China Aluminum's Chief Legal Advisor Liang Minghong plans to reduce his holdings by no more than 42.6k shares, accounting for 0.00025% of the total share capital.

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China Aluminum Corporation Limited (hereinafter referred to as “China Aluminum”) announced on April 2, 2026, that the company’s current Chief Legal Counsel and Chief Compliance Officer, Liang Minghong, plans to reduce some of his A-shares through centralized bidding within the next three months due to personal funding needs. The number and proportion of shares to be reduced are relatively low and will not affect the company’s control rights.

Subject of Reduction and Shareholding Status

The announcement shows that the subject of this reduction is Liang Minghong, who is the current Chief Legal Counsel and Chief Compliance Officer of China Aluminum, and a senior management member of the company. As of the disclosure date, Liang Minghong holds 170.2k A-shares, accounting for approximately 0.0010% of the total share capital of the company. All these shares come from the company’s 2021 restricted stock incentive plan.

Details of the Reduction Plan

According to the announcement, Liang Minghong plans to reduce no more than 42.55k A-shares of the company through centralized bidding from April 28, 2026, to July 27, 2026, accounting for approximately 0.00025% of the total share capital. The number of shares to be reduced does not exceed 25% of his total holdings, and the reduction price will be determined based on market prices.

Risk Reminder and Follow-up Arrangements

China Aluminum reminds in the announcement that there are uncertainties regarding the implementation of this reduction plan. Liang Minghong may decide whether and how to implement the reduction based on factors such as personal funding arrangements, stock market price changes, and regulatory policy adjustments. The specific timing, quantity, and price of the reduction are uncertain. At the same time, this reduction plan will not lead to a change in the company’s control rights.

The announcement also states that Liang Minghong does not have any circumstances that prohibit him from reducing shares as stipulated in the “Guidelines for Self-Regulation of Listed Companies on the Shanghai Stock Exchange No. 15—Shareholders, Directors, and Senior Management’s Reduction of Shares.” The company will supervise his compliance with relevant laws and regulations during the implementation of the reduction plan and will fulfill information disclosure obligations in a timely manner.

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. Any information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have questions, please contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Express