Tianshan Aluminum energizes green electrolytic aluminum project, shareholder redeems bonds

Tianshan Aluminum Group Co., Ltd. announced the energization and commissioning of the first batch of electrolytic cells for its 1.4 million-ton green and low-carbon energy efficiency upgrade project for electrolytic aluminum. This project, utilizing advanced energy-saving technology, aims to enhance energy efficiency and reduce carbon emissions. Upon completion, the project will elevate the company's electrolytic aluminum output to its approved capacity of 1.4 million tons per year, achieving industry-leading integrated AC power consumption for aluminum liquid. The initiative will also increase the proportion of green electricity used by the company, strengthening its competitive edge in power costs and accelerating the green transformation of its electrolytic aluminum main business.

Separately, Tianshan Aluminum Group announced that its controlling shareholder, Shihezi Jinlong Energy Industry Chain Co., Ltd., has fully redeemed and delisted its "24 Jinlong EB01" and "24 Jinlong EB02" exchangeable company bonds. The redemption prices were CNY 100.4808 per bond for EB01 and CNY 100.4466 per bond for EB02, including current interest and taxes. All pledged shares related to these bonds have been released.

Jinlong Energy and its concerted parties affirmed their confidence in the company's long-term stable development, with controllable pledge risks and sufficient capital repayment capabilities. The company's current operations remain normal, and the share releases are not expected to impact its control or business operations.