09:48     CHALCO<02600> - Announcement                                        

    The Stock Exchange of Hong Kong Limited takes no responsibility for       
    the contents of this announcement, makes no representation as to its      
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon the    
    whole or any part of the contents of this announcement.                   
                                                                              
    Aluminum Corporation of china Limited*                                    
    (A joint stock limited company Incorporated in the People's Republic      
    of China with limited liability)                                          
                                                                              
    (Stock Code: 2600)                                                        
                                                                              
    WAIVER FROM THE STOCK EXCHANGE IN RELATION                                
    TO THE APPOINTMENT OF QUALIFIED ACCOUNTANT                                
                                                                              
                                                                              
    The Company wishes to announce that the Stock Exchange has granted a      
    conditional waiver from strict compliance of Rule 3.24 of the Listing     
    Rules in relation to the appointment of a qualified accountant to the     
    Company for a period of 3 years from 28 April 2005.                       
                                                                              
    Aluminum Corporation of China Limited (the "Company") wishes to           
    announce that the Stock Exchange has granted a waiver (the "Waiver")      
    from strict compliance of Rule 3.24 of the Rules Governing the Listing    
    of Securities on the Stock Exchange (the "Listing Rules") in relation     
    to the appointment of a qualified accountant to the Company.              
                                                                              
    Pursuant to Rule 3.24 of the Listing Rules, the Company must employ a     
    qualified accountant on a fulltime basis who must be a qualified          
    accountant and a fellow or associate member of Hong Kong Society of       
    Accountants (now known as Hong Kong Institute of Certified Public         
    Accountants ("HKICPA")) or a similar body of accountants recognized by    
    HKICPA for the purpose of granting exemption from the examination         
    requirement for membership of HKICPA (the "HKICPA Qualification").        
                                                                              
    Mr. Chen Jihua, an executive director, Vice President and the Chief       
    Financial Officer of the Company, is able to meet the other               
    requirements as set out in Rule 3.24 of the Listing Rules except he       
    does not possess the HKICPA Qualification.                                
                                                                              
    The Company has entered into an engagement letter for an initial          
    period of 3 years with Mr. Wang Jianhui, who is an associate member of    
    the Association of Chartered Certified Accountants and a certified        
    public accountant of the Chinese Institute of Certified Public            
    Accountants, to provide assistance to Mr. Chen Jihua in the discharge     
    of his duties as a qualified accountant under Rule 3.24 of the Listing    
    Rules.                                                                    
                                                                              
    The Waiver granted by the Stock Exchange to the Company will cease on     
    the earlier of: (a) 27 April 2008, being 3 years from the date of the     
    Waiver; (b) the date the term of appointment of Mr. Wang Jianhui ends;    
    or (c) the date Mr. Wang Jianhui is no longer able to assist Mr. Chen     
    Jihua. The Company will then immediately notify the Stock Exchange and    
    take steps to comply with Rule 3.24 of the Listing Rules.                 
                                                                              
    As at the date of this announcement, the Directors are Mr. Xiao           
    Yaqing, Mr. Xiong Weiping, Mr. Luo Jianchuan, Mr. Chen Jihua              
    (Executive Directors), Mr. Joseph C. Muscari (Non-Executive Director)     
    and Mr. Chiu Chi Cheong, Clifton, Mr. Wang Dianzuo and Mr. Kang Yi        
    (Independent Non-Executive Directors).                                    
                                                                              
    By Order of the Board of Directors of                                     
    Aluminum Corporation of China Limited                                     
    Liu Qiang                                                                 
    Company Secretary                                                         
    23 May 2005                                                               
                                                                              
    * For identification only