According to the Zhitong Finance App, Jiangxi Copper (600362.SH) announced that the company plans to split its subsidiary Jiangxi Copper Copper Foil Technology Co., Ltd. (abbreviation: Jiangtong Copper Foil) and list it on the main board of the Hong Kong Stock Exchange. After the completion of this spin-off, the company's shareholding structure will not change significantly as a result, and it will still maintain control over Jiangtong Copper Foil.

Through this spin-off, Jiangtong Copper Foil will be independently listed as a copper foil business platform under Jiangxi Copper, using the Hong Kong capital market to broaden financing channels, enhance financial strength, and improve incentive mechanisms, which will help it continue to strengthen its comprehensive competitiveness, brand awareness and market influence in the field of electrolytic copper foil. At the same time, Jiangxi Copper will further achieve business focus and comprehensively enhance the company's overall competitiveness. This spin-off is fully in line with the country's strategic plan to accelerate the iterative upgrading of the non-ferrous metals industry and the industrialization of electronic information. It helps improve the layout of the high-end copper foil industry chain and accelerate the development and production capacity implementation of high-precision copper foil technology for electronic circuits and lithium batteries.

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