Aluminum Corporation of China (02600): Chinalco Logistics plans to acquire 51% stake in Yunnan Aluminium held by Yunnan Aluminium Logistics.

Aluminum Corporation Of China (02600) announced that on April 2, 2026, Yunnan Aluminium and China Aluminum Logistics entered into a share transfer agreement. China Aluminum Logistics intends to purchase 51% of the equity stake in Yunnan Aluminium Logistics held by Yunnan Aluminium through a non-public agreement. After this acquisition is completed, China Aluminum Logistics and Yunnan Aluminium will each hold 51% and 49% of the equity stake in Yunnan Aluminium Logistics, respectively. Yunnan Aluminium Logistics will become a subsidiary of China Aluminum Logistics, and its financial performance will be consolidated into China Aluminum Logistics' accounts. Yunnan Aluminium Logistics is currently managed by China Aluminum Logistics. Through this acquisition, China Aluminum Logistics can achieve unified ownership and management of Yunnan Aluminium Logistics, while Yunnan Aluminium Logistics can leverage the platform of China Aluminum Logistics to enhance its own business capabilities and market competitiveness. At the same time, China Aluminum Logistics can also fill in the gaps in the logistics business map in the southwest region through this acquisition, completing the integration of all logistics businesses within the group.