香港交易及結算所有限公司及香港聯合交易所有限公司對本補充通函的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本補充通函全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 此乃要件 請即處理 閣下如對本補充通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的股票經紀或其他 註冊證券商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下的中國鋁業股份有限公司的股份全部售出，應立即將本補充通函送交買主或 經手買賣的銀行、股票經紀或其他代理商，以便轉交買主。 補充通函 2025年第三次臨時股東會 與中鋁集團之間的日常性持續關連交易； 新金融服務協議項下之須予披露的交易及持續關連交易； 及 有關雲鋁股份收購附屬公司少數股權的關連交易 | 釋義 | | ii | | --- | --- | --- | | 董事會函件 | | 1 | | 獨立董事委員會函件 | | 62 | | 建泉融資函件 | | 64 | | 附錄一 關於盈利預測之申報核數師函件 | － | 101 | | 附錄二 關於盈利預測之董事會函件 | － | 104 | | 附錄三 一般資料 | － ...

股票代码：601600 股票简称：中国铝业 公告编号：临2025-074 中国铝业股份有限公司 关于2025年第三次临时股东会增加临时提案的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、股东会有关情况 1. 股东会的类型和届次：2025年第三次临时股东会 2. 股东会召开日期：2025 年 12 月 22 日 3. 股权登记日 | 股份类别 | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | | Ａ股 | 601600 | 中国铝业 | 2025/12/16 | 二、增加临时提案的情况说明 1. 提案人：中国铝业集团有限公司 三、除上述拟增加的临时提案外，公司于2025 年 11 月 7 日公告的原股东会通知事 项不变。 四、增加临时提案后股东会的有关情况。 （一）现场会议召开的日期、时间和地点 2. 提案程序说明 中国铝业股份有限公司（以下简称"公司"）已于2025 年 11 月 7 日披露了《中国铝 业股份有限公司关于召开2025年第三次临时股东会的通知》（公告编 ...

Market Overview - The Hong Kong stock market experienced a significant decline, with the Hang Seng Index falling by 1.28% to close at 25,760.73 points, while the Hang Seng China Enterprises Index and the Hang Seng Tech Index dropped by 1.68% and 1.58%, respectively [1][2]. Sector Performance - Major technology stocks and large financial stocks collectively dragged down market sentiment, with notable declines in companies like Bilibili (-3%), NetEase (-2.94%), and Alibaba (-2.17%) [4][5]. - The financial sector also faced losses, particularly in insurance stocks, with China Pacific Insurance down by 4% and China Life Insurance down by over 3% [6]. - The biopharmaceutical sector saw declines, with WuXi AppTec falling by over 3% and other major players like BeiGene and WuXi Biologics also experiencing losses [7]. Commodity and Other Stocks - In contrast, stocks in the non-ferrous metals and precious metals sectors performed well, with China Molybdenum and China Aluminum rising by over 2% [8]. - Airline stocks strengthened, with China Eastern Airlines and China Southern Airlines both gaining over 2%, supported by a new action plan promoting the integration of cultural tourism and civil aviation [9]. Capital Flows - Southbound capital saw a net inflow of 2.279 billion HKD, indicating continued interest in Hong Kong stocks from mainland investors [9]. Future Outlook - Analysts suggest that the current market adjustments may create opportunities for recovery in 2026, with expectations of a necessary interest rate cut in December due to rising unemployment and declining real wages [11].

截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國鋁業股份有限公司 呈交日期: 2025年12月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 601600 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 13,211,666,110 | RMB | | 1 | RMB | | 13,211,666,110 | | 增加 / 減少 (-) | | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 13,211,666,110 | RMB | | 1 | RMB | | 13,211,666,110 | | 2. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 ( ...

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling 1.28% to close at 25,760.73 points, marking a loss of 334.32 points. The total trading volume was 164.36 billion HKD [1] - The Hang Seng China Enterprises Index dropped 1.68% to 9,028.55 points, while the Hang Seng Tech Index fell 1.58% to 5,534.92 points [1] Blue Chip Performance - Techtronic Industries (00669) led the blue-chip stocks, rising 3.15% to 94.9 HKD, contributing 6.66 points to the Hang Seng Index. Citigroup initiated a 30-day positive catalyst observation for the company [2] - Other notable blue-chip movements included WH Group (00288) up 1.8% to 8.47 HKD, while China Life (02628) fell 3.59% to 26.32 HKD, dragging the index down by 11.43 points [2] Sector Highlights - Precious metals and copper-aluminum sectors saw gains amid rising expectations for Federal Reserve interest rate cuts. Bitcoin reached a two-week high, boosting some cryptocurrency stocks [3] - The automotive sector continued to decline, with companies like XPeng Motors (09868) down 4.25% and GAC Group (02238) down 2.35%, reflecting weak market demand [4] Cryptocurrency Stocks - Several cryptocurrency-related stocks rose, including Boyaa Interactive (00434) up 5.19% and New Horizon Health (01611) up 2.3%, driven by increasing Bitcoin prices and a shift in institutional attitudes towards cryptocurrency [4] New Listings - Two new stocks debuted, with Lemo Technology (02539) surging 36.25% to 54.5 HKD, and Jinyan Kaolin New Materials (02693) rising 2.19% to 7.46 HKD. Lemo Technology is ranked first in the Chinese massage service market by transaction volume [5][6] Notable Corporate Announcements - Longpan Technology (02465) saw a significant increase of 12.21% to 16.54 HKD after announcing a long-term procurement agreement with Sunwoda for lithium iron phosphate cathode materials, expected to generate sales of approximately 4.5 to 5.5 billion CNY [7] - China Pacific Insurance (02328) continued to decline, down 4% to 17.04 HKD, amid rumors regarding the status of its executives [9]

Core Insights - COMEX gold, silver, and copper prices experienced a decline, while aluminum prices rose over 3%, indicating strong performance in aluminum-related stocks [1] - As of the end of November, COMEX gold has appreciated over 52% this year, but the volatility has increased significantly, leading to a widening divergence in market sentiment [1] - Central bank activities regarding gold purchases or sales are identified as the primary explanatory variable for current gold prices, with recent sales by the Philippine and Russian central banks raising concerns about overvaluation [1] Group 1 - COMEX gold prices have seen a significant increase of over 52% year-to-date as of November [1] - The volatility in gold prices has intensified, with a notable increase in market divergence [1] - Central banks' gold purchasing and selling activities are crucial factors influencing gold price movements, with recent sales by the Philippine and Russian central banks indicating potential overvaluation [1] Group 2 - The outlook for central bank gold purchases and increased investment demand is expected to support higher precious metal prices in the medium to long term [2] - Short-term factors such as low inventory levels and potential demand release are likely to increase price elasticity, with silver recently reaching new highs [2] - Key resistance levels for London gold are identified at 4250 and 4400, with support at 4000 [2]

Group 1 - The Hang Seng Index fell by 0.97%, down 252 points, closing at 25,842 points, while the Hang Seng Tech Index dropped by 1.3% [1] - China Aluminum (02600) rose by 5.66% as it plans to acquire stakes in three subsidiaries, enhancing its control [1] - CGN Mining (01164) increased by over 3% due to two major uranium suppliers lowering their 2026 production guidance, tightening supply and supporting uranium prices [1] - Longpan Technology (02465) surged over 10% after its subsidiary signed a nearly 5 billion yuan long-term contract with Sunwoda [1] - Yunji (02670) rose over 5%, reaching a new high since its listing, up 70% from its IPO price, leading in the smart hotel robot application competition [1] - Yijun Group Holdings (02442) resumed trading and skyrocketed by 66% after a change in controlling stake, receiving a buyout offer at over 80% discount [1] Group 2 - Lemo Technology (02539) debuted with a 68% increase, recognized as a leader in shared massage equipment [2] - Jinyan Gaoling New Materials (02693) also debuted, rising by 3%, being the largest producer of precision casting mullite materials in China [2] - Yidu International Holdings (00259) increased by over 7%, with its subsidiary, Canfeng Information, being a core client and shareholder of the domestic AI chip star company, Muxi, which will start its Sci-Tech Innovation Board subscription on December 5 [2] Group 3 - Capital界金控 (00204) plummeted over 50%, with mid-term losses expanding 3.73 times to 50.13 million HKD [3] Group 4 - XPeng Motors-W (09868) fell over 4%, with November sales declining by 12% month-on-month, failing to meet the target of 40,000 units [4]

Group 1 - The Hang Seng Index fell by 0.97%, down 252 points, closing at 25,842 points, while the Hang Seng Tech Index dropped by 1.3% [1] - China Aluminum (601600) (02600) rose by 5.66% as it plans to acquire stakes in three subsidiaries, enhancing its control [1] - CGN Mining (01164) increased by over 3% due to two major uranium suppliers lowering their 2026 production guidance, tightening supply and supporting uranium prices [1] - Longpan Technology (603906) (02465) surged over 10% after its subsidiary signed a nearly 5 billion yuan long-term contract with Sunwoda [1] - Yunji (02670) rose over 5%, reaching a new high since its listing, up 70% from its IPO price, leading in the smart hotel robot application competition [1] - Yijun Group Holdings (02442) resumed trading and skyrocketed by 66% after a change in controlling stake, receiving a buyout offer at over 80% discount [1] - LeMo Technology (02539) debuted with a 68% increase, recognized as a leader in shared massage equipment [1] - Jinyan Gaoling New Materials (02693) also debuted, rising by 3%, being the largest producer of precision casting mullite materials in China [1] - Yidu International Holdings (00259) increased by over 7% as Muxi Co., Ltd. plans to initiate its Sci-Tech Innovation Board application on December 5 [1] - Capital Market Financial Holdings (00204) plummeted over 50%, with mid-term losses expanding 3.73 times to 50.13 million HKD [1] Group 2 - XPeng Motors-W (09868) fell over 4% as November sales declined by 12% month-on-month, failing to meet the target of 40,000 units [2]

Group 1 - The Hang Seng Index fell by 0.97%, down 252 points, closing at 25,842 points, while the Hang Seng Tech Index dropped by 1.3% [1] - China Aluminum (02600) rose by 5.66% as it plans to acquire stakes in three subsidiaries, enhancing its control [1] - CGN Mining (01164) increased by over 3% due to two major uranium suppliers lowering their 2026 production guidance, tightening supply and supporting uranium prices [1] - Longpan Technology (02465) surged over 10% after its subsidiary signed a nearly 5 billion yuan long-term contract with Sunwoda [1] - Yunji (02670) rose over 5%, reaching a new high since its listing, now 70% above its IPO price, leading in the smart hotel robot application competition [1] Group 2 - Yijun Group Holdings (02442) resumed trading and skyrocketed by 66% after a change in controlling interest, receiving a buyout offer at over 80% discount [2] Group 3 - Lemo Technology (02539) debuted with a 68% increase, recognized as a leader in shared massage equipment [3] - Jinyan High-Alumina New Materials (02693) also debuted, rising by 3%, being the largest producer of precision casting mullite materials in China [3] - Yidu International Holdings (00259) increased by over 7%, with its subsidiary, Sanfeng Information, being a core client and shareholder of domestic AI chip star company Muxi, which will start its Sci-Tech Innovation Board subscription on December 5 [3] Group 4 - Capital界金控 (00204) plummeted over 50%, with mid-term losses expanding 3.73 times to 50.13 million HKD [4] Group 5 - XPeng Motors-W (09868) fell over 4% as November sales decreased by 12% month-on-month, failing to meet the target of 40,000 units [5]

汇丰发布研报称，展望明年中国铝行业基本面转强，下游需求持续增长，潜在供应短缺会成为市场关注 重点，预期中国产能维持4,500万吨上限，全球新增产能则依然有限，在电动车行业发展及电网投资的 支持下，中国需求维持稳固，来自建筑行业的拖累预期减弱，预料2026年铝价将按年增长6%，并存在 上行风险，继续列铝业股为中国材料板块的首选。 本文源自：智通财经网 消息面上，中国铝业近日宣布，云铝股份拟向云南冶金收购云铝涌鑫、云铝润鑫及云铝泓鑫股权。这三 家公司均为云铝股份的控股子公司。本次收购完成后，云南冶金不再持有三家公司股权，有利于云铝股 份优化所属企业股权结构，实现铝资产专业化归集，提高权益电解铝产能，符合云铝股份做优做强核心 主业的战略目标。 智通财经获悉，中国铝业(02600)早盘涨超4%，截至发稿，涨3.34%，报11.13港元，成交额2.25亿港 元。 ...