Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

OVERSEAS REGULATORY ANNOUNCEMENT

AND INSIDE INFORMATION

ANNOUNCEMENT ON ESTIMATED PROFIT INCREASE

FOR THE YEAR OF 2017

This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong) and Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board of directors (the "Board") of Aluminum Corporation of China Limited* (the "Company") and all directors warrant that there are no misrepresentations and misleading statements contained in, or material omissions from, this announcement, and severally and jointly accept full responsibility for the truthfulness, accuracy and completeness of the contents of this announcement.

Important notice:

  • • The results of the Company is expected to increase by approximately RMB960 million, representing a year-on-year increase of approximately 239%.

  • • The results after non-recurring profit and loss of the Company is expected to increase by approximately RMB1,170 million.

  • I. ESTIMATED RESULTS FOR THE PERIOD

    (I) Period for estimated results

    From 1 January 2017 to 31 December 2017.

    (II) Estimated results

    • 1. Based on the preliminary calculations of the finance department, the Company is expected to record an increase of approximately RMB960 million in the net profit attributable to the owners of the parent for the year 2017 as compared with that of the corresponding period of the preceding year, or a year-on-year increase of approximately 239%; and an increase of approximately RMB990 million as compared with the restated figure of the corresponding period of the preceding year, or a year-on-year increase of approximately 269%.

    • 2. Net profit attributable to the owners of the parent after non-recurring profit and loss is expected to increase by approximately RMB1,170 million as compared with that of the corresponding period of the preceding year; and approximately RMB1,210 million as compared with the restated figure of the corresponding period of the preceding year.

  • II. RESULTS FOR THE CORRESPONDING PERIOD OF THE PRECEDING YEAR

    (I) Net profit attributable to the owners of the parent: RMB402.49 million. Net profit attributable to the owners of the parent after non-recurring profit and loss: RMB-363.72 million.

    (II) Profit per share: RMB0.02.

III. MAJOR REASONS FOR THE ESTIMATED PROFIT INCREASE FOR

THE PERIOD

The estimated profit increase for the period was mainly due to the intensified efforts on the supply-side structural reform and the implementation of stringent environmental protection policy of Chinese government as well as the optimization of industrial layout and continuous cost reduction and efficiency improvement of the Company, which has resulted in the substantial increase in the gross profit margin of the principal products of the Company as compared with the corresponding period of the preceding year.

IV. RISK WARNING

  • 1. The estimated results of the Company for the period have not been audited by Certified Public Accountants.

  • 2. There is no material uncertainty in respect of the Company which will affect the accuracy of the content of this estimated results announcement.

V. OTHER RELEVANT MATTERS

The above estimated results are preliminary calculations only. Finalized details of the financial information of the Company will be disclosed in the audited annual report of the Company for the year of 2017. Investors are advised to be aware of the investment risks involved.

Announcement is hereby given.

By order of the Board

Aluminum Corporation of China Limited*

Zhang Zhankui

Company Secretary

Beijing, the PRC

30 January 2018

As at the date of this announcement, the members of the board of directors comprise Mr. Yu Dehui, Mr. Ao Hong, Mr. Lu Dongliang and Mr. Jiang Yinggang (Executive Directors); Mr. Liu Caiming and Mr. Wang Jun (Non-executive Directors); Ms. Chen Lijie, Mr. Hu Shihai and Mr. Lie-A-Cheong Tai Chong, David (Independent Non-executive Directors).

* For identification purposes only

CHINALCO - Aluminum Corporation of China Ltd. published this content on 30 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 January 2018 15:59:00 UTC.

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