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CHINALCO proposes board bylaw changes to expand management decision authority for projects, M&A

PUBT

Jul 31, 2026 at 04:34 AM

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CHINALCO proposes amending board bylaws to expand management's delegated authority for projects and M&A, pending shareholder approval. Key changes include raising thresholds for domestic projects (under RMB 1.5 billion) and overseas projects (under RMB 750 million). Subsidiary M&A capital contribution limits increase to RMB 1 billion. New delegations cover subsidiary bankruptcies under RMB 1 billion and private equity fund setups up to RMB 500 million.

CHINALCO moved to amend its board meeting procedures to expand management’s delegated authority, subject to shareholder approval at a general meeting. * Delegation would cover domestic projects below RMB 1.5 billion, overseas projects below RMB 750 million, replacing a single RMB 1.5 billion construction threshold. * Asset leasing, transfers, and replacements would stay capped at RMB 1 billion, with added limits tied to annual profit impact below 10%. * Threshold for subsidiaries, M&A, joint ventures, or cooperative projects would rise to RMB 1 billion in capital contribution, from RMB 500 million. * New delegated items include bankruptcy or liquidation of controlled subsidiaries with registered capital below RMB 1 billion, private equity fund setups up to RMB 500 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CHINALCO - Aluminum Corporation of China Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260731-12264163), on July 31, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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CHINALCO moved to amend its board meeting procedures to expand management’s delegated authority, subject to shareholder approval at a general meeting. * Delegation would cover domestic projects below RMB 1.5 billion, overseas projects below RMB 750 million, replacing a single RMB 1.5 billion construction threshold. * Asset leasing, transfers, and replacements would stay capped at RMB 1 billion, with added limits tied to annual profit impact below 10%. * Threshold for subsidiaries, M&A, joint ventures, or cooperative projects would rise to RMB 1 billion in capital contribution, from RMB 500 million. * New delegated items include bankruptcy or liquidation of controlled subsidiaries with registered capital below RMB 1 billion, private equity fund setups up to RMB 500 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CHINALCO - Aluminum Corporation of China Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260731-12264163), on July 31, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)