CITIC RESOURCES (01205) to resume trading on January 16 after selling stake in Alcoa.

CITIC RESOURCES (01205) announced that on January 14 and January 15, 2026 (New York time), the company's wholly-owned subsidiary CRA conducted a series of on-exchange transactions on the NYSE, selling a total of 3.8166 million shares of Alcoa Inc. at an average price of $64.75 per share. This represents approximately 1.45% of the total issued shares of Alcoa Inc., with a total transaction amount of approximately $247 million. The company has applied to the Stock Exchange to resume trading of the shares on January 16, 2026. Prior to the sale, the group held approximately 3.03% equity interest in Alcoa Inc., which was classified as financial assets measured at fair value through other comprehensive income. Considering the recent trading price of Alcoa Inc. shares and to improve the group's liquidity and balance its investment portfolio, the group believed it was an appropriate time to realize its equity interest in Alcoa Inc. After the completion of the sale, the cumulative income related to the Alcoa Inc. depositary receipts sold is approximately $74.64 million. The group intends to use the proceeds for general operating purposes and as reserves for potential future investments that may be identified from time to time.