Aluminum Corporation of China Limited announced that as the Existing Finance Lease Cooperation Framework Agreement will expire on 31 December 2021, the Company renewed the Finance Lease Cooperation Framework Agreement with Chinalco Lease on 26 October 2021. Term: From 1 January 2022 to 31 December 2024. Methods and Arrangements of Finance Lease: The Group proposed to obtain the financing by way of finance leasing arrangements, including but not limited to: (1) direct leasing arrangements, under which, Chinalco Lease will directly purchase the new equipment as required by the Group and lease the same to the Group for its use, while the Group will pay rental to Chinalco Lease accordingly and, upon expiry of the lease term, will purchase the assets from Chinalco Lease at a specific price after the rental has been fully paid to Chinalco Lease in accordance with corresponding operative agreements; and (2) sale-and-leaseback arrangements, under which, the Group will sell its own assets to Chinalco Lease to obtain financing, and then lease back the sold assets and pay rental to Chinalco Lease until expiry of the lease term when the Group will repurchase the assets from Chinalco Lease after the rental has been fully paid to Chinalco Lease in accordance with corresponding operative agreements. The scope of the assets under the finance lease includes production equipment in relation to alumina, electrolytic aluminum, mining and energy power, and the carrying amount of such assets shall be not less than the principal amount under the finance lease in any event. Financing Amount: At any time within the validity period of the Finance Lease Cooperation Framework Agreement, the financing balance obtained by the Group from Chinalco Lease shall not exceed RMB 2.5 billion. The financing balance represents the aggregate principal amount outstanding under the Finance Lease Cooperation Framework Agreement plus any lease interest, commission fees and other expenses, if applicable, incurred from the beginning of that year to that exact point of time.