Jiangxi Copper Company Limited (SEHK:358) announced the spin-off of JCC Yates Copper Foil Company Limited on February 22, 2022. Jiangxi Copper Company Limited convened the sixth meeting of the ninth session of the Board and the fourth meeting of the ninth session of the supervisory committee of the Company to consider and approve the Resolution on the Proposed Spin-off and Listing of a Controlled Subsidiary of Jiangxi Copper Company Limited and unanimously agree with the proposed spin-off and listing of JCC Copper Foil. The Board authorized the management of the Company and JCC Copper Foil to initiate the preliminary preparations for the Proposed Spin-off and Listing. After the Proposed Spin-off and Listing, Jiangxi Copper Company Limited will still maintain control over JCC Copper Foil, and will not constitute actual impact on the continuous operations of other business segments of Jiangxi Copper Company Limited , and will not prejudice the independent listing status and continuous profitability of the Company. The Proposed Spin-off and Listing will not result in any change of the shareholding structure of Jiangxi Copper Company Limited. The independent Directors unanimously agree to initiate the preliminary preparations for the Proposed Spin-off and Listing. The Supervisory Committee agrees the Company to initiate the preliminary preparations for the Proposed Spin-off and Listing. As on April 11, 2022 board approved a preliminary proposal for the spinoff and separate listing of its copper foil business. On May 20, 2022, Jiangxi Copper Company Limited convened the tenth meeting of the ninth session of the board of directors and all Directors unanimously approved the transaction. The Hong Kong Stock Exchange has approved the transaction on July 28, 2022. On April 6, 2022, JCC Copper Foil submitted the filing application of materials on tutoring to Jiangxi Supervisory Commission of CSRC (the ?Jiangxi Supervisory Commission?), and the filing application accepted by Jiangxi Supervisory Commission on April 13, 2022 and the tutoring institution is CITIC Securities Company Limited. On September 19, 2022, JCC Copper Foil received the Letter Regarding the Completion of Inspection and Acceptance Work for Tutoring Work by CITIC Securities Company Limited from Jiangxi Supervisory Commission. Jiangxi Supervisory Commission has finished the inspection and acceptance of the tutoring work for JCC Copper Foil for the application for public offering and listing on the ChiNext. The application for public offering and listing on the ChiNext of JCC Copper Foil is subject to approval from SZSE and CSRC. As of September 27, 2022, Jiangxi Copper Company Limited announced that JCC Copper Foil received the notice on the acceptance of Jiangxi JCC Copper Foil Technology Company Limited?s application documents for the initial public offering and listing of shares on chinext from SZSE on September 26, 2022. As of March 28, 2024, Jiangxi Copper Company Limited held the 29th meeting of the 9th board of directors, in which the proposal to request for the shareholders? meetings? authorization of the board of directors and the validity period for the processing of matters related to the split and listing of Jiangxi JCC Copper Foil Technology Company was reviewed and approved.

Jiangxi Copper Company Limited (SEHK:358) terminated the spin-off of JCC Yates Copper Foil Company Limited on June 4, 2024.