Core Points - The announcement details the completion of the pledge release of shares by the controlling shareholder, Nanshan Group, related to the non-public issuance of exchangeable bonds [2][4] - Nanshan Group holds 2,428,227,173 shares, accounting for 20.91% of the total share capital of Nanshan Aluminum [2] - After the release of the pledge, Nanshan Group has pledged a total of 444,513,883 shares, which is 3.83% of the total share capital [2] - The exchangeable bonds issued by Nanshan Group have a total scale of 883.33 million yuan and a term of 3 years [4][5] - The exchange price for the bonds will be adjusted to 3.40 yuan per share starting from May 12, 2025 [5] Group 1 - As of the announcement date, Nanshan Group and its concerted action party, Yili Electric Power Co., Ltd., hold a total of 5,009,271,763 shares, representing 43.13% of the total share capital [2] - Yili Electric Power has pledged 575,000,000 shares, which is 4.95% of the total share capital [2] - The exchangeable bonds have entered the exchange period, which lasts until April 21, 2026 [4] Group 2 - The company will fulfill its information disclosure obligations in accordance with relevant laws and regulations if there are subsequent pledge plans [2] - The company will closely monitor the progress of the exchangeable bonds and continue to fulfill its information disclosure obligations [5]