Tianshan Aluminum controlling shareholders announce significant share sale

Tianshan Aluminum Group Co., Ltd. announced that its actual controlling shareholders, Zeng Chaoyi and Zeng Chaolin, plan to collectively reduce their stakes in the company. Zeng Chaoyi, who directly holds 393,778,364 shares (8.58% of total share capital), intends to sell up to 22,949,300 shares. Similarly, Zeng Chaolin, with 302,061,587 shares (6.58%), also plans to sell up to 22,949,300 shares. Each individual's planned reduction represents approximately 0.5% of the company's total share capital.

The share sales will be conducted via centralized competitive bidding within three months, starting 15 trading days after the announcement's disclosure. The period for these transactions will span from December 25, 2025, to March 24, 2026. The reduction is cited as being due to personal financial needs. The shares to be sold originated from the company's 2020 July restructuring and listing.

In total, the two controlling shareholders aim to reduce their combined holdings by up to 1% of the company's total share capital. The company emphasized that this reduction will not lead to a change in control or materially impact the company's governance or ongoing operations.