On January 19, 2026, Jiangxi Copper Company Limited (JCC, 00358.HK) announced the signing of two cooperation framework agreements with China Ordins Group Co., Ltd. (Ordins), covering raw material procurement and product sales from 2026 to 2028. These transactions are classified as continuing connected transactions under Chapter 14A of the Listing Rules.
Under the Procurement Cooperation Framework Agreement, Ordins will provide offshore cathode copper, cathode copper in Guangdong Province, crude copper, and offshore electrolytic nickel to JCC and its subsidiaries. The annual transaction caps for these categories each year from 2026 to 2028 collectively amount to RMB7,655,655,000, based on factors including JCC’s multiple metal production facilities and the volatility of copper prices over recent years.
The Sales Cooperation Framework Agreement enables JCC to supply cathode copper, copper rod, aluminium ingot, domestic electrolytic nickel, zinc ingot, tin ingot, and various precious and scattered metals to Ordins. Annual sales caps for each of the three years reach RMB9,730,000,000 in total, taking into account Ordins’s bulk procurement capabilities and JCC’s diverse metal production lines.
Ordins holds 29.52% of JCC International Trade, a subsidiary of JCC, making Ordins a connected person at the subsidiary level. The agreements were approved by JCC’s board, with interested directors abstaining from voting. They were deemed to be on normal commercial terms and in the ordinary course of JCC’s business. The transactions are subject to annual review, reporting, and announcement requirements but are exempt from circular or independent shareholders’ approval under Rule 14A.101 of the Listing Rules.
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