Metallurgical Corporation of China (01618) plans to seek authorization to repurchase H shares.

Metallurgical Corporation of China (01618) announced that considering the existing H-share repurchase authorization is about to expire, in order to continue to effectively protect the rights and interests of shareholders, enhance investor confidence, further stabilize and increase the company's value, the company plans to seek authorization from shareholders for the board of directors to repurchase some of the company's H-share shares. According to the H-share repurchase authorization, the total number of H shares repurchased by the company with its own funds during the relevant period shall not exceed 10% of the total number of H shares issued on the day when the resolution granting the H-share repurchase authorization was approved at the relevant shareholders' meeting. The amount of this H-share repurchase shall not exceed RMB 500 million. The H shares repurchased by the company under the H share repurchase authorization will be cancelled and the company's registered capital will be reduced.