CNBM has issued an announcement regarding a share subscription agreement between China United Investment and its A-share listed non-wholly-owned subsidiary Sinoma Science & Technology.

CNBM (ASX: 03323) announced that China United Investment, a wholly-owned subsidiary of the parent company which is the controlling shareholder of CNBM, entered into a indicative share subscription agreement with Sinoma Science & Technology Co., Ltd. (002080) regarding the proposed placement of new shares by Sinoma Science & Technology for a cash consideration.

On October 8, 2026, after completing the relevant filing procedures with the Shenzhen Stock Exchange, Sinoma Science & Technology published the placement results. According to the results, a total of 87,181,900 subscription shares will be issued at an issue price of RMB 51.40 per subscription share.

Among these, 15,956,200 subscription shares will be subscribed by China United Investment under the final share subscription agreement for a consideration of approximately RMB 820 million, while the remaining 71,225,700 subscription shares will be subscribed by 14 independent subscribers under their respective subscription agreements.

The subscription will be completed after the subscription shares are registered with China Securities Depository and Clearing Corporation. The subscription will help raise funds for Sinoma Science & Technology's project and working capital needs.