Aluminum of China : 2019 FIRST EXTRAORDINARY GENERAL MEETING

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold all your shares in Aluminum Corporation of China Limited*, you should at once hand this circular to the purchaser or to the bank, stockbroker or other agent through whom the sale was effected for transmission to the purchaser.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular.

2019 FIRST EXTRAORDINARY GENERAL MEETING

A notice convening the EGM to be held at the Company's conference room, No. 62 North Xizhimen Street, Haidian District, Beijing, the PRC at 2:00 p.m. on Wednesday, 20 February 2019 is set out on page 5 to page 7 of this circular.

A reply slip and a form of proxy for use at the EGM are enclosed and are also published on the website of the Hong Kong Stock Exchange (www.hkexnews.hk). Shareholders who intend to attend the EGM should complete and return the reply slip in accordance with the instructions printed thereon on or before Wednesday, 30 January 2019. Shareholders who intend to appoint a proxy to attend the EGM are requested to complete the form of proxy in accordance with the instructions printed thereon, and the form of proxy shall be returned in any event not less than 24 hours before the time appointed for the holding of the EGM or any adjournment thereof (as the case may be). Completion and return of the form of proxy will not prevent you from attending and voting in person at the EGM or any adjournment if you so wish.

4 January 2019

* For identification purposes only

CONTENTS
Page
DEFINITIONS ...............................................................	ii
LETTER FROM THE BOARD ..................................................	1
NOTICE OF 2019 FIRST EXTRAORDINARY GENERAL MEETING ..................	5
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DEFINITIONS

In this circular, the following expressions have the following meanings unless the context requires otherwise:

"A Share(s)"	the domestic share(s) issued by the Company and subscribed for in RMB,
which are listed on the Shanghai Stock Exchange;
"A Shareholder(s)"	holder(s) of A Shares;
"ADS(s)"	the American Depository Share(s) issued by the Bank of New York Mellon as
the depository bank and listed on the New York Stock Exchange, with each
ADS representing 25 H Shares;
"Articles of Association"	the articles of association of the Company;
"Board"	the board of Directors of the Company;
"Chinalco"	Aluminum Corporation of China* (ʕ਷቙ุණྠϞࠢʮ̡), a wholly state-
owned enterprise established in the PRC and the controlling shareholder of
the Company, holding directly and indirectly approximately 36.40% of the
total issued share capital of the Company as at the Latest Practicable Date;
"Company"	Aluminum Corporation of China Limited* (ʕ਷቙ٰุ΅Ϟࠢʮ̡), a joint
stock limited company established in the PRC, the A Shares, H Shares and
ADS(s) of which are listed on the Shanghai Stock Exchange, the Hong Kong
Stock Exchange and the New York Stock Exchange, respectively;
"Director(s)"	the director(s) of the Company;
"EGM"	the 2019 first extraordinary general meeting of the Company to be held at
the Company's conference room, No. 62 North Xizhimen Street, Haidian
District, Beijing, the PRC at 2:00 p.m. on Wednesday, 20 February 2019;
"H Share(s)"	the overseas-listed foreign invested share(s) in the Company's share capital,
with a nominal value of RMB1.00 each, which are listed on the Hong Kong
Stock Exchange and subscribed for in Hong Kong dollars;
"H Shareholder(s)"	holder(s) of H Shares;

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DEFINITIONS
"Hong Kong"	the Hong Kong Special Administrative Region of the PRC;
"Hong Kong Listing Rules"	the Rules Governing the Listing of Securities on The Stock Exchange of
Hong Kong Limited, as amended from time to time;
"Hong Kong Stock	The Stock Exchange of Hong Kong Limited;
Exchange"
"Latest Practicable Date"	29 December 2018, being the latest practicable date of ascertaining certain
information contained in this circular prior to its publication;
"PRC"	the People's Republic of China which, for the purposes of this circular,
excludes Hong Kong, the Macau Special Administrative Region and Taiwan;
"RMB"	Renminbi, the lawful currency of the PRC;
"Share(s)"	A Shares and H Shares;
"Shareholder(s)"	A Shareholders and H Shareholders;
"Supervisory Committee"	the supervisory committee of the Company;
"%"	per cent.

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LETTER FROM THE BOARD

Executive Directors:

Mr. Yu Dehui (Chairman) Mr. Lu Dongliang (President) Mr. Jiang Yinggang

Mr. Zhu Runzhou

Non-executive Directors: Mr. Ao Hong

Mr. Wang Jun

Independent Non-executive Directors: Ms. Chen Lijie

Mr. Hu Shihai

Mr. Lie-A-Cheong Tai Chong, DavidTo the ShareholdersDear Sirs or Madams,Registered office:

No. 62 North Xizhimen Street Haidian District

Beijing

The People's Republic of China Postal code: 100082

Principal place of business: No. 62 North Xizhimen Street Haidian District

Beijing

The People's Republic of China Postal code: 100082

Principal place of business in Hong Kong: 9/F, The Center

99 Queen's Road Central Central

Hong Kong

2019 FIRST EXTRAORDINARY GENERAL MEETING

I.

INTRODUCTION

4 January 2019

The purpose of this circular is to provide you with the notice of the EGM and all the information reasonably necessary to enable you to make informed decision on whether to vote for or against the resolution to be proposed at the EGM:

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