China Aluminum International Engineering Corporation Limited (CHALIECO) announced that its board approved plans to enter into a fixed-price engineering, procurement and construction (EPC) general contract worth approximately RMB 6.56 billion with Chalco Guinea Limited for an alumina project in Guinea’s Boffa region.
The eleventh meeting of CHALIECO’s fifth-session board, held on 6 November 2026, endorsed designating the company as general contractor. The proposed lump-sum contract value of RMB 6.56 billion will remain unchanged except for adjustments expressly set out in the final agreement.
Chalco Guinea is a subsidiary of Aluminum Corporation of China Limited (Chalco), itself controlled by Aluminum Corporation of China (Chinalco), CHALIECO’s controlling shareholder. Consequently, both Chalco and Chalco Guinea are deemed connected parties under Chapter 14A of the Hong Kong Listing Rules. Because the highest applicable percentage ratio for the deal exceeds 5%, the transaction requires reporting, public announcement and independent shareholder approval.
Directors Li Yihua and Wang Dezhong, who hold positions at Chinalco, abstained from voting on the board resolution. No other directors were considered to have material interests.
As of the announcement date, the EPC contract has not yet been executed. CHALIECO stated it will release further disclosures in line with Hong Kong Listing Rules as progress is made. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.
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