Summary by Futu AI
On July 30, 2024, Aluminum Corporation of China held its 12th Supervisory Board meeting of the eighth session, which passed a resolution on repurchasing and cancelling restricted stocks that were granted to incentive objects but have not yet been lifted from restriction, and adjusting the repurchase price. The repurchase and cancellation this time involves 41 incentive objects, totaling 1.882319 million shares, which will lead to a corresponding reduction in the company's registered capital. The repurchase price was adjusted according to the equity distribution in 2023, and the repurchase price of the initially granted restricted stocks was adjusted from RMB 3.01/share to RMB 2.93/share, and the repurchase price of the reserved restricted stocks was adjusted from RMB 2.17/share to RMB 2.09/share. The Supervisory Board believes that this action is in accordance with the relevant laws and regulations and the company's incentive plan, and does not harm the interests of the company and its shareholders.