Aluminum of China : RULES OF PROCEDURES FOR THE BOARD OF SUPERVISORS

Important Note: The following is an English translation of the Chinese version of the Rule of Procedures for the Board of Supervisors of Aluminum Corporation of China Limited ( 中 國 鋁 業 股 份 有 限 公 司 監 事 會 議 事 規 則). In case of any discrepancies or inconsistencies, the Chinese version shall always prevail.

ALUMINUM CORPORATION OF CHINA LIMITED

RULES OF PROCEDURES FOR THE BOARD OF SUPERVISORS

	CHAPTER I GENERAL PROVISIONS
Article 1	These rules are hereby formulated in accordance with laws,
	regulations and normative documents such as the Company Law of
	the People's Republic of China, Mandatory Provisions of Articles
	of Association of Companies Listed Overseas, CSRC Guidelines
	for Articles of Association of Chinese Listed Companies, Code
	of Corporate Governance for Listed Companies in China , the
	listing rules of shares or securities of the stock exchanges where
	the Company's shares are listed (including the Shanghai Stock
	Exchange, The Stock Exchange of Hong Kong Limited and the
	New York Stock Exchange) (hereafter as "Relevant Listing
	Rules") and the Articles of Association of Aluminum Corporation
	of China Limited and other relative provisions (hereinafter
	referred to as the "Articles of Association"), with the purpose
	of further standardizing the discussing and voting procedures
	of the Company's Supervisory Committee, promoting the
	supervisors and the Supervisory Committee to effectively fulfil
	their supervisory responsibilities and improving the Company's
	corporate governance structure.
Article 2	The Supervisory Committee is Company's standing supervisory
	body, responsible for supervising the Board of Directors and
	its members, President, and other senior management staff and
	preventing them from infringing the legitimate rights and interests
	of the shareholders, the Company and the employees.
Article 3	Supervisors shall faithfully perform their supervisory duties in
	accordance with laws, administrative regulations and the Articles
	of Association.

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Article 4	The reasonable expenses incurred by the Board of Supervisors
	in the employment of professionals such as lawyers, registered
	accountants, practicing auditors, etc. in the exercise of its
	functions and powers and expenses caused by the supervisors
	attending the meeting of the Board of Supervisors shall be borne
	by the Company.
CHAPTER II THE POWERS OF THE BOARD OF SUPERVISORS
Article 5	The Supervisory Committee shall be responsible for the

Shareholders' General Meeting and exercise the following duties in accordance with laws:

(1) to supervise and check Company finance; to examine and submit written opinions on the periodical Company reports prepared by the Board of Directors; and to examine and submit written opinions on the annual social responsibility report of the Company (the Environmental, Social and Governance Report (referred to as ESG Report) under Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited);

(2) to supervise directors, presidents and senior management personnel when carrying out their duties; to suggest the removal of directors or senior management personnel who contravene the laws, administrative regulations, the Articles of Association or resolutions of shareholders' general meetings;

(3) when an action of a director, a president or senior management personnel damages the Company interests, it requests that director, presidents or senior management personnel to make corrections and report it to the Shareholders' General Meeting or relevant authorities in the PRC if necessary;

(4) to verify financial information such as financial reports, business reports, profit distribution plans, etc. that the Board of Directors intents to submit to the Shareholders' General Meeting and, if in doubt, to be able to appoint, in the name of the Company, a registered accountant or practicing auditor to assist in reviewing such information;

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	(5)	to conduct an investigation in case of abnormal situation of
		the Company's operation; to hire the accounting firms, law
		firms and other professional organizations to facilitate their
		work if necessary;
	(6)	to suggest the holding of extraordinary shareholders' general
		meetings, and, when the Board of Directors does not lawfully
		convene or hold shareholders' general meetings as required
		by the Company Law, to convene or hold shareholders'
		general meetings;
	(7)	to put forward proposals at Shareholders' General Meetings;
	(8)	to suggest the holding of extraordinary meetings of the Board
		of Directors;
	(9)	to negotiate with the directors and senior management staff
		who have caused losses to the Company by violating laws,
		administrative regulations or the Articles of Associations
		while performing their duties on behalf of the Company and
		to bring lawsuits against them in accordance with laws;
	(10)	other functions and powers provided for in the laws,
		regulations and rules, as well as the Articles of Association
		or granted by the Shareholders' General Meeting.
Article 6	The Board of Supervisors shall fulfill the supervision functions
	granted by the Shareholders' General Meeting in accordance with
	the laws, but shall not participate in the Company's decision-
	making and operational management activities.
Article 7	The outside supervisors shall independently report the integrity
	and diligence performance of the Company's senior management
	staff to the Shareholders' General Meeting.
Article 8	Supervisors may attend meetings of the Board of Directors in a
	non-voting capacity and raise questions and make suggestions in
	respect of matters that are the subject of resolutions of the Board
	of Directors.
Article 9	The Board of Supervisors shall give advice for the accounting
	firm engaged by the Company, commission other accounting firms
	to review the Company's financial condition in the name of the
	Company if necessary and directly report to the State Council
	authorities in charge of securities and other relevant departments.

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CHAPTER III THE COMPOSITION OF THE BOARD OF SUPERVISORS

Article 10	The Board of Supervisors shall consist of five supervisors. The
	external supervisors (refer to those supervisors who do not hold
	office in the Company) shall represent more than 50 percent of
	the members of the Board of Supervisors. The number of the
	supervisors who represent the employees shall be not less than
	one-third of the number of supervisors.
	The Board of Supervisors shall have one chairman, whose
	appointment and dismissal shall be subject to the affirmative vote
	of at least two-thirds of the members of the Board of Supervisors.
	The chairman of the Board of Supervisors shall organize the
	performance of the duties of the Board of Supervisors.
	The term of office of a supervisor shall be 3 years. A supervisor
	may serve consecutive terms if re-elected upon the expiration of
	his or her term.
Article 11	The members of the Board of Supervisors include three
	shareholder representatives (including qualified as outside
	supervisors) and two employee representatives who represents the
	employees.
	The supervisors who represent the shareholders shall be elected
	and removed by the Shareholders' General Meeting; the employee
	representative of the supervisors shall be elected and removed
	by the employees' democratic election. The list of candidates for
	the supervisors who represent the shareholders shall be subject
	to the resolutions of the Shareholders' General Meeting. The
	candidates for the supervisors who represent the shareholders shall
	be nominated by the Board of Directors, the Board of Supervisors
	and a shareholder alone or shareholders together holding at least
	3 percent of the Company's shares, and shall be elected and
	removed by the Shareholders' General Meeting of the Company.
Article 12	Supervisors shall also have the professional knowledge and work
	experience in terms of the laws and accounting, in addition to the
	qualifications stipulated in the Articles of Association and relevant
	laws and regulations.
Article 13	The Company's Directors, President and other senior management
	staff may not concurrently serve as supervisors.
Article 14	The Company's Internal Audit Department is the administrative
	body of the Supervisory Committee that is responsible for
	handling the daily affairs of the Supervisory Committee.

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CHAPTER IV	PREPARATION OF THE MEETINGS OF THE BOARD OF
	SUPERVISORS
Article 15	The meetings of the Board of Supervisors are divided into the
	regular meeting and extraordinary meeting. The regular meetings
	of the Board of Supervisors shall be held at least once every six
	months. In case of one of the following circumstances, the Board
	of Supervisors shall convene the extraordinary meeting within 10
	days:

1. it is proposed by any supervisor;
2. the accounting reports, business reports, profit distribution and other financial information proposed to be submitted to the Shareholders' General Meeting by the Board of Directors shall be reviewed; or there is any problem about the abovementioned information;
3. the Board of Supervisors has received significant reporting matters;
4. the Shareholders' General Meeting and the meeting of the Board of Directors have passed the resolutions that are violating the provisions of the laws, regulations, various rules of regulatory authorities, the Articles of Association, the resolutions of the Company's Shareholders' General Meeting and other relevant rules;
5. the misconduct of the directors and senior management staff of the Company may cause significant harm to or adverse impact on the market;
6. the Company, directors, supervisors and senior management staff are sued by the shareholders;
7. the Company, directors, supervisors and senior management staff are punished by the securities regulatory authorities, or publicly condemned by the stock exchange of the place where the Company's stock is listed;
8. it is proposed to negotiate with the directors on behalf of the Company or bring lawsuit against the directors;

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	(9)	it is proposed to be convened by the securities regulatory
		authorities;
	(10)	other circumstances stipulated in laws, administrative
		regulations, departmental rules and Articles of Association.
Article 16	If the meetings of the Board of Supervisors fail to be convened on
	time for some reasons, the written description shall be delivered to
	the dispatched office of China Securities Regulatory Commission
	(or the governmental regulatory agencies); the contents of the
	written description shall be announced.
Article 17	The materials for the meetings of the Board of Supervisors shall
	be prepared by the personnel designated by the administrative
	body. The topics of the meetings of the Board of Supervisors
	include the motions to be discussed by the Board of Supervisors
	in accordance with the Company's Articles of Association and
	the motions proposed by people who have the right to make
	proposals. The designated personnel must deliver the meeting
	materials to the supervisors for review by fax, mail, email or by
	hand before the meeting of the Board of Supervisors is convened.
	In case of special circumstances, it shall be explained in advance.
	If the supervisors believe that the information can not meet the
	requirements, the supplementary materials may be requested.
Article 18	If the Board of Supervisors proposes to convene the extraordinary
	meeting of the Board, a written proposal signed by the relevant
	supervisor(s) shall be submitted to the Chairman of the Board
	of supervisors through the administrative body of the board of
	supervisors or directly the written proposal shall contain the
	following items:
	(1)	the name of the relevant supervisor(s);
	(2)	the reasons for proposal and the objective causes that the
		proposal is based on;
	(3)	the proposed time or time limit, place and manner to convene
		the meeting;
	(4)	the clear and specific proposal;
	(5)	the contact information of the relevant supervisor(s) and
		proposed date and so on.

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	The administrative body of the Board of Supervisors shall issue
	the notice to convene the extraordinary meeting of the Board
	of Supervisors within three days after the administrative body
	of the Board of Supervisors or the Chairman of the Board of
	Supervisors receives the written proposal of the supervisors. If the
	administrative body of the Board of Supervisors is lazy to issue
	the meeting notice, the supervisors who make the proposal shall
	promptly report to regulatory agencies.
Article 19	The meetings of the Board of Supervisors shall be convened and
	presided over by the Chairman of the Board of Supervisors. If
	the Chairman of the Board of Supervisors is unable or fails to
	perform these duties, a supervisor elected by at least one half of
	the supervisors shall convene and presided over the meetings of
	the Board of Supervisors.
Article 20	Meetings of the Board of Supervisors may be held only if
	more than half of the supervisors attend. Under the premise of
	guaranteeing that the supervisors may fully express their views,
	the voting may be made by fax; the resolutions shall be signed
	by the participating supervisors and kept by as the records of the
	meetings of the Board of Supervisors.
Article 21	For convening the regular meetings and extraordinary meetings
	of the Board of Supervisors, the administrative body of the Board
	of Supervisors shall deliver the written meeting notice to all
	supervisors by hand, fax, email, express mail, registered mail
	or by other means 10 days in advance. If the meeting notice is
	not delivered by hand, the administrative body of the Board of
	Supervisors shall make confirmation by telephone. In case of
	particularly urgent situation that the extraordinary meeting of
	the Board of Supervisors shall be convened as soon as possible,
	the notice may be made orally or via telephone (not limited by
	the abovementioned time limit), but the convener shall make
	statements at the meeting.
Article 22	The notice for the meeting of the Board of Directors shall be
	written in Chinese, including at least the following information:
	(1) date, place, and period of the meeting;
	(2) the matters (proposals) proposed to be reviewed;

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1. the convener and host of the meeting, the relevant shareholder(s) who propose(s) the extraordinary meeting and the written proposal;
2. the contact and the contact information;
3. date of issuance of notice.

The oral notice for meeting shall at least include the above item (1) and (2), as well as the description for convening the extraordinary meeting of the Board of Supervisors in case of the urgent situation.

CHAPTER V CONVENING THE MEETINGS OF THE BOARD OF SUPERVISORS

Article 23	The forms of the meetings of the Board of Supervisors may be
	the on-site meeting, conference call, video conference and written
	meeting; the language of the meetings of the Board of Supervisors
	shall be Chinese.
Article 24	The meetings of the Board of Supervisors shall be attended by
	the supervisors in person. If any supervisor is unable to attend the
	meeting for some reasons, he or she may appoint the Chairman of
	the Board of Supervisors or other supervisor to attend the meeting
	on behalf of him or her with a written authorization.
	The participating supervisors must sign on the attendance book.
	In case of the conference call or video Conference and meetings
	held by other forms of communication, if it is confirmed that the
	supervisors may communicate with each other, all participating
	supervisors shall be deemed as participating the meeting in person.
Article 25	The Chairman of the Board of Supervisors or the chairman of the
	meeting may count the number of the participating supervisors.
	When the number of the supervisors (including the supervisors
	to attend the meeting on behalf of other supervisor with a written
	authorization) who attend the meeting reaches two thirds of the
	total supervisors, the meeting shall be announced to be started.
Article 26	The supervisors who attend the meetings on behalf of others
	shall exercise the rights of supervisors within the scope of
	authorization. If any supervisor fails to attend the meetings of the
	Board of Supervisors or fails to appoint other supervisor to attend
	the meeting on behalf of him or her, it shall be deemed as that he
	or she has abandoned the right to vote at that meeting.

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	If a supervisor fails to personally attend the meetings of the
	Board of Supervisors and to appoint another director to attend
	the meetings on his or her behalf on two consecutive occasions,
	the Shareholders' General Meeting or the workers' representative
	congress shall replace him or her.
Article 27	Supervisors shall seriously review each motion, make judgments
	independently, express the clear opinions and assume the
	corresponding responsibilities.
Article 28	When necessary, the Board of Supervisors may require the
	Company's relevant directors, senior management staff, internal
	auditors and external auditors to attend the meetings of the Board
	of Supervisors and answer relevant questions.
Article 29	The officers from the administrative body of the Board of
	Supervisors shall make record for the on-site meeting. The
	supervisors attending the meeting shall have the right to make
	descriptive records of their speeches at the meeting.
	The meeting records may be the recording during the whole
	process of the meeting.

CHAPTER VI RESOLUTIONS OF THE BOARD OF SUPERVISORS

Article 30	The meetings of the Board of Supervisors adopt the "one person,
	one vote" voting system. Votes at an on-site meeting of the Board
	of Supervisors shall be taken by a show of hands. The voting
	intentions of the supervisors are divided into affirmative voting,
	negative voting and waiver. The participating supervisors shall
	choose one of the above three intentions; failing to make choice or
	choosing more than two intentions simultaneously, the chairman
	of the meeting shall have the right to ask relevant supervisors to
	make choice again; if the supervisors refuse to make choice, it
	shall be regarded as a waiver; if the supervisors leave the meeting
	venue halfway without making a choice, it shall be regarded as a
	waiver.
Article 31	The resolutions made at the Board of Supervisors shall require
	adoption by more than two thirds of the members of the Board of
	Supervisors.

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Article 32	If the resolutions of the Board of Supervisors violate the laws,
	administrative regulations and the Articles of Association of the
	listed companies or result in economic losses to the Company, the
	supervisors who are responsible for these resolutions shall assume
	the corresponding responsibilities in accordance with the laws.
Article 33	The resolutions of the Board of Supervisors shall be implemented
	by one or several supervisors designated by the Chairman of the
	Board of Supervisors or the supervisor who exercises the rights
	of the Chairman of the Board of Supervisors. The Chairman of
	the Board of Supervisors shall report the implementation of the
	formed resolutions at the subsequent meetings of the Board of
	Supervisors.
Article 34	The Board of Supervisors shall implement the provisions about
	the information disclosure of the regulatory authorities and stock
	exchange of the place where the Company's stock is listed to
	timely and accurately disclose all matters or resolutions that must
	be disclosed by the meetings of the Board of Supervisors.
Article 35	After the motions are reviewed at the meetings of the Supervisory
	Committee, supervisors who attended the meeting must sign on
	the meeting minute and resolution.
Article 36	The meeting files of the Board of Supervisors, including the
	meeting notice, meeting materials, attendance book, meeting
	recording materials, voting and the meeting records, minutes and
	resolution announcement signed by the participating supervisors,
	shall be kept by the special person designated by the Board of
	Directors. The records of the meetings of the Board of Supervisors
	shall be kept for at least 10 years.
	CHAPTER VII SUPPLEMENTARY PROVISIONS
Article 37	These rules are formulated by the Board of Supervisor and shall
	be effective after being approved by the Shareholders' General
	Meeting through deliberation.

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Article 38	The matters not covered in these rules shall be handled in
	accordance with the currently effective laws, administrative
	regulations, normative documents, the regulatory rules of the
	place where the Company's stock is listed and the Articles of
	Association. In case that these rules are conflicted with the laws,
	administrative regulations, relevant normative documents and the
	supervisory rules of the place where the Company's stock is listed
	that are promulgated from time to time, the provisions in the laws,
	administrative regulations, relevant normative documents and the
	supervisory rules of the place where the Company's stock is listed
	shall prevail.
Article 39	These rules shall be interpreted by the Company's Board of
	Supervisors.

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