Yunnan aluminum to acquire stake in Chalco aluminum foil for $500m

Yunnan Aluminum Co., Ltd., a subsidiary of Aluminum Corp of China, plans to invest RMB500 million in Chalco Aluminum Foil (Yunnan) Co., Ltd. This investment secures a 16.70% equity stake and aims to expand the green aluminum industry chain and enhance industrial synergy. Chalco Aluminum Foil (Yunnan) intends to build a new energy high-precision plate and foil project. The transaction is a connected transaction due to common control by Chalco Group.

The transaction was approved by the board of directors on October 27, 2025, after review by the audit committee and independent directors, and does not require shareholder approval. Additionally, Aluminum Corp of China's board of directors approved the renewal of continuous connected transaction agreements with Chalco Group and its affiliates for 2026-2028, covering financial services, lease agreements, and comprehensive services.