Yunnan Aluminium appoints new CFO amidst strategic equity restructuring

Yunnan Aluminium Industry Co., Ltd. announced on October 27, 2025, that Zheng Lihai resigned as CFO and board secretary due to work changes. Ma Yan was appointed as the new CFO, effective immediately. During the vacancy, Ma will also serve as acting board secretary.

This leadership change follows board approval on October 27, 2025, for a significant capital increase in its subsidiary, China Aluminum Foil (Yunnan) Co., Ltd. Yunnan Aluminium will invest 500 million yuan in cash, acquiring approximately 16.70% equity. Concurrently, China Aluminum High-End will inject 229 million yuan in cash, and Kunming Copper will contribute assets valued at 88.45 million yuan and 89 million yuan in cash, totaling 177.45 million yuan. These transactions, deemed related-party, aim to enhance the green aluminum industrial chain.

The company's board also approved the continued use of up to 5 billion yuan of its own funds for principal-protected cash management, with each transaction not exceeding three months, reinforcing its focus on efficient capital utilization.