Aluminum of China : ANNOUNCEMENT ON PROGRESS FOLLOWING DISCLOSURE OF P…

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

OVERSEAS REGULATORY ANNOUNCEMENT

AND INSIDE INFORMATION

This overseas regulatory announcement is made pursuant to Rules 13.10B and 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The following sets out the information published by Aluminum Corporation of China Limited* on the website of the Shanghai Stock Exchange, for information purpose.

By order of the Board

Aluminum Corporation of China Limited*

Zhang Zhankui

Company Secretary

Beijing, the PRC

23 July 2018

As at the date of this announcement, the members of the Board comprise Mr. Yu Dehui, Mr. Lu Dongliang and Mr. Jiang Yinggang (Executive Directors); Mr. Ao Hong and Mr. Wang Jun (Non-executive Directors); Ms. Chen Lijie, Mr. Hu Shihai and Mr. Lie-A-Cheong Tai Chong, David (Independent Non-executive Directors).

* For identification purposes only

Stock Short Name: ChalcoStock Code: 601600

Announcement no.: Lin 2018-050

ALUMINUM CORPORATION OF CHINA LIMITED*

ANNOUNCEMENT ON PROGRESS FOLLOWING

DISCLOSURE OF PLAN FOR ACQUISITION

OF ASSETS BY ISSUANCE OF SHARES

The board of directors and all directors of the Company guarantee that this announcement contains no false representation, misleading statement or material omission, and assume several and joint liabilities for the truthfulness, accuracy and completeness of it.

As Aluminum Corporation of China Limited* (the "Company") was planning a material event, the trading of A shares of the Company has been suspended with effect from 12 September 2017. In addition, on 26 September 2017, the Company entered into the suspension of trading procedures in relation to the material assets restructuring due to the acquisition of assets by issuance of shares. During the suspension of the shares, the Company disclosed the progress of the restructuring regularly on the designated media for information disclosure in accordance with the Measures for Administration of Material Asset Restructuring of Listed Companies ( ɪ̹ʮ̡ࠠɽ༟ପࠠଡ଼၍ ଣ፬ج' ) and other relevant regulations.

On 31 January 2018, at the 19th meeting of the 6th session of the board of directors of the Company, the Resolution in relation to the Plan for the Acquisition of Assets by Issuance of Shares and Related-Party Transaction of Aluminum Corporation of China Limited* and its Summary ( ᗫ׵"ʕ਷቙ٰุ΅Ϟࠢʮ̡೯Бٰ΅ᒅ൯༟ ପ࿬ᗫᑌʹ׸ཫࣩ•ʿՉ࿜ࠅٙᙄࣩ' ) and other resolutions in relation to the acquisition of assets by issuance of shares were considered and approved. For details, please refer to the relevant announcement disclosed by the Company on 1 February 2018.

On 7 February 2018, the Company received the Letter of Enquiry Regarding Information Disclosure of Issuance of Shares for Assets Acquisition and Related-Party Transaction Plan of Aluminum Corporation of China Limited* ( ᗫ׵࿁ʕ਷቙ุ ٰ΅Ϟࠢʮ̡೯Бٰ΅ᒅ൯༟ପ࿬ᗫᑌʹ׸ཫࣩڦࢹמᚣٙਪ༔Ռ' ) (Shang

Zheng Gong Han [2018] No. 0161) from the Shanghai Stock Exchange (the "Letter of Enquiry"). The Company and relevant intermediaries made prudent verification, confirmation and reply in respect of the enquiries raised in the Letter of Enquiry item by item and made amendments to the Plan for the Acquisition of Assets by Issuance of Shares and Related-Party Transaction of Aluminum Corporation of China Limited* and its Summary ( ʕ਷቙ٰุ΅Ϟࠢʮ̡೯Бٰ΅ᒅ൯༟ପ࿬ᗫᑌʹ׸ཫࣩ' ʿՉ࿜ࠅ ). The Indicative Announcement on the Reply of Aluminum Corporation of China Limited* to the Letter of Enquiry Regarding Information Disclosure of Issuance of Shares for Assets Acquisition and Related-Party Transaction Plan of AluminumCorporation of China Limited* from the Shanghai Stock Exchange and the Resumption of Trading of Shares ( ʕ਷቙ٰุ΅Ϟࠢʮ̡ᗫ׵ɪऎᗇՎʹ׸ה"ᗫ ׵࿁ʕ਷቙ٰุ΅Ϟࠢʮ̡೯Бٰ΅ᒅ൯༟ପ࿬ᗫᑌʹ׸ཫࣩڦࢹ מᚣٙਪ༔Ռ•ٙΫᔧʿٰୃూ೐౤ͪ׌ʮѓ' ), and the Announcement in relation to Plan for the Acquisition of Assets by Issuance of Shares and Related-Party Transaction of Aluminum Corporation of China Limited* (Revised) ( ʕ਷቙ٰุ

΅Ϟࠢʮ̡೯Бٰ΅ᒅ൯༟ପ࿬ᗫᑌʹ׸ཫࣩ€ࡌࠈᇃ' ) were disclosed by the Company on 24 February 2018. After application made by the Company to the Shanghai Stock Exchange, the trading of A shares of the Company has been resumed from 26 February 2018.

After the resumption of trading of A shares of the Company, the Indicative Announcement on Unusual Movement in the Trading of Shares of and Production and Operation of Aluminum Corporation of China Limited* and the Indicative Announcement on Production and Operation of Aluminum Corporation of China Limited* were disclosed by the Company on 28 February 2018 and 1 March 2018, respectively. The 2017 Annual Report of Aluminum Corporation of China Limited* was disclosed by the Company on 23 March 2018. In addition, the Announcement on Progress Following Disclosure of Plan for Acquisition of Assets by Issuance of Shares of Aluminum Corporation of China Limited* was disclosed by the Company on 24 April 2018, 24 May 2018 and 22 June 2018, respectively.

As at the date of this announcement, the Company and the relevant parties are actively facilitating the acquisition of assets by issuance of shares in an all-round way. The target assets to be acquired under the acquisition of assets by issuance of shares are under normal operation and the businesses are carried out in an orderly manner. The stage work of audit, valuation and valuation filing involved in the acquisition of assets by issuance of shares has been finished and the signing of agreements with relevant parties is still underway. Upon completion of the relevant work, the Company will convene another meeting of the board of directors to consider the matters regarding the acquisition of assets by issuance of shares. The transaction is still subject to the consideration and approval at the general meeting of the Company and the approval of the relevant competent authorities.

In accordance with the Measures for Administration of Material Asset Restructuring of Listed Companies ( ɪ̹ʮ̡ࠠɽ༟ପࠠଡ଼၍ଣ፬ج' ) and other relevant requirements, the Company will discharge the obligation of information disclosure in a timely manner according to the progress of the acquisition of assets by issuance of shares. Before issuing a notice of the general meeting, the Company will regularly disclose the announcement on the project progress. Investors are advised to pay attention to such announcements and be aware of investment risks.

Announcement is hereby given.

The Board of Directors of Aluminum Corporation of China Limited*

23 July 2018