Inalum Plans Subsidiary for New Smelter to Manage Risks and Performance

As of the 5th of February 2026, Malaysia has enforced a nationwide absolute ban on e-waste imports from other countries, citing environmental and corruption reasons as the main drivers. Earlier in February, the Home Ministry has also announced the continuity of 'Op Hazard' to combat illegal activities related to e-waste and metal scraps in Malaysia, with up to 7 billion Malaysian Ringgit worth of seizures related to these illegal operations in 2025.

Yinbang Co., Ltd. announced that it has received a sales order from Holtec Asia Private Limited. Under this order, Yinbang will supply Holtec with aluminum-steel composite materials and aluminum-aluminum composite materials, with an estimated order value of approximately RMB 280 million, in accordance with Holtec's actual business plan. This order is a routine business transaction and does not require approval from the company's board of directors or shareholders' meeting. Successful fulfillment of the order is expected to have a positive impact on Yinbang's operations in 2026 and 2027, however the order fulfillment period is relatively long and may face risks。