Aluminum Corporation of China Limited referenced its announcement dated October 24, 2025, in relation to the Capital Contribution Agreement entered into among Chinalco, Aluminum Corporation of China Limited, Yunnan Copper, Chihong Zinc & Germanium and Chinalco Capital, pursuant to which each of the parties agreed to jointly contribute to the establishment of the Joint Venture. The respective capital contribution amounts, methods of capital contribution, and shareholding ratios of each party in the Joint Venture are set out as follows: Chinalco subscribed RMB 375 million (25%) in cash; Aluminum Corporation of China Limited subscribed RMB 300 million (20%) originally by assets (High-Purity Gallium Production Line) and cash, but amended to entirely cash contribution; Yunnan Copper subscribed RMB 300 million (20%) in cash; Chihong Zinc & Germanium subscribed RMB 300 million (20%) by assets (100% equity interests in Chihong Germanium) and cash; Chinalco Capital subscribed RMB 225 million (15%) in cash. The total registered capital is RMB 1,500 million.
The Joint Venture was incorporated in the PRC on October 28, 2025 under the name Chinalco Qianxing (Chengdu) Technology Co., Ltd. As of the date of this announcement, Chinalco, Yunnan Copper, Chihong Zinc & Germanium and Chinalco Capital have fulfilled their obligations to make paid-in capital contributions to the Joint Venture in accordance with the terms of the Capital Contribution Agreement, and Aluminum Corporation of China Limited has made its paid-in capital contribution of RMB 100 million to the Joint Venture. A shareholders meeting was convened by the Joint Venture, at which all shareholders unanimously agreed to amend the Articles of Association of Chinalco Qianxing (Chengdu) Technology Co., Ltd., and accordingly adjusted Aluminum Corporation of China Limited?s method of capital contribution to the Joint Venture from the original combination of assets and cash to an entirely cash contribution (i.e. RMB 300 million). The total amount of capital contribution, shareholding ratios and contribution timetable for the outstanding portion stipulated in the Capital Contribution Agreement shall remain unchanged.
According to the final valuation conclusion made by Guozhonglian Asset Appraisal Land Real Estate Valuation Co., Ltd. based on the asset-based approach, as of the valuation benchmark date June 30, 2025, the appraised value of the total equity attributable to shareholders of Chihong Germanium was RMB 183.9076 million.
