Announcement of Chang Aluminum Co., Ltd. on the Progress of Major Asset Reorganization Implementation

Announcement of Progress Made by Jiangsu Chang Aluminum Co., Ltd. on Major Asset Restructuring

The company and all members of the board of directors ensure that the content of the announcement is true, accurate and complete, and there are no false records, misleading statements or major omissions.

Jiangsu Chang Aluminum Co., Ltd. (hereinafter referred to as "Company" and "Listed Company") received the "China Securities Regulatory Commission" (hereinafter referred to as "China Securities Regulatory Commission") "Certificate Supervision License [2015] No. 266" "on approval of Jiangsu Changzhou After Aluminium and Aluminum Industry Co., Ltd. issued a share approval to Shanghai Lang Lang Industrial Development Co., Ltd., etc. to issue assets to buy assets and raise matching funds, it announced the contents of the approval and launched on Feb. 26, 2015 at http://www.cninfo.com.cn. The implementation of this major asset restructuring. Up to now, the implementation progress of this major asset reorganization is as follows:

I. Delivery and transfer of assets

The underlying assets of this major asset reorganization have been transferred to the listed company and Baotou Chang aluminum. The listed company and Baotou Changlv have jointly held 100% equity of Langmai shares.

Second, the implementation of non-public offering of shares to the counterparty

On April 3, 2015, the Shenzhen Branch of China National Registration and Settlement Co., Ltd. issued a “Confirmation Letter for the Acceptance of Securities Registration Applications”, and the registration of the additional shares for the purchase of assets for the issuance of major assets reorganization has been completed. At present, listed companies are actively handling the above-mentioned issues related to the listing of new shares.

Third, the implementation of the matching funds raised

After the completion of the listing of the new shares to be purchased for the shares to be issued, the listed company will start the related work of raising matching funds. The success of raising matching funds does not affect the implementation of this payment of cash and the purchase of assets to issue shares.

The company will step up the implementation of this major asset restructuring plan and will promptly announce the progress of implementation in accordance with relevant regulations.

Special announcement

Jiangsu Chang Aluminum Aluminum Industry Co., Ltd.

Board of Directors

April 21, April 21