The decrease in the volume of bauxite extracted from our mines in 2019 was primarily because the time of effective production by certain of our mines was reduced in response to the higher standards and requirements of environmental protection in certain areas as well as we were in the process of application for the administrative approvals for mining in new mining areas while some of our existing mining areas had become depleted. The materials will (l) describe the matters to be voted on; (2) include a statement that the ADR holders as of the close of business on a specified record date will be entitled to instruct the Depositary to exercise the voting rights, subject to PRC law and the provisions of our Articles of Association; and (3) explain how you, by a certain date, may instruct the Depositary to vote the H Shares or other deposited securities underlying your ADSs as you direct. In accordance with the acting-in-concert agreement signed between the Company and Hangzhou Jinjiang Group Co., Ltd.* (“Hangzhou Jinjiang”)(杭州錦江集團有限公司), Hangzhou Jinjiang would exercise the shareholders’ and board of directors’ votes in concert with the Group. Although we were profitable in the recent period from 2015 through 2019, we recorded a net loss of approximately RMB17.1 billion in 2014 and have been recording accumulated losses since 2014.

The minutes of meetings shall be kept for at least 10 years.The directors shall be liable for the resolutions of the Board of Directors.

There have been no litigations, claims or assessments against the Group for compensation with respect to the use of these buildings as at the date of approval of these financial statements.As at December 31, 2019, the carrying value of these buildings only represented approximately 3.60% of the Group’s total asset value (December 31, 2018: 2.81%). Therefore, the definition of a lease under IFRS 16 has been applied only to contracts entered into or changed on or after January 1, 2019.For the years ended December 31, 2017, 2018 and 2019The Group has lease contracts for various items of property, machinery, vehicles and other equipment. In 2019, the aggregate amount of cash compensation paid by us to our directors, supervisors and other members of senior management for services performed in connection with their respective capacities above was approximately RMB3.6 million, RMB2.3 million and RMB2.5 million, respectively. The Company can appoint two out of the five directors of the board of directors. The interest rates are regulated by the PBOC and our Group treasury closely monitors the fluctuation on such rates periodically. The candidates for the supervisors who represent the shareholders shall be nominated by the Board of Directors, the Board of Supervisors and a shareholder alone or shareholders together holding at least 3 percent of the Company’s shares, and shall be elected and removed by the Shareholders’ General Meeting of the Company. The notice shall include the following statements:believing that the resignation does not involve any statement that shall be described to the Company’s shareholders or creditors; ora notice is deposited under the preceding paragraph, the Company must within 14 days send a copy of the notice to the competent authority. Board approvals are also required for any amendment to the certificate of incorporation, but no governmental approval is generally required.Under PRC law, the board of directors is responsible for specified actions, including the following functions and powers of a joint stock company:In addition, the Mandatory Provisions provide that the board of directors has the authority to formulate any proposal to amend the articles of association and to exercise any other power conferred by a decision of the shareholders’ meeting and that the issuance of bonds must be approved by the shareholders in a general meeting by way of a special resolution.Under Delaware law, the business and affairs of a Delaware corporation are managed by or under the direction of its board of directors.