Chalco unlocks restricted shares, subsidiary acquires stakes in controlled firms

Aluminum Corp of China (Chalco) announced that the conditions for the second unlocking period of its 2021 restricted stock incentive plan's reserved grant have been met. A total of 270 incentive recipients are eligible to unlock 7,742,752 restricted shares, representing approximately 0.045% of the company’s total share capital. Concurrently, Chalco will repurchase and cancel 660,751 restricted shares from 15 incentive recipients due to retirement, job changes, or other negative circumstances. The repurchase price has been adjusted to RMB 2.60 per share for the initial grant and RMB 1.76 per share for the reserved grant, reflecting a 2025 interim dividend distribution.

Additionally, Chalco’s subsidiary, Yunnan Aluminum, plans to acquire minority stakes in three of its controlled subsidiaries from Yunnan Metallurgical Group. These acquisitions include a 28.7425% stake in Yunnan Yunlv Yongxin Aluminum Co., Ltd., a 27.3137% stake in Yunnan Yunlv Runxin Aluminum Co., Ltd., and a 30% stake in Yunnan Yunlv Hongxin Aluminum Co., Ltd., totaling RMB 2,266,563,733.43. This transaction aims to optimize Yunnan Aluminum's equity structure and enhance profitability.