Nanshan Aluminium updates on board changes and share buyback progress

Shandong Nanshan Aluminium held its 23rd meeting of the 11th Board of Directors on December 2, 2025, approving changes to the board's specialized committees. Following the election of Ma Zhengqing and Zhang Hua as new directors, the audit committee now includes Song Changming, Ma Zhengqing, Fang Yufeng, Liang Siniang, and Ji Meng, with Liang Siniang as chairman. The nomination committee consists of Lü Zhengfeng, Zhang Hua, Fang Yufeng, Liang Siniang, and Ji Meng, with Fang Yufeng as chairman.

Concurrently, the company provided an update on its share buyback program. As of November 30, 2025, Shandong Nanshan Aluminium has repurchased 112,651,689 shares, representing approximately 0.97% of its total share capital. The highest price paid per share was RMB 5.29, and the lowest was RMB 3.24. The total capital expended on these repurchases amounts to RMB 469,865,134.24, excluding transaction fees.

The share buyback program, approved by shareholders on December 27, 2024, aims to reduce the company's registered capital. The program, which commenced on December 27, 2024, and is scheduled to conclude by December 26, 2025, targets a total buyback amount between RMB 300,000,000 and RMB 600,000,000.