%PDF-1.5%
1 0 obj<>>>endobj2 0 obj<>stream
2026-06-02T13:18:58+08:00
2026-06-02T13:19:01+08:00
2026-06-02T13:19:01+08:00
Adobe InDesign 21.3 (Windows)
uuid:6e2d92c4-f5de-4043-812e-e0492cef974d
xmp.did:24ffb9b5-4f95-9841-a9ae-635e7e7ecba1
xmp.id:e8fbb4a9-ae62-444e-a503-7da9541365f3
proof:pdf
xmp.iid:b2e62c84-3ca0-3f4b-a476-327099a4dc60
xmp.did:011c63a3-e141-ed4a-b5e5-ed68f0c69149
xmp.did:24ffb9b5-4f95-9841-a9ae-635e7e7ecba1
default
converted
from application/x-indesign to application/pdf
Adobe InDesign 21.3 (Windows)
/
2026-06-02T13:18:58+08:00
application/pdf
Adobe PDF Library 18.0
False
endstreamendobj3 0 obj<>endobj5 0 obj<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/Properties<>>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page/PieceInfo</LastModified/NumberOfPageItemsInPage 1/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<0[369.0 0.0 3.0 -240.945 392.235 240.945 409.242 1.0 0.0 0.0 1.0 7.08661 408.847]>>/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 0.0 0.0]>>/PageUIDList<0 401>>/PageWidthList<0 595.276>>>>>>>>endobj6 0 obj<>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page/PieceInfo</LastModified/NumberOfPageItemsInPage 1/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<0[369.0 0.0 3.0 -240.945 392.235 240.945 409.242 1.0 0.0 0.0 1.0 7.08661 408.847]>>/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 0.0 0.0]>>/PageUIDList<0 3472>>/PageWidthList<0 595.276>>>>>>>>endobj7 0 obj<>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page/PieceInfo</LastModified/NumberOfPageItemsInPage 1/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<0[369.0 0.0 3.0 -240.945 392.235 240.945 409.242 1.0 0.0 0.0 1.0 7.08661 408.847]>>/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 0.0 0.0]>>/PageUIDList<0 3516>>/PageWidthList<0 595.276>>>>>>>>endobj8 0 obj<>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page/PieceInfo</LastModified/NumberOfPageItemsInPage 1/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<0[369.0 0.0 3.0 -240.945 392.235 240.945 409.242 1.0 0.0 0.0 1.0 7.08661 408.847]>>/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 0.0 0.0]>>/PageUIDList<0 3557>>/PageWidthList<0 595.276>>>>>>>>endobj9 0 obj<>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page/PieceInfo</LastModified/NumberOfPageItemsInPage 1/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<0[369.0 0.0 3.0 -240.945 392.235 240.945 409.242 1.0 0.0 0.0 1.0 7.08661 408.847]>>/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 0.0 0.0]>>/PageUIDList<0 4154>>/PageWidthList<0 595.276>>>>>>>>endobj10 0 obj<>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page/PieceInfo</LastModified/NumberOfPageItemsInPage 1/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<0[369.0 0.0 3.0 -240.945 392.235 240.945 409.242 1.0 0.0 0.0 1.0 7.08661 408.847]>>/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 0.0 0.0]>>/PageUIDList<0 3597>>/PageWidthList<0 595.276>>>>>>>>endobj11 0 obj<>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page/PieceInfo</LastModified/NumberOfPageItemsInPage 1/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<0[369.0 0.0 3.0 -240.945 392.235 240.945 409.242 1.0 0.0 0.0 1.0 7.08661 408.847]>>/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 0.0 0.0]>>/PageUIDList<0 3637>>/PageWidthList<0 595.276>>>>>>>>endobj12 0 obj<>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page/PieceInfo</LastModified/NumberOfPageItemsInPage 1/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<0[369.0 0.0 3.0 -240.945 392.235 240.945 409.242 1.0 0.0 0.0 1.0 7.08661 408.847]>>/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 0.0 0.0]>>/PageUIDList<0 3677>>/PageWidthList<0 595.276>>>>>>>>endobj13 0 obj<>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page/PieceInfo</LastModified/NumberOfPageItemsInPage 1/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<0[369.0 0.0 3.0 -240.945 392.235 240.945 409.242 1.0 0.0 0.0 1.0 7.08661 408.847]>>/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 0.0 0.0]>>/PageUIDList<0 3717>>/PageWidthList<0 595.276>>>>>>>>endobj14 0 obj<>/Font<>/ProcSet[/PDF/Text]>>/TrimBox[0.0 0.0 595.276 841.89]/Type/Page/PieceInfo</LastModified/NumberOfPageItemsInPage 1/NumberofPages 1/OriginalDocumentID/PageItemUIDToLocationDataMap<0[369.0 0.0 3.0 -240.945 392.235 240.945 409.242 1.0 0.0 0.0 1.0 7.08661 408.847]>>/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 0.0 0.0]>>/PageUIDList<0 5340>>/PageWidthList<0 595.276>>>>>>>>endobj33 0 obj<>stream
BT
0 0 0 1 k
/Perceptual ri
/GS0 gs
/T1_0 1 Tf
0.025 Tc 12 0 0 12 281.8878 18.7502 Tm
(\226 10 \226)Tj
/T1_1 1 Tf
13 0 0 13 56.6929 776.409 Tm
[(III. )-388.5 (OPINIONS OF THE REMUNERATION COMMITTEE OF THE BOARD)]TJ
/T1_0 1 Tf
0.041 Tc 0.07 Tw 2.181 -2.231 Td
[(The)12.4 ( Remuneration)12.4 ( Committee)12.4 ( of)12.5 ( the)12.4 ( Board)12.4 ( of)12.5 ( the)12.5 ( Company,)12.4 ( after)12.4 ( considering)16 ( )]TJ
0.05 Tc 0 -1.115 Td
[(the)12.8 ( Resolution)12.8 ( on)12.8 ( the)12.8 ( Satisfaction)12.8 ( of)12.8 ( the)12.8 ( Unlocking)12.8 ( Conditions)12.8 ( for)12.8 ( the)12.8 ( Third)25 ( )]TJ
0.054 Tc 0 -1.115 Td
[(U)0.5 (nl)0.5 (o)0.5 (ck)0.5 (i)0.5 (ng)13 ( )0.5 (P)0.5 (er)0.5 (io)0.5 (d)13 ( )0.5 (of)13 ( )0.5 (th)0.5 (e)13 ( R)0.5 (e)0.5 (s)0.5 (tr)0.5 (i)0.5 (ct)0.5 (e)0.5 (d)12.9 ( )0.5 (S)0.5 (ha)0.5 (r)0.5 (e)0.5 (s)12.9 ( )0.5 (u)0.5 (nd)0.5 (e)0.5 (r)13 ( t)0.5 (he)13 ( )0.5 (F)0.5 (ir)0.5 (s)0.5 (t)12.9 ( )0.5 (G)0.5 (r)0.5 (an)0.5 (t)13 ( o)0.5 (f)13 ( t)0.5 (h)0.5 (e)12.9 ( )0.5 (2)13 (0)12.9 (2)13 (1)29 ( )]TJ
0.025 Tc 0 Tw 0 -1.115 Td
(Restricted Share Incentive Scheme of the Company, confirmed that the Unl\ocking )Tj
0.021 Tw 0 -1.115 Td
(Conditions for the third Unlocking Period of the Restricted Shares under\ the First )Tj
0.062 Tw 0 -1.115 Td
(Grant of the 2021 Restricted Share Incentive Scheme of the Company have \been )Tj
0.031 Tc 0.077 Tw 0 -1.115 Td
[(satisfied,)6 ( )0.5 (the)6.1 ( )0.5 (eligibility)6 ( )0.5 (of)6 ( )0.5 (the)6 ( )]TJ
0.025 Tc -0.025 Tw 13.4 0 Td
(862)Tj
0.031 Tc 0.077 Tw [( )0.5 (Participants)6 ( )0.5 (involved)6 ( )0.5 (in)6 ( )0.5 (the)6 ( )0.5 (unlocking)6 ( )0.5 (of)6.1 ( )0.5 (the)6 ( )]TJ
0.034 Tc 0.074 Tw -13.4 -1.115 Td
[(Restricted)9 ( )0.5 (Shares)9 ( )0.5 (is)9 ( )0.5 (legal)9 ( )0.5 (and)8.9 ( )0.5 (valid,)9 ( )0.5 (and)9 ( )0.5 (the)9 ( )0.5 (unlocking)9 ( )0.5 (conditions)9.1 ( )0.5 (are)9 ( )0.5 (satisfied;)9 ( )]TJ
0.055 Tc 0.07 Tw 0 -1.115 Td
[(the)12.5 ( arrangement)12.5 ( for)12.5 ( the)12.6 ( unlocking)12.6 ( of)12.6 ( the)12.6 ( Restricted)12.5 ( Shares)12.5 ( is)12.6 ( in)12.6 ( compliance)30 ( )]TJ
0.031 Tc 0.077 Tw 0 -1.115 Td
[(with)6 ( )0.5 (the)6 ( )0.5 (Administrative)6 ( )0.5 (Measures)6 ( )0.5 (and)6 ( )0.5 (other)6 ( )0.5 (laws)6 ( )0.5 (and)5.9 ( )0.6 (regulations)6 ( )0.5 (as)6 ( )0.5 (well)6 ( )0.5 (as)6 ( )0.5 (the)6.1 ( )]TJ
0.025 Tc 0.003 Tw 0 -1.115 Td
(relevant provisions of the Incentive Scheme and Appraisal Management Mea\sures )Tj
0.042 Tc 0.07 Tw 0 -1.115 Td
[(for)12.3 ( the)12.4 ( Implementation)12.3 ( of)12.4 ( the)12.4 ( 2)12.3 (0)12.4 (2)12.4 (1)12.3 ( Incentive)12.4 ( Scheme)12.4 ( for)12.4 ( Restricted)12.4 ( Shares)12.3 ( of)17 ( )]TJ
0.038 Tc 0 -1.115 Td
[(A)0.5 (l)0.5 (u)0.5 (m)0.5 (i)0.5 (n)0.5 (u)0.5 (m)13 ( )0.5 (C)0.5 (o)0.5 (r)0.5 (p)0.5 (o)0.5 (r)0.5 (a)0.5 (t)0.5 (i)0.5 (o)0.5 (n)13 ( )0.5 (of)13 ( )0.6 (C)0.5 (h)0.5 (in)0.5 (a)13 ( )0.5 (L)0.6 (im)0.5 (i)0.5 (t)0.5 (e)0.5 (d)0.5 (*)13 ( )]TJ
/C0_0 1 Tf
0 Tc 0 Tw 18.556 0 Td
<0090>Tj
/T1_0 1 Tf
0.108 Tw 1.025 0 Td
[( )0.5 (\()]TJ
/C0_0 1 Tf
0.249 Tc -0.249 Tw 0.84 0 Td
<02950A3712590E380670038503DE082202AE0321>Tj
/T1_0 1 Tf
0.025 Tc -0.025 Tw 12.392 0 Td
(2021)Tj
/C0_0 1 Tf
0.225 Tc -0.225 Tw -32.813 -1.115 Td
[<03CB0822055305CC06700B4312E713B808070F8C0FBC074403FD08E8104D0B23136C062C>200 <0091>]TJ
/T1_0 1 Tf
0.037 Tc 0.071 Tw 22.5 0 Td
[(\),)12 ( )0.5 (and)12 ( )0.5 (will)12 ( )0.5 (not)12 ( )0.5 (prejudice)12 ( )0.5 (the)12 ( )]TJ
0.04 Tc 0.07 Tw -22.5 -1.115 Td
[(i)0.5 (nt)0.5 (er)0.5 (e)0.5 (st)0.5 (s)13 ( o)0.5 (f)13 ( t)0.5 (he)13 ( )0.5 (Co)0.5 (m)0.5 (pa)0.5 (ny)13 ( )0.5 (an)0.5 (d)12.9 ( )0.5 (s)0.5 (ha)0.5 (r)0.5 (eh)0.5 (o)0.5 (ld)0.5 (er)0.5 (s)0.5 (,)12.9 ( )0.5 (p)0.5 (ar)0.5 (t)0.5 (ic)0.5 (ul)0.5 (a)0.5 (rl)0.5 (y)12.9 ( )0.5 (m)0.5 (in)0.5 (or)0.5 (i)0.5 (ty)13 ( s)0.5 (h)0.5 (ar)0.5 (e)0.5 (ho)0.5 (ld)0.5 (e)0.5 (rs)0.5 (,)15 ( )]TJ
0.039 Tc 0 -1.115 Td
[(a)0.5 (s)13 ( a)13 ( )0.5 (w)0.5 (ho)0.5 (l)0.5 (e)0.5 (.)13 ( A)0.5 (c)0.5 (c)0.5 (o)0.5 (rd)0.5 (i)0.5 (ng)0.5 (l)0.5 (y,)13 ( )0.5 (t)0.5 (he)13 ( )0.5 (R)0.5 (e)0.5 (mu)0.5 (n)0.5 (e)0.5 (ra)0.5 (t)0.5 (io)0.5 (n)13 ( )0.5 (C)0.5 (om)0.5 (m)0.5 (it)0.5 (t)0.5 (e)0.5 (e)12.9 ( )0.5 (a)0.5 (p)0.5 (pr)0.5 (o)0.5 (v)0.5 (ed)13 ( )0.5 (t)0.5 (he)13 ( )0.5 (C)0.5 (om)0.5 (p)0.5 (a)0.5 (ny)14 ( )]TJ
0 -1.115 Td
[(to)12.4 ( deal)12.4 ( with)12.3 ( the)12.4 ( unlocking)12.3 ( procedures)12.4 ( for)12.4 ( the)12.4 ( 2)12.4 (9)12.3 (,)12.4 (9)12.4 (7)12.4 (4)12.4 (,)12.4 (7)12.3 (3)12.4 (4)12.4 ( Restricted)12.4 ( Shares)12.4 ( for)14 ( )]TJ
0.032 Tc 0.076 Tw 0 -1.115 Td
[(the)7 ( )0.5 (third)7 ( )0.5 (Unlocking)7 ( )0.5 (Period)7 ( )0.5 (for)7 ( )0.5 (the)7 ( )0.5 (8)7 (6)7 (2)7 ( )0.5 (Participants)7.1 ( )0.5 (under)7 ( )0.5 (the)7 ( )0.6 (First)7 ( )0.5 (Grant)7 ( )0.5 (of)7 ( )0.5 (the)7 ( )]TJ
0.025 Tc 0.069 Tw 0 -1.115 Td
(Incentive Scheme of the Company in accordance with the relevant requirem\ents, )Tj
0 Tw 0 -1.115 Td
(which shall be submitted to the Board of the Company for consideration.)Tj
/T1_1 1 Tf
-2.181 -2.231 Td
[(IV. )-469.5 (CONCLUSION OF THE LEGAL OPINION)]TJ
/T1_0 1 Tf
0.045 Tc 0.07 Tw 2.181 -2.231 Td
[(According)12.7 ( to)12.6 ( the)12.6 ( legal)12.7 ( opinion)12.7 ( issued)12.6 ( by)]TJ
18.347 0 Td
[( Jincheng)12.7 ( Tongda)12.6 ( &)12.7 ( Neal)12.6 ( Law)12.7 ( Firm,)20 ( )]TJ
0.046 Tc -18.347 -1.115 Td
[(the)12.2 ( Company)12.2 ( has)12.1 ( obtained)12.1 ( the)12.1 ( necessary)12.1 ( approvals)12.2 ( and)12.1 ( authorizations)12.1 ( for)12.1 ( the)21 ( )]TJ
0.058 Tc 0 -1.115 Td
[(unlocking)12.2 ( of)12.2 ( the)12.2 ( Restricted)12.2 ( Shares.)12.2 ( The)12.2 ( conditions)12.2 ( for)12.2 ( the)12.2 ( unlocking)12.1 ( of)12.2 ( the)33 ( )]TJ
0.025 Tc 0 Tw 0 -1.115 Td
(Restricted Shares as stipulated in the Incentive Scheme have been satisf\ied, which )Tj
0.053 Tc 0.07 Tw 0 -1.115 Td
[(is)13 ( in)12.9 ( c)0.5 (ompl)0.5 (ianc)0.5 (e)12.9 ( w)0.5 (ith)12.9 ( )0.5 (the)12.9 ( )0.5 (Comp)0.5 (any)12.9 ( )0.5 (Law)0.5 (,)12.9 ( th)0.5 (e)12.9 ( Se)0.5 (cur)0.5 (ities)13 ( La)0.5 (w)12.9 ( o)0.5 (f)12.9 ( the)13 ( Pe)0.5 (ople)0.5 (\222s)28 ( )]TJ
0.047 Tc 0 -1.115 Td
[(Republic)12.2 ( of)12.2 ( China,)12.1 ( the)12.2 ( Administrative)12.2 ( Measures,)12.2 ( the)12.1 ( Working)12.1 ( Guidelines)12.1 ( for)22 ( )]TJ
0.057 Tc 0 -1.115 Td
[(Implementing)12.6 ( Equity)12.6 ( Incentives)12.6 ( in)12.6 ( Listed)12.6 ( Companies)12.7 ( Controlled)12.6 ( by)12.6 ( Central)32 ( )]TJ
0.03 Tc 0.078 Tw 0 -1.115 Td
[(Enterprises)5 ( )0.5 (and)5 ( )0.5 (other)5 ( )0.5 (laws,)5 ( )0.5 (regulations)5 ( )0.5 (and)5 ( )0.5 (regulatory)5 ( )0.5 (documents)5 ( a)0.5 (s)5 ( )0.5 (well)5 ( )0.5 (as)5 ( )0.5 (the)5 ( )]TJ
0.025 Tc 0 Tw 0 -1.115 Td
(relevant provisions of the Incentive Scheme.)Tj
20.438 -2.231 Td
(By order of the Board)Tj
/T1_1 1 Tf
-4.964 -1.115 Td
(Aluminum Corporation of China Limited*)Tj
7.623 -1.115 Td
(Zhu Dan)Tj
/T1_0 1 Tf
13 0 3.4833 13 340.4002 225.409 Tm
(Joint Company Secretary)Tj
13 0 0 13 56.6929 196.409 Tm
(Beijing, the PRC )Tj
0 -1.115 Td
(2 June 2026)Tj
0.053 Tc 0.07 Tw 13 0 3.4833 13 55.3588 152.909 Tm
[(A)0.5 (s)13 ( a)0.5 (t)13 ( )0.5 (th)0.5 (e)13 ( )0.5 (da)0.5 (t)0.5 (e)13 ( )0.5 (of)13 ( )0.5 (t)0.5 (hi)0.5 (s)13 ( )0.5 (an)0.5 (n)0.5 (o)0.5 (un)0.5 (c)0.5 (e)0.5 (me)0.5 (n)0.5 (t)0.5 (,)12.9 ( )0.5 (t)0.5 (he)13 ( )0.5 (m)0.5 (e)0.5 (mb)0.5 (e)0.5 (r)0.5 (s)12.9 ( )0.5 (o)0.5 (f)13 ( t)0.5 (h)0.5 (e)13 ( B)0.5 (o)0.5 (a)0.5 (r)0.5 (d)12.9 ( )0.5 (c)0.5 (o)0.5 (mp)0.5 (r)0.5 (is)0.5 (e)13 ( )0.5 (M)0.5 (r.)13 ( )0.5 (H)0.5 (e)28 ( )]TJ
0.029 Tc 0.079 Tw 0.299 -1.115 Td
[(Wenjian,)4 ( )0.5 (Mr.)4.1 ( Zhang)4 ( )0.5 (Ruizhong)4 ( )0.5 (and)4 ( )0.5 (Mr.)4 ( )0.5 (Mao)4 ( )0.5 (Shiqing)4 ( )0.5 (\(Executive)4 ( )0.5 (Directors\);)4 ( )0.5 (Mr.)4 ( )0.5 (Guo)4 ( )]TJ
0.025 Tc 0.075 Tw 0.299 -1.115 Td
(Gang and Mr. Jiang Hao \(Non-executive Directors\); Mr. Yu Jinsong, Ms. \Chan Yuen )Tj
0 Tw 0.299 -1.115 Td
(Sau Kelly and Mr. Li Xiaobin \(Independent Non-executive Directors\).)Tj
-0.025 Tw 11 0 0 11 56.6929 80.909 Tm
(* )Tj
0 Tw 11 0 2.9474 11 72.6141 80.909 Tm
(For identification purposes only)Tj
ET
endstreamendobj28 0 obj<>endobj19 0 obj<>endobj20 0 obj<>endobj37 0 obj<>endobj38 0 obj<>endobj39 0 obj<>stream
HLTiTWF.+jd "PTImw-@u
DQƖ%EBA61FENF͜d0nOV33?_wy^]p2~{H5xkbjM?3b{4d\+@hd"9V|; 7TL*5g)Y6nVT`/3Q^
٣8Ei7,44[㹔"7YEfEȱRu}hVxK[ыs+lVϛB6gx7L^
yl֪2y3 >u8t³kGc5!~I{#])=v\Ti8DP?.{gwb3(>->֣b-eACK"SX%۴XJኂ&yPY\*9c{mwb,/uOjrfsnu̾-Z-®