CHALIECO Approves RMB2.22 Million Repurchase and Cancellation of 0.92 Million Un-unlocked Restricted Shares

China Aluminum International Engineering Corporation Limited (CHALIECO, 02068 HK) has approved the repurchase and cancellation of 918,300 restricted A-shares that were previously granted but remain un-unlocked under its 2023 Restricted Share Incentive Scheme.

The affected shares, held by 13 scheme participants, represent 0.0307% of CHALIECO’s pre-transaction share capital. The board resolution was passed at the fifth meeting of the fifth session on 27 March 2026.

Key drivers • Retirement or workforce adjustments: 11 participants (4 retirees and 7 employees whose contracts ended for objective reasons) triggered partial claw-backs. Of their allocations, 648,200 shares that had not yet met future service or performance conditions will be repurchased at the original grant price plus prevailing bank deposit interest. • Disciplinary breaches: 2 participants were disqualified for violations stipulated under the scheme’s rules. All 270,100 of their un-unlocked shares will be repurchased at the lower of grant price or prevailing market price.

Transaction terms • Shares to be repurchased and cancelled: 918,300 • Cash outlay: approximately RMB2.22 million, fully funded by internal resources. • Authorisation: Previously granted by the 2023 AGM and separate A- and H-shareholder class meetings, empowering the board to execute repurchase, capital reduction and related registrations.

Post-transaction capital structure • Total shares will decrease from 2,987,836,267 to 2,986,917,967. • Registered capital will fall correspondingly to RMB2,986,917,967.00. • Restricted A-shares outstanding will reduce from 28,769,600 to 27,851,300.

Impact assessment CHALIECO stated that the modest scale of the repurchase—0.03% of share capital—will not materially affect its financial position or operating results, and the company expects no adverse impact on management motivation or operational stability.

Regulatory and governance confirmation The remuneration committee affirmed compliance with China’s Administrative Measures on Equity Incentives and the company’s 2023 scheme. Beijing Jia Yuan Law Offices issued a legal opinion confirming that the repurchase meets all procedural and regulatory requirements.