Jiangxi Copper: Plans to spin off its subsidiary, Jiangxi Copper Foil, for listing on the main board of the Hong Kong Stock Exchange.

Jiangxi Copper announced that the company plans to spin off its subsidiary Jiangxi Copper Foil for listing on the Main Board of the Hong Kong Stock Exchange. This spin-off will not result in a significant change in the company's equity structure and will not affect the control of Jiangxi Copper Foil. The proposal was approved at the 18th meeting of the 10th Board of Directors on July 15. This spin-off may be suspended, terminated, or canceled due to abnormal fluctuations in stock prices or suspected insider trading, and still requires multiple approvals or filings. The approval and timing of approval are uncertain, and investors should be aware of the risks.