CHALIECO (02068.HK): wins EPC contract for 2.4 mtpa alumina project in Vietnam, contract price USD833 million

NewTimeSpace News: CHALIECO (02068.HK) (A share code: 601068.SH) announced that on 23 October 2026, the Company won the bid for the 2.4 million tonnes per annum alumina project of Binh Phuoc Ore Mining and Beneficiation Joint Stock Company in Vietnam, and received the letter of award issued by the project owner.

According to the announcement, the project will be undertaken on an EPC turnkey basis with the Company as the successful bidder. The total contract price is USD833 million, equivalent to approximately RMB5.595 billion, subject to the final price stipulated in the EPC contract to be signed by the parties. The contract period is 27 months from the effective date of the contract. The scope of work covers the design, supply of materials and equipment, construction, installation, commissioning and training for the alumina refinery.

The Company said that if the contract is formally entered into and implemented smoothly, it will help expand the Company's operating scale, have a positive impact on its results for the current and future years and enhance its sustainable profitability, although the specific amount of the financial impact cannot yet be measured. It cautioned that no contract has yet been signed with the relevant parties and that the total project amount and specific implementation details are subject to the formal contract. As the project is located overseas, implementation may be subject to overseas operating risks including changes in the local political environment, adjustments to laws and regulations, foreign exchange controls, natural conditions and changes in the social and economic environment.