Chalco seeks shareholder approval for key transactions, including Chinalco agreements

Aluminum Corporation of China (Chalco) is seeking shareholder approval for several significant transactions at its 2025 Third Extraordinary General Meeting on December 22, 2025. These include daily continuing connected transactions with Chinalco, a new financial services agreement, and the acquisition of minority equity interests in subsidiaries by Yunnan Aluminum.

The daily continuing connected transactions with Chinalco, covering comprehensive social and logistics services, general provision of production supplies and ancillary services, mineral supply, and engineering, construction, and supervisory services, are proposed for a three-year term from January 1, 2026, to December 31, 2028. Proposed annual caps for these expenditure transactions range from 200 million yuan to 38.9 bn yuan, while revenue transaction caps are set at 86.8 bn yuan to 97.3 bn yuan.

Additionally, Chalco seeks approval for a new financial services agreement with Chinalco Finance Company, with a maximum daily deposit balance cap of 22 bn yuan for the term. Yunnan Aluminum, a subsidiary of Chalco, is also proposing to acquire minority equity interests in Yunlv Yongxin (28.7425%), Yunlv Runxin (27.3137%), and Yunlv Hongxin (30%) from Yunnan Metallurgical for a total consideration of 2,266.5637 million yuan. This acquisition aims to optimize shareholding structures and enhance operational efficiency.