Chinalco subsidiaries inject RMB906.45m into Yunnan Aluminum Foil

On November 21, 2025, Chinalco High-end, Yunnan Aluminum, and Kunming Copper agreed to a total capital contribution of RMB906.45 million to Yunnan Aluminum Foil. Chinalco High-end will contribute RMB229 million in cash, Yunnan Aluminum RMB500 million in cash, and Kunming Copper RMB177.45 million in cash and assets. Northwest Aluminum will not participate. This transaction will increase Yunnan Aluminum Foil's registered capital from RMB800 million to RMB1,147.3974 million.

Post-contribution, Chinalco High-end will hold 68.31% of Yunnan Aluminum Foil, Northwest Aluminum 9.06%, Yunnan Aluminum 16.70%, and Kunming Copper 5.93%. The capital injection aims to optimize Yunnan Aluminum's industry chain, enhance alloying rates, and align with national strategic deployments, including establishing a new energy high-precision sheet, strip, and foil project.

The appraised value of Yunnan Aluminum Foil's net assets as of April 30, 2025, using an asset-based approach, was RMB2,087.4092 million. This connected transaction, approved by the board, is subject to reporting and announcement requirements but is exempt from independent shareholders' approval under Hong Kong Listing Rules, as the applicable percentage ratio is between 0.1% and 5%.