Chang Aluminum Co., Ltd.: Jinan State-owned Assets Supervision and Administration Commission will transfer 32% equity of Qilu Finance and Investment Group to Jinan Xiantou Group for free.

Chang Aluminum announced that the upper-level equity structure of the company's controlling shareholder, Qilu Caijin, has been adjusted, with Jinan State-owned Assets Supervision and Administration Commission transferring its 32% equity in Qilu Caijin to Jinan Xiantou Group. This adjustment will not lead to changes in the company's controlling shareholder or ultimate controlling entity, with Qilu Caijin remaining the direct controlling shareholder and Jinan State-owned Assets Supervision and Administration Commission still being the ultimate controlling entity. After the adjustment, Jinan Chanfa remains an indirect controlling shareholder of the company. This equity change does not trigger a tender offer and will not have a significant impact on the company's main business and operations.