Aluminum Corporation of China Limited (Chalco, 601600.SH/2600.HK) has issued a circular announcing its 2025 third extraordinary general meeting (EGM) on Monday, December 22, 2025, at 2:00 p.m. in Beijing. Key proposals include several continuing connected transactions with its controlling shareholder, Aluminum Corporation of China (Chinalco), and renewals of financing agreements.

According to the announcement, the EGM will consider resolutions covering ongoing procurement, engineering, and fixed-assets lease arrangements with Chinalco. These include agreements on social and logistics services, mutual production supply, mineral supply, and engineering and construction services. Additionally, revisions to the land use rights leasing arrangement and general services frameworks will be presented.

The circular highlights three notable financing frameworks for renewal: • A new Financial Services Agreement with Chinalco Finance Company for deposit and other financial services. • A new Finance Lease Cooperation Framework Agreement with Chinalco Lease covering direct lease transactions, with an aggregate financing balance not exceeding RMB3 billion. • A new Factoring Cooperation Framework Agreement with Chinalco Factoring, setting an overall cap of RMB1.8 billion for factoring business, including factoring prepayment and fees.

Chinalco, which holds a 33.55% stake in Chalco, and its associates will abstain from voting on these connected transaction proposals. The H Share register will close from December 16 to December 22, 2025, and only shareholders listed on December 16 may vote. Interested shareholders should submit reply slips and forms of proxy according to the instructions provided in the circular.