Group 1 - The company plans to issue up to 400 million shares at a price of HKD 29.2 per share, raising a maximum of HKD 11.68 billion, which represents a discount of approximately 9.6% from the previous trading day's closing price [1] - The funds raised will be used to optimize the capital structure and support the development of domestic and overseas projects, including a significant aluminum production capacity in China and a joint venture in Guinea [1] - The company is expected to maintain a stable performance in 2026-2027, supported by a strong outlook for aluminum prices and an improved capital structure, which may facilitate continued high dividend policies [1] Group 2 - The company is actively pursuing a "large-scale buyback + high dividend" strategy, having repurchased 1.87 million shares for HKD 2.6 billion in the first half of the year and planning a new round of buybacks totaling at least HKD 3 billion [2] - The company has maintained a dividend payout ratio above 45% since 2020, with ratios of 46.8%, 47.0%, and 63.4% over the past three years, reflecting confidence in future growth and commitment to shareholder returns [2] Group 3 - The profit margins in the electrolytic aluminum sector are expected to continue expanding, potentially offsetting downward pressure from alumina prices, as domestic production capacity is strictly limited while demand remains strong [3] - The company’s main businesses include alumina and electrolytic aluminum, with alumina prices currently at a low point, limiting the potential for significant further declines [3] - The company maintains optimistic profit forecasts for 2025-2027, with projected net profits of CNY 25.625 billion, CNY 25.426 billion, and CNY 25.760 billion, respectively, and a target price of HKD 35.22 based on a 12X PE ratio [3]

Core Viewpoint - The company emphasizes a "steady and orderly" approach to capital investment, dynamically allocating resources based on project progress and investment attraction [1] Group 1: Capital Investment Strategy - The company adheres to a principle of "steady and orderly" capital investment [1] - Resource allocation is adjusted dynamically according to project progress and investment attraction [1] Group 2: Shareholder Returns - The company prioritizes long-term stable cash dividends in its shareholder return strategy [1] - The dividend strategy is formulated considering various factors, including current and future profit scale, cash flow status, development stage, project investment needs, and financing environment [1]

Financial Performance Highlights - The CET1 Ratio reached 13.59%, a QoQ increase of 32bp[2,4] - Net income for 2Q25 was ₩1.55 trillion, up 4.1% QoQ, driven by non-interest income improvements despite higher credit costs[2] - ROE and ROTCE for 1H25 were 11.4% and 12.9% respectively, a YoY increase of 0.7%p[2,3] Balance Sheet and RWA Management - Group RWA decreased by ₩4.1 trillion (1.2% QoQ) to ₩340.6 trillion, due to portfolio adjustments and KRW appreciation[2] - KRW loans increased by ₩1.3 trillion (0.4% QoQ), driven by selective market response and reduction of low-yield assets[2] - Group Total Assets increased by 1.7% YTD to ₩752.7 trillion[10,11] Shareholder Returns - DPS for 2Q25 is ₩570, with a share buyback of ₩800 billion approved, ₩600 billion of which is planned for 2H25[2] - Total share buyback for FY2025 amounts to ₩1.25 trillion, including ₩600 billion in 2H25[2] Digital and SDGs Initiatives - SFG Gross MAU reached 23,580 thousand customers in 1H25[39] - Total Green Finance reached ₩3 trillion for 1H25, achieving 72.3% of the 2030 cumulative target of ₩30 trillion[46,47] Asset Quality - Group NPL ratio stood at 0.80%[30,34] - Loan Loss Allowance was ₩4,356.0 billion[30]