Announcement of Intention to Delist American Depositary Shares from the New York Stock Exchange and Intention to Deregister and Terminate Reporting Obligations under the U.S. Securities Exchange Act
2022年8月12日 - 7:27PM
JCN Newswire
Aluminum Corporation of China Limited ("Chalco" or the
"Company")(NYSE: ACH; HKEx: 2600; SSE: 601600) today announced that
it has notified the New York Stock Exchange ("NYSE") on August 12,
2022 (U.S. Eastern Time) of its proposed application for voluntary
delisting of its American depositary shares (the "ADSs") from the
NYSE and deregistration of such ADSs and the underlying overseas
listed foreign shares (the "H Shares", with a par value of RMB1
each) under the U.S. Securities Exchange Act of 1934, as amended
(the "Exchange Act"). Due to a number of considerations, including
the limited trading volume of the ADSs of the Company as compared
to the worldwide trading volume of H Shares of the Company, and the
considerable administrative burden and costs associated with
maintaining the listing of the ADSs on the NYSE and the
registration of the ADSs and the underlying H Shares with the U.S.
Securities and Exchange Commission (the "SEC") and complying with
the periodic reporting and related obligations under the Exchange
Act, the board of directors (the "Board") of the Company approved
the delisting of the ADSs from the NYSE and the deregistration of
the ADSs and underlying H Shares under the Exchange Act.
As such, the Company intends to file a Form 25 with the SEC on or
around August 22, 2022, to delist its ADSs from the NYSE. Such
delisting is expected to become effective ten days after the filing
of Form 25. The last trading day of ADSs on the NYSE will be on or
about 1 September 2022. On and after such date, the ADSs of the
Company will no longer be listed on the NYSE and whether or not the
Company's ADSs will be traded on the over-the-counter market
thereafter will depend on the actions of shareholders and
independent third parties, without the Company's involvement.
After the delisting becomes effective, once the Company satisfies
the conditions for deregistration, the Company intends to file a
Form 15F with the SEC to deregister the ADSs and underlying H
Shares under the Exchange Act. Thereafter, the reporting
obligations for the Company under the Exchange Act will be
suspended unless Form 15F is subsequently revoked or rejected. The
deregistration and the termination of the reporting obligations of
the Company under the Exchange Act are expected to become effective
90 days after the filing of Form 15F. Upon the filing of Form 15F,
the Company will make available the information required by Rule
12g3-2(b) under the Exchange Act on its website at
www.chalco.com.cn. The Company, as a listed issuer, will also
continue to comply with its financial reporting and other
obligations under the Rules Governing the Listing of Securities on
The Stock Exchange of Hong Kong Limited (the "Listing Rules").
The Company intends to terminate its ADSs program in an appropriate
manner in accordance with the deposit agreement in due course after
the delisting of the ADSs from the NYSE.
The Company reserves its right in all aspects to postpone or
withdraw the above filings prior to their effectiveness; if
necessary, the Company will make any further announcement as
required by the Listing Rules and other applicable laws.
ABOUT CHALCO
Chalco is a leading enterprise in the non-ferrous metal industry in
China, ranking among the top in the global aluminum industry in
terms of comprehensive strengths, and is a large manufacturer and
operator with the integration of exploration and mining of bauxite,
coal and other resources; production, sales and technology research
of alumina, primary aluminum, aluminum alloy and carbon products;
international trade and logistics services, as well as electricity
generation from coal and new energy.
CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS
OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This announcement may contain, in addition to historical
information, "forward-looking statements" within the meaning of the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995 and Section 27A of the U.S. Securities Act of
1933 and Section 21E of the U.S. Securities Exchange Act of 1934.
These forward-looking statements are based on the Company's current
assumptions, expectations and projections about future events. The
Company uses words like "believe", "anticipate", "intend",
"estimate", "expect", "project" and similar expressions to identify
forward-looking statements, although not all forward-looking
statements contain such words. These forward-looking statements are
necessary estimates reflecting the judgment of the Company's senior
management and involve significant risks, both known and unknown,
uncertainties and other factors that may cause the Company's actual
performance, financial condition, or results of operations to be
materially different from those suggested by the forward-looking
statements. Except as required by law, the Company undertakes no
obligation and does not intend to update any forward-looking
statement, whether as a result of new information, future events or
otherwise.
For enquiries, please contact:
Aluminum Corporation of China Limited
Mr. Ge Xiaolei, Company Secretary
Tel: (86-10) 8229 8322
Fax: (86-10) 8229 8158
Email: xl_ge@chalco.com.cn; IR@chalco.com.cn
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