Nanshan Aluminum Co., Ltd. announced on October 13 that it intends to spin off its controlling subsidiary, Nanshan Aluminum International, to the Hong Kong Stock Exchange. After the completion of the spin-off, the company's equity structure will not change, and it will still hold the controlling equity of Nanshan Aluminum International. It is proposed to spin off assets in Indonesia to engage in the production and sale of alumina, relying on the advantages of local bauxite ore resources in Indonesia, and to independently carry out necessary activities such as procurement, production and sales in Bentan Island, Riau Islands Province. After the completion of the spin-off, Nanshan Aluminum International will further deepen its business in Indonesia and its surrounding markets, continue to tap into the advantages of Indonesian bauxite ore resources, and maintain a relatively high degree of independence from the listed company and its other subsidiaries (except for the proposed spin-off entity and assets). This spin-off will not have a substantial impact on the listed company's main business.
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