Jiangxi Copper Corporation to Spin Off JCC Copper Foil for HKEX Listing
Jiangxi Copper Corporation announced that, to further optimize its industrial layout, broaden financing channels, enhance the core competitiveness of its controlled subsidiary JCC Copper Foil, and continuously strengthen the copper foil business, the company is expected to spin off JCC Copper Foil for listing on the Hong Kong Stock Exchange. This spin-off will not result in the company losing control over JCC Copper Foil, which will remain a controlled subsidiary within the company's consolidated financial statements, and will not have a material impact on the business operations and development of the company's other segments.