China National Building Material : CHANGE OF JOINT COMPANY SECRETARY AND AGENT FOR THE SERVICE OF PROCESS AND NOTICES IN HONG KONG

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)

CHANGE OF JOINT COMPANY SECRETARY AND AGENT FOR THE SERVICE OF PROCESS AND NOTICES IN HONG KONG

The board of directors (the "Board") of China National Building Material Company Limited* (the "Company") announces that Ms. Lo Yee Har Susan ("Ms. Lo") will cease to serve as a joint company secretary of the Company (the "Joint Company Secretary") and an agent for the service of process and notices on behalf of the Company in Hong Kong (the "Process Agent") under the Rule 19A.13(2) of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 1 January 2020.

Ms. Lo confirmed that she has no disagreement with the Board and there are no matters in relation to her resignation that need to be brought to the attention of the shareholders of the Company and the Stock Exchange.

Following the cessation of Ms. Lo, the Board is pleased to announce that Ms. Lee Mei Yi ("Ms. Lee") has been appointed as a Joint Company Secretary and the Process Agent of the Company with effect from 1 January 2020.

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Ms. Lee is an Executive Director of Corporate Services of Tricor Services Limited, an Asia's leading business expansion specialist specializing in integrated business, corporate and investor services. Ms. Lee has over 25 years of experience in the corporate secretarial field, holds an Honours Bachelor's Degree in Accountancy and is a Chartered Secretary and a Fellow of both The Hong Kong Institute of Chartered Secretaries ("HKICS") and The Institute of Chartered Secretaries and Administrators ("ICSA") in the United Kingdom. Ms. Lee is also a holder of the Practitioner's Endorsement from HKICS.

WAIVER FROM STRICT COMPLIANCE WITH RULES 3.28 AND 8.17 OF THE LISTING RULES

Reference is made to the announcement of the Company dated 2 July 2018 in relation to the appointment of Mr. Yu Kaijun ("Mr. Yu") as one of the Joint Company Secretaries and the waiver granted to the Company by the Stock Exchange from strict compliance with the requirements of Rules 3.28 and 8.17 of the Listing Rules in relation to Mr. Yu's eligibility to act as a Joint Company Secretary for a period of three years (the "Waiver Period") from the date of appointment of Mr. Yu as a joint company secretary of the Company, on the condition that Mr. Yu would be assisted by Ms. Lo during the Waiver Period (the "Waiver"). The Waiver will be revoked upon Ms Lo's resignation as a Joint Company Secretary on 1 January 2020.

The Company has applied to the Stock Exchange for, and the Stock Exchange has granted a new waiver (the "New Waiver") to the Company from strict compliance with the requirements of Rules 3.28 and 8.17 of the Listing Rules for the remaining period of the Waiver Period commencing from 1 January 2020 (the "Remaining Period") in relation to Mr. Yu's eligibility to act as a Joint Company Secretary, on the condition that:

1. Mr. Yu will be assisted by Ms. Lee during the Remaining Period;
2. the Company shall notify the Stock Exchange at the end of the Remaining Period for the Stock Exchange to re-visit the situation. The Stock Exchange expects that after the end of the Remaining Period, the Company will be able to demonstrate that Mr. Yu satisfies Rules 3.28 and 8.17 of the Listing Rules, having had the benefit of Ms. Lee's assistance such that a further waiver will not be necessary; and
3. the Company will announce the details of the New Waiver, including its reasons and conditions.

The New Waiver applies to this case only and will be revoked immediately if and when Ms. Lee ceases to provide assistance to Mr. Yu. The Stock Exchange may withdraw or change the New Waiver if the Company's situation changes.

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The Board would like to express its sincere gratitude to Ms. Lo for her valuable contributions to the Company and take this opportunity to express its warmest welcome to Ms. Lee on her new appointment.

By Order of the Board

China National Building Material Company Limited*

Yu Kaijun

Secretary of the Board

Beijing, the PRC

27 December 2019

As at the date of this announcement, the board of directors of the Company comprises Mr. Cao Jianglin, Mr. Peng Shou and Mr. Cui Xingtai as executive directors, Ms. Zhan Yanjing, Mr. Chang Zhangli, Mr. Tao Zheng, Mr. Chen Yongxin, Mr. Shen Yungang and Ms. Fan Xiaoyan as non-executive directors and Mr. Sun Yanjun, Mr. Liu Jianwen, Mr. Zhou Fangsheng, Mr. Qian Fengsheng and Ms. Xia Xue as independent non-executive directors.

• For identification purposes only

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