Chalco Subsidiary to Sign EPC Contract with Chalco International Valued at Approximately RMB 6.55557 Billion

Stock News11-06

Aluminum Corporation of China Limited (ASX: 02600) has announced that on November 6, 2026, its ninth board of directors held its eighteenth meeting and approved a proposal for its subsidiary, Chalco Guinea (as the employer), to enter into an engineering, procurement, and construction (EPC) turnkey contract with China Aluminum International Engineering Corporation Limited (CHALIECO) (as the contractor).

Accordingly, Chalco Guinea intends to engage CHALIECO to provide EPC services for the Guinea alumina project located in the Boffa region of the Republic of Guinea. The EPC turnkey contract is a fixed lump-sum contract, with a contract price of approximately RMB 6.55557 billion, which shall not be adjusted except as stipulated in the contract terms.

As of the date of this announcement, Chalco Guinea is a subsidiary of the Company, Aluminum Corporation of China Group (Chinalco Group) is the controlling shareholder of the Company, and CHALIECO is a subsidiary of Chinalco Group. Therefore, CHALIECO is a connected person of the Company under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (Hong Kong Listing Rules), and the transaction contemplated under the EPC turnkey contract constitutes a connected transaction under Chapter 14A of the Hong Kong Listing Rules.

Since the highest applicable percentage ratio for the transaction contemplated under the EPC turnkey contract may exceed 5% but be less than 25%, the transaction constitutes a potential discloseable transaction under Chapter 14 of the Hong Kong Listing Rules and a connected transaction under Chapter 14A of the Hong Kong Listing Rules. Accordingly, the transaction is subject to the reporting, announcement, and independent shareholders' approval requirements under Chapters 14 and 14A of the Hong Kong Listing Rules.

Given that Mr. Guo Gang, a director of the Company, also holds a position at Chinalco Group, he has abstained from voting on the board resolution regarding this transaction. As of the date of this announcement, the relevant parties have not yet signed the EPC turnkey contract. Upon signing the EPC turnkey contract, the Company will comply with the applicable provisions of the Hong Kong Listing Rules and promptly fulfill its information disclosure obligations.

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