Yunnan Aluminum acquires 16.70% stake in Chalco Aluminum Foil for 500 million yuan

Yunnan Aluminum Co., Ltd., a subsidiary of Aluminum Corp of China, will invest 500 million yuan in Chalco Aluminum Foil (Yunnan) Co., Ltd., securing a 16.70% equity stake. This strategic move, approved by Chalco's board on October 27, 2025, was formalized on November 21, 2025, through a "Reorganization, Capital Increase and Share Expansion Agreement." The agreement was made with existing shareholders Chalco High-End Manufacturing Co., Ltd. and Northwest Aluminum Co., Ltd., and new investor China Copper (Kunming) Copper Industry Co., Ltd.

The capital increase will boost Chalco Aluminum Foil’s registered capital by 347,397,361.05 yuan to a total of 1,147,397,361.05 yuan. Yunnan Aluminum's cash contribution of 500 million yuan comprises 191,625,211.75 yuan for paid-in capital and 308,374,788.25 yuan for capital reserve. China Copper (Kunming) Copper Industry Co., Ltd. will contribute assets valued at 88,450,038.29 yuan and 89 million yuan in cash. Chalco High-End Manufacturing Co., Ltd. will also contribute 229 million yuan in cash.

Following the transaction, Chalco High-End Manufacturing will hold 68.31%, Yunnan Aluminum 16.70%, Northwest Aluminum 9.06%, and China Copper (Kunming) Copper Industry 5.93%. The total shareholder equity is valued at 2,087,409,190.62 yuan.