Mingtai Aluminum shifts funds to new smart manufacturing project

Henan Mingtai Al Industrial announced plans to hold its third extraordinary general meeting of shareholders on November 3, 2025, to approve a major reallocation of raised capital. The company intends to adjust funds for its "Automotive and Green Energy Aluminum Industrial Park Project" and introduce a new "720,000-ton Aluminum-based New Material Smart Manufacturing Project."

The "Automotive and Green Energy Aluminum Industrial Park Project" initially received a capital allocation of CNY 1,239,827,800.00. Mingtai Aluminum will reduce this allocation by CNY 590,000,000.00. These funds will be redirected to the new smart manufacturing project, which has a total investment of CNY 1,520,060,000.00. The new project, targeting a 24-month construction period, is expected to start generating revenue by November 2027.

The board of directors approved this resolution on October 17, 2025. The shift aims to optimize resource allocation, enhance the efficiency of capital use, and bolster the company's focus on high-end, green, and intelligent production, aligning with market demand for new energy vehicles, robotics, and advanced packaging materials.