JIANGXI COPPER (00358) plans to spin off Jiangxi Copper Foil for listing on the Stock Exchange of Hong Kong.

JIANGXI COPPER (00358) announced that, in order to further optimize the company's industrial layout, expand financing channels, and enhance the core competitiveness of its controlling subsidiary, Jiangxi Copper Foil Technology Co., Ltd. (Jiang Copper Foil), in the copper foil business, the company plans to spin off Jiang Copper Foil and list it on the Stock Exchange of Hong Kong. The spin-off listing will not result in the company losing control of Jiang Copper Foil, as Jiang Copper Foil will still be a controlled subsidiary within the company's consolidated financial statements. It will not have a substantial impact on the operational development of other business segments of the company, nor will it harm the company's independent listing status and sustainable profitability. The feasibility and specific details of this spin-off listing are still subject to further verification. Over the years, Jiang Copper Foil has focused on the field of electrolytic copper foil, continuously increasing research and development investment and production capacity layout, achieving simultaneous improvements in operational scale, technological strength, and market reputation. It has grown into an important backbone enterprise specializing in, scaling, and high-end development in the domestic electrolytic copper foil industry, deeply serving the national new energy and electronic information industry development strategies.