China Aluminum Cans Holdings Limited (SEHK:6898) agreed to spin-off Precious Dragon Technology Holdings Limited on September 28, 2018. The spin-off is to be implemented by means of a distribution in specie of the entire issued share capital (around 235 million shares) of Precious Dragon Technology Holdings owned by China Aluminum Cans Holdings Limited to the shareholders of China Aluminum Cans Holdings Limited on the proposed basis of one Precious Dragon share for every four shares of China Aluminum Cans Holdings held on the relevant record date, being a date yet to be fixed. Following completion of the proposed spin-off, China Aluminum Cans Holdings will not retain any interest in the issued share capital of Precious Dragon and Precious Dragon will no longer be its subsidiary.

China Aluminum Cans Holdings proposes to spin-off and separately list the shares of Precious Dragon Technology Holdings on the Main Board of the Stock Exchange. The proposed spin-off is subject to, among other things, the approval of the Stock Exchange of Hong Kong Limited, and the final decisions of the respective Boards of Directors of China Aluminum Cans Holdings Limited and Precious Dragon Technology Holdings. On September 28, 2018, Precious Dragon submitted an application to the Stock Exchange for the listing by way of introduction of, and permission to deal in the shares of Precious Dragon.

The Stock Exchange of Hong Kong Limited has permitted to proceed with the spin-off proposal submitted by China Aluminum Cans Holdings Limited. On May 29, 2019, the Board of Directors of China Aluminum Cans declared the distribution to the qualifying China Aluminum Cans shareholders, being registered holders of China Aluminum Cans Shares whose names appear on the register of members of China Aluminum Cans at the close of business on the distribution record date. As of June 3, 2019, dealings in the shares on the Stock Exchange are expected to commence June 21, 2019.

The shares will be traded in board lots of 2,000 Shares each. The stock code of the Shares is 1861.