Ningxia Building Materials announced that the company plans to hold the third interim shareholders'meeting in 2026 on August 25, 2026 to consider two proposals:
one is to repurchase a shares of the company by means of centralized bidding transactions, with the total amount of repurchase funds ranging from 100 million yuan to 200 million yuan, and the upper limit of repurchase price is 19.47 yuan per share. The implementation period of the repurchase is within three months from the date of approval by the shareholders' meeting. The repurchased shares will be subsequently cancelled and the registered capital of the company will be reduced, and the source of funds is the company's own funds.
The second is to consider the proposal of the controlling shareholder China National Building Material Co., Ltd. and the actual controller China National Building Material Group to change the time limit for fulfilling the commitment of competition in the same industry. It is proposed to extend the time limit for resolving the problem of competition in the same industry of the original commitment for another two years from the date of approval by the shareholders'meeting, and the rest of the commitments remain unchanged.
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