China National Building Material (03323): The coupon rate for the technology innovation corporate bonds (Phase 5) aimed at professional investors is 1.64% for Category One and 1.72% for Category Two in 2026.

China National Building Material Group Corporation (03323) announced that, with the approval of the China Securities Regulatory Commission under Document No. [2025] 1858, CNBM Co., Ltd. (hereinafter referred to as the "Issuer") is authorized to publicly issue corporate bonds with a total face value not exceeding 20 billion RMB to professional investors, using a phased issuance method. Among them, the issuance scale of the 2026 technology innovation corporate bonds (the fifth phase) (hereinafter referred to as "this bond") for professional investors is not to exceed 2 billion RMB. This bond is divided into two varieties, with the first variety having a term of 3 years and the second variety having a term of 5 years. This bond introduces an inter-variety repurchase option, with no restrictions on the repurchase ratio. The issuer and the book managers will decide whether to exercise the inter-variety repurchase option, based on the subscription situation for this bond within the total issuance scale, which will be mutually agreed upon by the issuer and the book managers. On August 18, 2026, the issuer and the lead underwriter conducted inquiries regarding the coupon rates for the bond among professional institutional investors. Based on the inquiry results from these professional institutional investors and following negotiations between the issuer and the lead underwriter, the final coupon rate for the first variety of this bond was determined to be 1.64%, while the coupon rate for the second variety was set at 1.72%.