NANSHAN AL INTL(02610) plans to carry out the business of electrolytic aluminum and related raw materials and supporting services.

NANSHAN AL INTL (02610) announced that in order to further enhance the group's competitiveness, drive continuous growth, and build synergies in the upstream and downstream businesses of the industry chain, the group plans to carry out aluminum electrolysis and related raw materials and supporting businesses. The group plans to start the preparations for a 250,000 tons per year aluminum electrolysis project in 2026, with an initial estimated investment of approximately 436.6 million US dollars over a two-year construction period. The project is planned to be located in the Karang Batang Economic Zone on the Indonesian island of Bintan where the group's alumina plant is located, and will require approval from local authorities for environmental and/or construction permits. Looking ahead to medium and long-term development, the group also plans to develop plans for an additional 500,000 tons per year aluminum electrolysis project to further expand the group's aluminum electrolysis production capacity and extend related businesses. At the strategic level, the group plans to gradually increase the group's aluminum electrolysis production capacity to achieve a matching capacity with aluminum oxide. Through the synergistic development of upstream and downstream production capacity, the group will continue to optimize the industry structure, leverage integrated operations advantages, and enhance overall operational efficiency and profitability. The formulation of the above strategic plan is based on multiple favorable factors. Firstly, the group currently has sufficient land supply to meet the land requirements of the new aluminum electrolysis project. Secondly, the group's location is advantageous, situated as a gateway between the Pacific and Indian Oceans (including the Strait of Malacca and Singapore Strait). The Strait of Malacca is one of the busiest and largest commercial waterways in the world. The group is located near the Southeast Asia economic circle, providing convenient access to Europe, India, the Middle East, and beyond. This will help the group develop overseas markets and expand its customer base. Leveraging its existing alumina business, the group will actively promote diversified development of its business. Aluminum electrolysis as a downstream business of alumina will form an industrial synergy with the group's existing business. According to the group's understanding, the demand for aluminum electrolysis in the market is growing significantly, and the price of aluminum electrolysis is continuously rising. Developing aluminum electrolysis business will help the group seize market opportunities and enhance profitability. The group will extend the industry chain by expanding aluminum electrolysis and related businesses, further enhancing the diversity of revenue models and risk resistance. In addition, the group's experience in successfully constructing and operating alumina projects in Indonesia will provide valuable references for the construction and operation of the aluminum electrolysis project, effectively reducing project risks and improving implementation efficiency. The group will also leverage the industry resources and professional technical support of its controlling shareholder to inject strong momentum into the planning, construction, and operation of aluminum electrolysis and related businesses.