Tianshan Aluminum: Shareholder Reduces Stake After Unpledging Shares

Tianshan Aluminum Group Co., Ltd. announced a significant change in its shareholding structure due to the conversion of exchangeable corporate bonds issued by its controlling shareholder, Shihezi Jinlong Energy Industry Chain Co., Ltd. The "24 Jinlong EB01" bonds, issued on December 2, 2024, entered their share exchange period on June 3, 2025. This led to an exchange of 593,741 shares, representing 0.0128% of the company's total share capital.

This transaction resulted in a passive reduction of Jinlong Energy's holdings by 593,741 shares. Following this change, Jinlong Energy and its concert parties’ combined shareholding in Tianshan Aluminum passively decreased to 41.9997% from 42.01%. This share exchange does not alter Jinlong Energy's status as the controlling shareholder.

Investors are advised that the "24 Jinlong EB01" bonds are currently in their exchange period, and future exchange activities, including the number of shares and timing, remain uncertain. The company will continue to monitor the situation and provide updates as required by regulations.