CITIC Resources (1205) disclosed a major disposal involving 3,816,582 Alcoa shares at an average price of US$64.75 per share, amounting to approximately US$247 million. The shares represent about 1.45% of Alcoa’s total issued shares. Based on the announcement, the disposal took place on 14 and 15 January 2026, and no general meeting will be convened as shareholders holding over 50% have granted written approval.

Following the disposal, CITIC Resources retains approximately 1.58% of Alcoa’s share capital. The company indicated that the move aligns with its objective to improve liquidity and rebalance its investment portfolio. The transaction is recognized as a major disposal under the Listing Rules, and the net proceeds are earmarked as working capital and potential future investments. The announcement also states that the cumulative gain of US$74.64 million associated with the divested shares is credited directly to retained earnings as required by relevant accounting standards.