Nanshan Aluminum announced that the 24th meeting of the 11th board of directors of the company reviewed a number of proposals. It is proposed to repurchase shares through centralized bidding, with a capital of 300-600 million yuan to reduce registered capital. The repurchase price will not exceed 7.52 yuan/share, accounting for 0.35%-0.69% of the total share capital, and needs to be reviewed by the shareholders' meeting. Due to changes in total share capital due to cancellation of repurchased shares, it is proposed to amend some provisions of the “Articles of Association”. Yantai Jintai International Trade, a wholly-owned subsidiary, plans to carry out hedging and financial derivatives trading business with annual security deposits of no more than 600 million yuan and 300 million yuan respectively. The company and its holding subsidiaries carry out hedging of aluminum futures, with a maximum security deposit of 600 million yuan and an additional 200 million yuan. In addition, it is proposed to apply for credit lines totaling more than 2.7 billion yuan from a number of banks and authorize the chairman to sign documents. The first Extraordinary General Meeting of Shareholders will be held on January 9, 2026.

Nanshan Aluminum announced that the 24th meeting of the 11th board of directors of the company reviewed a number of proposals. It is proposed to repurchase shares through centralized bidding, with a capital of 300-600 million yuan to reduce registered capital. The repurchase price will not exceed 7.52 yuan/share, accounting for 0.35%-0.69% of the total share capital, and needs to be reviewed by the shareholders' meeting. Due to changes in total share capital due to cancellation of repurchased shares, it is proposed to amend some provisions of the “Articles of Association”. Yantai Jintai International Trade, a wholly-owned subsidiary, plans to carry out hedging and financial derivatives trading business with annual security deposits of no more than 600 million yuan and 300 million yuan respectively. The company and its holding subsidiaries carry out hedging of aluminum futures, with a maximum security deposit of 600 million yuan and an additional 200 million yuan. In addition, it is proposed to apply for credit lines totaling more than 2.7 billion yuan from a number of banks and authorize the chairman to sign documents. The first Extraordinary General Meeting of Shareholders will be held on January 9, 2026.