Zhuzhou Smelter Group announces major shareholder restructuring

Zhuzhou Smelter Group announced a significant equity restructuring, transferring 335,415,527 shares from Hunan Shuikoushan Nonferrous Metals Group and Hunan Nonferrous Metals Co., Ltd. to Hunan Nonferrous Metals Holding Group. This transaction, totaling 31.26% of Zhuzhou Smelter Group's total share capital, aims to streamline the equity structure and consolidate management layers. Hunan Nonferrous Metals Holding Group will also indirectly hold an additional 212,248,593 shares (19.78%) through Zhuzhou Smelter Group Co., Ltd., its wholly-owned subsidiary.

Following the non-compensatory transfer, Hunan Nonferrous Metals Holding Group will become the direct controlling shareholder of Zhuzhou Smelter Group. This change does not alter the ultimate actual controller, which remains China Minmetals Corporation. The transaction is in line with regulations permitting exemptions from mandatory tender offers, as it occurs between entities under the same actual control.

The transfer is contingent on obtaining necessary approvals, including compliance confirmation from the Shanghai Stock Exchange and completion of share registration with China Securities Depository and Clearing Corporation Limited. The base date for the transfer is set for December 31, 2024. The company anticipates no material impact on its normal production and operations.