Recently, Aluminum Corporation of China Limited (Chinalco) established a mining company in Xiong'an: Aluminum Corporation of China (Xiong'an) Mining Co., Ltd., with Qu Bo as the legal representative and a registered capital of 2 billion RMB. Its business scope includes mineral resources exploration, non-coal mine mineral resources development, metal ore sales, import and export of goods, investment activities with its own funds, and engineering management services. Shareholder information shows that the company is jointly owned by Aluminum Corporation of China Limited, its subsidiary Aluminum Corporation of China (601600), China Copper Corporation Limited, and China Aluminum Capital Holdings Limited.