On 27 April 2026, Nanshan Aluminium International Holdings Limited (Nanshan Aluminium International) released inside information summarising the unaudited first-quarter 2026 results of its controlling shareholder, Shandong Nanshan Aluminium Co., Ltd. (56.97% stake in the Hong Kong-listed entity).

The Shanghai-listed parent reported that the average overseas alumina price in Q1 2026 was approximately USD 308 per ton, a year-on-year decline of about 41%. Price weakness in January stemmed from global oversupply, lower bauxite costs and seasonal demand softness. By March, geopolitical tension in the Middle East lifted freight and energy costs, while refinery maintenance and output cuts provided some price support.

Management highlighted that the parent’s financials are prepared under PRC accounting standards, which differ from Hong Kong Financial Reporting Standards; therefore, the data are not directly comparable with the Group’s forthcoming figures. The disclosed numbers remain unaudited.

Shareholders and potential investors are urged to exercise caution when dealing in the Company’s securities, as the information has neither been audited nor reviewed by the Company’s auditors.