Aluminum Corporation of China (02600) plans to build 2 x 1.5 million tons/year aluminum oxide production lines in the Innovation Cooperation Zone of Taiping Bay, Dalian City.

Aluminum Corporation Of China (02600) announced that in order to promote the company's "Dual Sea" strategy and optimize the alumina industry layout, the Board of Directors approved the construction of 2150,000 ton/year alumina production lines in the Taiping Bay Cooperation and Innovation Zone in Dalian, Liaoning Province. The total investment of the project is estimated to be approximately 7.942 billion yuan. The Board of Directors also approved the establishment of a wholly-owned subsidiary, Dalian Aluminum Industry Co., Ltd. (tentative name, subject to the final approval of the company registration authority), with a registered capital of 40% of the total investment, totaling approximately 3.17 billion yuan, to operate the project.