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.

OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The following is the full text of the information published by Metallurgical Corporation of China Ltd.* (the "Company") on the website of the Shanghai Stock Exchange on 29 March 2021 for information purpose only.

By order of the board of directors

Metallurgical Corporation of China Ltd.*

Zeng Gang

Joint Company Secretary

Beijing, the PRC

29 March 2021

As at the date of this announcement, the board of directors of the Company comprises two executive directors: Mr. Guo Wenqing and Mr. Zhang Mengxing; three independent non-executive directors: Mr. Zhou Jichang, Mr. Yu Hailong and Mr. Ng, Kar Ling Johnny; and one non-executive director: Mr. Yan Aizhong.

* For identification purposes only

A Share Abbreviation: MCCStock Code (A share): 601618

Announcement No.:Lin 2021-011

METALLURGICAL CORPORATION OF CHINA LTD.* ANNOUNCEMENT ON MAJOR OPERATING INFORMATION FOR

THE FOURTH QUARTER OF 2020

The board of directors and all directors of Metallurgical Corporation of China Ltd.* (the "Company") warrant that the contents of this announcement do not contain any misrepresentation, misleading statement or material omission, and accept several and joint responsibilities for the truthfulness, accuracy and completeness of the contents of this announcement.

The aggregate value of newly-signed contracts of the Company for the fourth quarter of 2020 amounted to RMB318.80 billion, representing a year-on-year increase of 26.1%, among which, engineering and construction contracts amounted to RMB302.70 billion. Among the engineering and construction contracts, 717 contracts are of a single contract value of RMB50 million or above, with an aggregate contract value of RMB293.75 billion. The major operating data of newly-signed engineering and construction contracts with contract value of RMB50 million or above are set out as follows:

Business segment

changes

Housing construction

340

1,631.6

1,134

5,276.2

42.8%

Infrastructure projects

144

665.8

376

1,870.7

31.1%

Metallurgical projects

135

324.1

494

1,279.8

15.3%

Others

98

316.0

365

988.9

11.4%

Total

717

2,937.5

2,369

9,415.6

32.3%

October to December 2020

Accumulation in the year of 2020

Number Amount

Number Amount

of newly- of newly-

of newly- of newly- Year-

signed signed

signed signed on-year

contracts contracts

(RMB100

million)

contracts contracts

(RMB100 million)

The Company does not have any material projects signed but not yet implemented as of 31 December 2020.

Announcement is hereby given.

The board of directors of

Metallurgical Corporation of China Ltd.*

29 March 2021

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Metallurgical Corporation of China Ltd. published this content on 29 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2021 13:51:01 UTC.