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.

ANNOUNCEMENT

RESIGNATION OF AN EXECUTIVE DIRECTOR

AND THE PRESIDENT;

APPOINTMENT OF THE PRESIDENT; AND RESIGNATION OF A VICE PRESIDENT

The board of directors (the "Board") of Aluminum Corporation of China Limited* (the "Company") hereby announces that the Board received a written resignation submitted by Mr. He Zhihui ("Mr. He") on 21 October 2020. Mr. He proposed to resign as an executive director and the president of the Company and from all other positions in each of the special committees under the Board due to work re-allocation. Mr. He's resignation as an executive director of the Company and from all other positions in each of the special committees under the Board took effect from the date of his submission of the written resignation. Mr. He's resignation as the president of the Company was approved at the 11th meeting of the seventh session of the Board held on the same day with immediate effect.

Mr. He has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.

The Board would like to express its sincere gratitude to Mr. He for his contributions to the Company and the Board during his tenure of office as an executive director and the president of the Company.

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After the resignation of Mr. He, the current number of directors of the Company decreased from seven to six, which can still guarantee the normal operation of the Board. New director(s) will be elected by the Company according to relevant procedures and announcement(s) will be made by the Company in due course pursuant to the requirements of the laws and regulations and the Articles of Association of Aluminum Corporation of China Limited.

Given the resignation of Mr. He, the appointment of Mr. Zhu Runzhou ("Mr. Zhu") as the president of the Company and the resignation of Mr. Zhu as a vice president of the Company were considered and approved at the 11th meeting of the seventh session of the Board with immediate effect.

The biographical details of Mr. Zhu are as follows:

Mr. Zhu Runzhou, aged 56 and graduated from Wuhan University, majoring in software engineering, with a master degree in engineering. He is a professor-grade senior engineer. Mr. Zhu has extensive experience in energy, technologies on power plants and corporate operation and management. He had successively served as the inspection head, the operation head and the head of the fuel division of Gansu Jingyuan Power Plant* ( 甘 肅 靖 遠 發 電 廠 ), the deputy chief engineer, the head of the inspection department and the head of the first repairing department of Gansu Jingyuan Power Plant* as well as the manager of Huaming Branch of Gansu Guangming Supervisory Engineering Company* ( 甘 肅 光 明 監 理 工 程 公 司 華 明 分 公 司). Mr. Zhu also served as the chairman of the labour union, the standing chairman of the employee stock holding committee and the deputy general manager of Gansu Jingyuan First Power Co., Ltd.* ( 甘 肅 靖 遠 第 一 發 電 有 限 責 任 公 司), the chairman of Baiyin Huadian Water Supply Co., Ltd.* ( 白 銀 華 電 供 水 有 限 公 司), the head of Guodian Kaili Power Plant* ( 國 電 凱 里 發 電 廠 ), the head of the preparatory office of the technical transformation program of Guodian in Duyun City, the deputy general manager of Guodian Guizhou Branch* ( 國 電 貴 州 分 公 司), the deputy general manager of Guodian Yunnan Branch* ( 國 電 雲 南 分 公 司) and the general manager of Guodian Power Xuanwei Power Generation Co., Ltd.* ( 國 電 電 力 宣 威 發 電 有 限 責 任 公 司), the general manager of Guodian Guangxi Branch* ( 國 電 廣 西 分 公 司), the deputy general manager of the energy management department of the Company and the deputy general manager of Chalco Energy Co., Ltd* ( 中 鋁 能 源 有 限 公 司), a director, the general manager and the chairman of Chalco Ningxia Energy Group Co., Ltd* ( 中 鋁 寧 夏 能 源 集 團 有 限 公 司), the general manager of Chalco Xinjiang Aluminum Power Co., Ltd.* ( 中 鋁 新 疆 鋁 電 有 限 公 司), an executive director and a vice president of the Company. He has been an executive director and the president of the Company since 21 October 2020.

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Mr. Zhu has confirmed that, save as disclosed above, as at the date of this announcement, Mr. Zhu did not hold any directorship in any other public companies, the securities of which are listed on any securities market in Hong Kong or overseas in the last three years, and he does not have any relationship with any director, senior management, substantial shareholder or controlling shareholder of the Company, nor does he hold any position in the Company or any of its subsidiaries. As at the date of this announcement, Mr. Zhu does not have nor is deemed to have any interest in any shares, underlying shares or debentures of the Company or any of its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)).

Save as disclosed above, as at the date of this announcement, the Company is not aware of any matter in respect of Mr. Zhu that is required to be disclosed pursuant to the requirements set out in Rule 13.51(2) (h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, nor is there any matter that needs to be brought to the attention of the shareholders of the Company. The remuneration of Mr. Zhu as the president of the Company will be determined according to the relevant remuneration policies of the Company.

By order of the Board

Aluminum Corporation of China Limited*

Wang Jun

Company Secretary

Beijing, the PRC

21 October 2020

As at the date of the publication of this announcement, the members of the board of directors comprise Mr. Zhu Runzhou (Executive Director); 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).

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CHINALCO - Aluminum Corporation of China Ltd. published this content on 21 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2020 14:54:04 UTC