JIANGXI COPPER (HKG: 00358) has announced its intention to spin off its subsidiary, Jiangxi Jiangtong Copper Foil Technology Co., Ltd. (Jiangtong Copper Foil), for a separate listing on the Main Board of The Stock Exchange of Hong Kong.

Following the completion of this spin-off, the equity structure of JIANGXI COPPER is not expected to undergo any significant changes, and the company will retain control over Jiangtong Copper Foil.

This move will enable Jiangtong Copper Foil, as the group's dedicated copper foil business platform, to achieve an independent listing. This will help it broaden financing channels and enhance its capital strength through the Hong Kong capital markets, while also improving its incentive mechanisms. These steps are expected to strengthen the subsidiary's comprehensive competitiveness, brand recognition, and market influence in the electrolytic copper foil sector.

Concurrently, JIANGXI COPPER will be able to further focus its core business operations, thereby enhancing the overall competitiveness of the entire company.

The proposed spin-off aligns with national strategic plans to accelerate the iteration and upgrade of the non-ferrous metals industry and the industrialization of the electronics information sector. It is seen as instrumental in refining the layout of the high-end copper foil industry chain and accelerating the research, development, and production capacity deployment of high-precision copper foil technologies for electronic circuits and lithium batteries.