Aluminum Corporation of China Limited announced that in relation to entering into the Existing Factoring Cooperation Framework Agreement between the Company and Chinalco Factoring. As the Existing Factoring Cooperation Framework Agreement will expire on 31 December 2021, the Company and Chinalco Factoring renewed the Factoring Cooperation Framework Agreement on 26 October 2021. Term: Commencing from 1 January 2022 and ending on 31 December 2024. Effectiveness of the Agreement: The Factoring Cooperation Framework Agreement shall take effect on 1 January 2022 upon being approved by competent authorities of the parties thereto and signed and sealed by the authorized representatives of the parties thereto. Factoring Financing Services: Chinalco Factoring has agreed to provide factoring financing services to the Company in accordance with the terms and conditions of the Factoring Cooperation Framework Agreement. In particular, the Company will obtain funds by way of accounts receivable transfer, which means the Company will transfer its accounts receivable to Chinalco Factoring and thereby obtain factoring financing from Chinalco Factoring. When becoming due, such accounts receivable as transferred shall be paid by their debtors to Chinalco Factoring or be repurchased by the Company from Chinalco Factoring. Subject to the Factoring Cooperation Framework Agreement, the Company and Chinalco Factoring shall further enter into specific contract(s) or agreement(s) for the relevant specific factoring services to determine detailed transaction terms. Such specific contract(s) or agreement(s) shall be in line with the principles and terms of the Factoring Cooperation Framework Agreement and in compliance with relevant laws and regulations. Financing Amount: At any time during the valid period of the Factoring Cooperation Framework Agreement, the balance (including factoring prepayment, factoring fee and factoring handling charges) of factoring business between the Company and Chinalco Factoring shall not exceed RMB 1 billion.