Tianshan Aluminum Industry: The controlling shareholder passively reduced its holdings due to the conversion of convertible bonds into shares, and its shareholding decreased to 38.98%.

Tianshan Aluminum Industry announced that from October 31 to November 4, 2025, the "24 Jinlong EB01" and "24 Jinlong EB02" convertible bonds issued by the controlling shareholder Jinlong Energy were converted into a total of 41.711663 million shares, accounting for 0.90% of the company's total share capital. After the equity change, Jinlong Energy's holding of the company's shares passively decreased by 41.711663 million shares, and Jinlong Energy, along with its concerted parties, saw their percentage of holding the company's shares passively reduced to 38.98%. This equity change was due to the conversion of convertible bond holders, resulting in the passive reduction of the controlling shareholder's holdings, and does not trigger a tender offer or lead to a change in the company's controlling shareholder.