Metallurgical Corporation of China Ltd. (MCC) disclosed that on 26 May 2026 it executed two sets of connected-transaction agreements aimed at securing project continuity and supply chain stability through 2027.
First, MCC signed a new Framework Agreement with parent company China Minmetals Group. The contract, which covers diverse goods and services transactions from 1 January 2027 to 31 December 2027, remains subject to approval by independent shareholders at the forthcoming annual general meeting. Details of the transaction scopes, pricing principles and annual caps mirror the terms outlined in MCC’s 30 March 2026 disclosure; no amendments were announced.
Second, MCC concluded individual Mutual Supply Agreements for Project Construction and Services with the following connected subsidiaries: 1. MCC Eco-Environmental Protection; 2. Nanjing MCC Real Estate; and 3. Qianhai MCC Construction Technology.
These agreements became effective on 26 May 2026 and will run through 31 December 2027, enabling reciprocal procurement of construction-related goods and services among the parties. The contractual framework and key terms are identical to those previously announced on 30 March 2026.
Corporate governance procedures remain consistent with Hong Kong Listing Rules governing continuing connected transactions. MCC’s Independent Board Committee and an independent financial adviser have provided, or will provide, opinions on the fairness of the arrangements; explanatory circulars are scheduled for dispatch to shareholders on or before 8 June 2026.
Board composition at the date of announcement comprises three executive directors (Li Zhongze, Chen Yang, Bai Xiaohu), two non-executive directors (Lang Jia, Yan Aizhong) and three independent non-executive directors (Liu Li, Ng Kar Ling Johnny, Zhou Guoping).
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