Zhongfu Industry: the suspension of production capacity of 250000 tons has been examined and approved by the Board of Directors.

SMM News: according to the "Henan Zhongfu Industrial Co., Ltd. on Henan Zhongfu Aluminum Co., Ltd., on March 1, 2019, according to the" Henan Zhongfu Aluminum Co., Ltd., the announcement of the suspension of production capacity and the planned transfer of production capacity "(hereinafter referred to as the" announcement "), Affected by the high coal prices in the central region of the country, Henan Zhongfu Aluminum Co., Ltd. (hereinafter referred to as "Zhongfu Aluminum Co., Ltd.") continues to lose money, has appeared cash flow loss, facing greater production and operating pressure. In order to further optimize the power energy structure needed by the company for electrolytic aluminum production, reduce power consumption costs, reduce carbon emissions from thermal power generation, and realize green and clean production, The company plans to stop production of some electrolytic aluminum production capacity (250000 tons) of Zhongfu Aluminum Industry and transfer to Guangyuan Economic Development Zone in Sichuan Province, where hydropower resources are enriched. The matter has been considered at the third meeting of the ninth session of the board of directors of the company and has yet to be submitted to the general meeting of the shareholders of the company for consideration.

The specific announcements are as follows: