CR BLDG MAT TEC and RunDi signed a contract for the supply of artificial stone with an annual limit of 50 million RMB

On December 29, 2022, CR BLDG MAT TEC (01313.HK) entered into a building materials framework agreement with CHINA RES LAND, under which CHINA RES LAND Group may procure building materials from the group as needed for its daily operations, and set a relevant annual cap. The building materials framework agreement and its annual cap will expire on December 31, 2025. After that, the wholly-owned subsidiary of CR BLDG MAT TEC, Runfeng New Materials, and the wholly-owned subsidiary of CHINA RES LAND, Runcai E-commerce, entered into an artificial stone supply contract, under which Runfeng New Materials supplies artificial stone and related processing to Runcai E-commerce.

For the years ending December 31, 2026, and December 31, 2027, the proposed annual total cap is RMB 50 million each year, which is the sum of the proposed annual caps for all projects (including potential projects)