 Accrued liabilities Deferred income Deferred income tax liabilities Other non-current liabilities Total non-current liabilities 27,986,370,065.70 29,199,708,124.10 Total liabilities 54,664,025,902.28 50,053,931,085.37
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- 14 - Item 30 September 2025 31 December 2024 Owners’ equity: Paid-up capital (or share capital) 7,593,021,358.00 8,434,770,662.00 Other equity instruments 15,158,094,000.00 16,056,134,000.00 Including: Preference shares Perpetual debentures 15,158,094,000.00 16,056,134,000.00 Capital reserve 11,614,242,715.70 14,018,098,946.44 Less: Treasury stock Other comprehensive income -63,477,404.07 -66,219,325.50 Including: Currency translation differences 92,127,702.48 92,127,702.48 Special reserve Surplus reserve 5,562,706,240.28 5,562,706,240.28 Undistributed profit 31,217,587,758.49 30,699,169,550.14 Total owners’ equity attributable to the Company 71,082,174,668.40 74,704,660,073.36 Minority interests Total owners’ equity 71,082,174,668.40 74,704,660,073.36 Total liabilities and owners’ equity 125,746,200,570.68 124,758,591,158.73 Legal Representative: Chief Accountant: Head of the Accounting Department: Zhou Yuxian Wei Rushan Zhuang Qinxia
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- 15 - INCOME STATEMENT For the nine months ended 30 September 2025 Prepared by: China National Building Material Company Limited* Currency: RMB Item January to September 2025 January to September 2024 I. Total operating revenue 72,772,943.79 68,597,114.16 Including: Operating revenue 72,772,943.79 68,597,114.16 II. Total operating costs 278,306,110.33 189,766,426.12 Including: Operating cost Tax and auxiliary charges 8,867,614.97 8,138,615.74 Selling expenses Administrative expenses 156,423,483.18 152,245,436.91 R&D expenses Finance costs 113,015,012.18 29,382,373.47 Others Add: Other income 752,726.29 986,303.50 Investment income (loss stated with “-”) 2,407,694,820.09 2,962,590,645.71 Net gain from exposure hedging (loss stated with “-”) Gains on fair value changes (loss stated with “-”) -55,218,796.93 231,782,515.48 Impairments loss on credits (loss stated with “-”) Impairments loss on assets (loss stated with “-”) Gains on disposal of assets (loss stated with “-”) III. Operating profit (loss stated with “-”) 2,147,695,582.91 3,074,190,152.73 Add: Non-operating income Less: Non-operating expense 29,476,638.98 IV. Total profit (total loss stated with “-”) 2,147,695,582.91 3,044,713,513.75 Less: Income tax expense V. Net profit (net loss stated with “-”) 2,147,695,582.91 3,044,713,513.75 Net profit attributable to the owners of the Company 2,147,695,582.91 3,044,713,513.75 Minority interests Legal Representative: Chief Accountant: Head of the Accounting Department: Zhou Yuxian Wei Rushan Zhuang Qinxia
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- 16 - CASH FLOW STATEMENT For the nine months ended 30 September 2025 Prepared by: China National Building Material Company Limited* Currency: RMB Item January to September 2025 January to September 2024 I. Cash flows from operating activities: Cash received from product sales and rendering services 75,916,307.96 72,065,485.29 Refund of taxes and levies received 797,889.87 1,045,481.71 Cash received relating to other operating activities 5,038,697,843.18 10,551,128,596.50 Sub-total of cash inflows from operating activities 5,115,412,041.01 10,624,239,563.50 Cash paid for purchase of goods and receipt of services Cash paid to and paid for employees 85,930,519.19 87,936,659.52 Taxes and auxiliary charges paid 12,392,770.91 12,475,609.06 Cash paid relating to other operating activities 3,077,258,058.40 5,223,857,821.43 Sub-total of cash outflows from operating activities 3,175,581,348.50 5,324,270,090.01 Net cash flows from operating activities 1,939,830,692.51 5,299,969,473.49 II. Cash flows from investing activities: Cash received from disposal of investments 1.00 Cash received from returns on investments 1,934,823,421.58 1,759,221,399.49 Net cash received from disposal of fixed assets, intangible assets and other long-term assets Net cash received from disposal of subsidiaries and other operating entities Cash received relating to other investing activities Sub-total of cash inflows from investing activities 1,934,823,421.58 1,759,221,400.49 Cash paid for acquisition and construction of fixed assets, intangible assets and other long-term assets 258,905.58 5,636,495.20 Cash paid for investment 990,000,000.00 3,722,538,105.89 Net cash paid for acquisition of subsidiaries and other operating entities Cash paid relating to other investing activities Sub-total of cash outflows from investing activities 990,258,905.58 3,728,174,601.09 Net cash flows from investing activities 944,564,516.00 -1,968,953,200.60
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- 17 - Item January to September 2025 January to September 2024 III. Cash flows from financing activities: Cash received from investments 9,900,000,000.00 1,000,000,000.00 Cash received from borrowings 26,741,000,000.00 18,300,000,000.00 Cash received relating to other financing activities Sub-total of cash inflows from financing activities 36,641,000,000.00 19,300,000,000.00 Cash paid for repayments of liabilities 32,700,500,000.00 18,353,400,000.00 Cash paid for dividend, profit distribution or interest repayment 2,606,050,490.61 3,423,392,632.65 Cash paid relating to other financing activities 3,266,838,047.03 18,814,252.67 Sub-total of cash outflows from financing activities 38,573,388,537.64 21,795,606,885.32 Net cash flows from financing activities -1,932,388,537.64 -2,495,606,885.32 IV. Effect of foreign exchange rates under changes on cash and cash equivalents V. Net increase in cash and cash equivalents 952,006,670.87 835,409,387.57 Add: B alance of cash and cash equivalents at the beginning of the period 120,571,114.05 439,712,160.44 VI. Balance of cash and cash equivalents at the end of the period 1,072,577,784.92 1,275,121,548.01 Legal Representative: Chief Accountant: Head of the Accounting Department: Zhou Yuxian Wei Rushan Zhuang Qinxia This announcement is made pursuant to Rule 13.09 of the Listing Rules and Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). The financial information in this announcement is prepared in accordance with PRC GAAP and has not been audited. The shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.
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- 18 - DEFINITIONS In this announcement, the following terms shall have the following meanings unless the context requires otherwise: “Company” China National Building Material Company Limited* (ҿ ʮ̡), a joint stock limited company incorporated under the laws of the PRC, the H shares of which are listed on The Stock Exchange of Hong Kong Limited “Group” the Company and its subsidiaries “Listing Rules” the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited “PRC” the People’s Republic of China, excluding, for the purpose of this announcement only, the Hong Kong Special Administrative Region, the Macau Special Administrative Region, and Taiwan “PRC GAAP” the relevant accounting principles and financial regulations as promulgated in the PRC “RMB” Renminbi yuan, the lawful currency of the PRC By order of the Board China National Building Material Company Limited* Pei Hongyan Secretary of the Board Beijing, the PRC 24 October 2025 As at the date of this announcement, the board of directors of the Company comprises Mr. Zhou Yuxian, Mr. Wei Rushan, Mr. Wang Bing and Ms. Miao Xiaoling as executive directors, Mr. Wang Yumeng and Mr. Chen Shaolong as non-executive directors and Mr. Sun Yanjun, Mr. Liu Jianwen, Mr. Zhou Fangsheng, Mr. Li Jun and Ms. Xia Xue as independent non-executive directors. * For identification purposes only