China Metallurgical (01618) and its subsidiaries plan to sell non-core business assets for about RMB 60.676 billion, focusing on core industries such as metallurgical engineering, non-ferrous and mining engineering construction and operation

Zhitong Finance App News, China Metallurgical (01618) announced that on December 8, 2025, the seller signed an equity transfer agreement with the buyer. According to the agreement: (i) the company plans to sell all of China Metallurgical Real Estate's shares and transfer related claims to Minmetals Real Estate Holdings; (ii) the company plans to sell (a) all of the shares managed by China Metallurgical Institute, China Metallurgical Copper and Zinc, and Ruimu to the controlling shareholder, and (b) 67.02% of China Metallurgical Jinji's shares; at the same time, China Huaye, which is not a wholly-owned subsidiary of the company, plans to sell all of Huaye Duda's shares to China Minmetals or its designated entities. The total consideration was approximately RMB 60.676 billion.

This sale is a positive response to the requirements to push central enterprises to focus on their main business, promote specialized integration and optimal allocation of resources. It is a key step for China Metallurgical to achieve a new stage in the “15th Five-Year Plan” development and achieve high-quality development. Through this sale, the group will divest non-core assets and optimize the allocation of resources, which will help optimize the Group's business structure, focus on core business, and enhance core competitiveness and sustainable and stable profitability. In the future, the Group will focus on the fields of metallurgical engineering, non-ferrous and mining engineering construction and operation, high-end infrastructure, industrial construction and emerging industries to promote high-quality business development.

After the completion of this sale, China Metallurgical's position as China Minmetals's core platform focusing on engineering contracting and cultivating emerging characteristic industries will become more clear and prominent. By divesting non-core business assets to reallocate and efficiently allocate resources such as manpower, capital, management, etc., the main business is more prominent, the structure is clearer, and management is more efficient, and the overall operating stability and resilience to risks will be further improved. In the future, China Metallurgical will focus more on leveraging its core advantages in engineering construction, scientific and technological innovation, project management, etc., to form clearer, closer, and more efficient collaboration with other business sectors within China Minmetals to jointly build a more competitive ecosystem throughout the entire industry chain.