United Company RUSAL (486.HK) Announces Changes in SUAL Partners’ Voting Rights

Bulletin Express02-26

United Company RUSAL, international public joint‑stock company (HKSE Stock Code: 486), reported a change in SUAL Partners International LLC’s direct disposal rights. According to the announcement, SUAL Partners reduced its direct voting entitlement from 3.83 billion shares (25.19%) to 3.53 billion shares (23.23%). The transaction’s effective date was 23 January 2026, and United Company RUSAL received the relevant notification on 24 February 2026.

The reduction in voting entitlement reflects SUAL Partners’ decreased share of participation in the issuer’s authorized capital. The notice was released in Russian to the Public Joint-Stock Company Moscow Exchange MICEX-RTS and published on the United Company RUSAL website. The announcement indicates no further changes to indirect disposal rights, nor does it imply any additional corporate actions beyond what has been disclosed.

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