Nanshan Aluminium International: plans to raise nearly HK$2 billion primarily for the group's potential electrolytic aluminium project.

Nanshan Aluminum International announced on the Hong Kong Stock Exchange this morning that on January 22, 2026, the company, the seller, and the placing agent entered into a placing and subscription agreement. According to this agreement, the seller agreed to appoint the placing agent as the placing agent, and the placing agent agreed to use its best efforts to induce the buyers to purchase the shares at the placing price; and the seller has conditionally agreed to subscribe, and the company has conditionally agreed to issue and distribute the subscribed shares to the seller at the subscription price under a general mandate. The net proceeds of the subscription are expected to be approximately 19.8676 billion Hong Kong dollars. 90% will be used for the group's potential aluminum electrolysis and related raw materials and auxiliary businesses, and 10% will be used for the group's general operating funds.