On 4 March 2026 (New York time), CITIC Resources Holdings Limited (“CITIC Resources,” Stock Code: 1205), through its wholly-owned subsidiary CITIC Resources Australia Pty Limited (“CRA”), disposed of 1.90 million Alcoa shares on the New York Stock Exchange at an average price of US$62.45 each. The total consideration amounted to US$118.66 million, equivalent to HK$925.52 million.

According to the announcement, the disposal accounted for approximately 0.72% of Alcoa’s issued shares and was executed through multiple on-market transactions. After this transaction, CRA continues to hold 1.69 million Alcoa CHESS Depositary Interests (CDIs) and 0.55 million Alcoa shares, representing around 0.86% of Alcoa’s issued shares.

The transaction is classified as a discloseable transaction under Chapter 14 of the Listing Rules, requiring reporting and an announcement but not shareholder approval. CITIC Resources intends to use the proceeds for general working capital and for potential future investment opportunities. Trading in CITIC Resources’ shares on the Stock Exchange of Hong Kong resumed on 6 March 2026 following publication of the announcement.

CITIC Resources is principally engaged in investment holding and operates businesses in aluminium smelting, crude oil exploration and trading, import and export of commodities, and coal mining. Alcoa focuses on the upstream aluminium industry and listed on the New York Stock Exchange in November 2016. Its 2025 audited financials reflected revenue of US$12,831 million and net profit after tax of US$1,119 million.