[Nanshan Aluminum: plans to transfer 80% equity interest in Shandong Hongshan to CNAC] Xinhua News Agency, Nanshan Aluminum announced that the company and CNAC discussed and negotiated many times on the basis of the previously signed cooperation framework intention agreement, and finally reached an agreement on the transfer of 80% equity in Shandong Hongshan Aviation forging Co., Ltd. (referred to as "Shandong Hongshan") and signed the equity transfer agreement on June 2. The final transfer price shall be agreed upon in the supplementary agreement after audit and evaluation. After the completion of the equity sale, the company holds a 20% stake in Shandong Hongshan.