Aluminum Corporation of China Limited (Chalco) disclosed that its General Counsel and Chief Compliance Officer, Liang Minghong, intends to reduce his personal stake in the company by no more than 42,550 A-shares, equivalent to approximately 0.00025 % of Chalco’s total share capital. The planned disposal will be carried out via centralized bidding on the Shanghai Stock Exchange between 28 April 2026 and 27 July 2026.
Liang currently holds 170,200 A-shares—about 0.0010 % of Chalco’s outstanding shares—acquired through the company’s 2021 Restricted Share Incentive Scheme. The proposed sale represents up to 25 % of his existing position and is driven by personal funding requirements. Transaction prices will follow prevailing market levels.
The board emphasized that the plan complies with the Securities Law, the Interim Measures for the Administration of Share Reduction by Shareholders of Listed Companies, and Shanghai Stock Exchange regulations, including Self-Regulatory Guidance No. 15. Chalco affirmed that the reduction will not result in any change of corporate control.
Execution of the sale remains contingent on market conditions and the executive’s own considerations; therefore, the exact timing, volume, and pricing of the transactions are subject to change. The company will monitor the process and fulfill disclosure obligations in accordance with regulatory requirements.
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