China Aluminum Int'l Engineering Corp renews key transaction agreements

China Aluminum International Engineering Corporation Limited ("CHALIECO") (HKEX: 2068) has announced the renewal of its Commodities Sales and Purchases Master Agreement, General Services Master Agreement, and Engineering Services Master Agreement with China Aluminum Group, its controlling shareholder. These agreements, effective from January 1, 2026, until December 31, 2028, are crucial for CHALIECO’s ongoing operations and strategic development. The agreements cover CHALIECO providing commodities to China Aluminum Group, China Aluminum Group providing commodities to CHALIECO, and the provision of general and engineering services in both directions. Annual caps are set for each agreement to ensure financial prudence, with adjustments reflecting market demands and the company's strategic focus on high-growth industrial sectors. CHALIECO has also announced the grant of 2,000,000 reserved restricted shares under the 2023 Restricted Share Incentive Scheme to 21 eligible participants at a price of RMB2.28 per A Share, further aligning management interests with company performance.