Hongqiao Holdings: The company is expected to have a capital expenditure of approximately 9 billion yuan in 2026; currently there are no plans for further expansion in the aluminum processing sector.

Hongqiao Holdings stated at the performance briefing on May 15 that the company is expected to have capital expenditure of about 9 billion yuan in 2026. The aluminum processing sector will focus on upgrading processing capacity in Yunnan region, enhancing the local consumption capacity of regional electrolytic aluminum by establishing new processing capacity, further consolidating and extending the synergies of the entire industrial chain. Some related projects have been announced in March 2026 and included in the first batch of major provincial projects list in Yunnan Province for 2026, and have been disclosed publicly in accordance with regulations. Currently, the company has no new expansion plans for the aluminum processing sector.