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REAL-TIME GLOBAL RESEARCH

Limited impact from US Customs‘ action on Serbian copper subsidiary

Published: 2026-06-17Institution: Morgan StanleyCompany / ticker: 2899.HK,601899.SSPages: 9Original language: EnglishEvidence page: 3

Research evidence excerpt

Limited impact from US Customs‘ action on Serbian copper subsidiary

or has an investment banking client relationship with, the following company: Aluminum

Corp. of China Ltd., Beijing Oriental Yuhong Waterproof Techn, CMOC Group Ltd, CNGR Advanced Material Co., Ltd., Ganfeng Lithium Co. Ltd., Jiangxi Copper, MMG Ltd, Shenzhen Kedali Industry

Co Ltd, Tianqi Lithium Industries Inc., Zhaojin Mining Industry, Zhejiang Huayou Cobalt Co Ltd, Zijin Gold International, Zijin Mining Group.

Within the last 12 months, Morgan Stanley has either provided or is providing non-investment banking, securities-related services to and/or in the past has entered into an agreement to provide

services or has a client relationship with the following company: China Jushi, China Steel Corp., CMOC Group Ltd, CNGR Advanced Material Co., Ltd., Ganfeng Lithium Co. Ltd., Tianqi Lithium

Industries Inc., Xinyi Glass Holding Limited, Zijin Gold International, Zijin Mining Group.

The equity research analysts or strategists principally responsible for the preparation of Morgan Stanley Research have received compensation based upon various factors, including quality

of research, investor client feedback, stock picking, competitive factors, firm revenues and overall investment banking revenues. Equity Research analysts' or strategists' compensation is not

linked to investment banking or capital markets transactions performed by Morgan Stanley or the profitability or revenues of particular trading desks.

Morgan Stanley and its affiliates do business that relates to companies/instruments covered in Morgan Stanley Research, including market making, providing liquidity, fund management,

commercial banking, extension of credit, investment services and investment banking.

The English excerpt is extracted automatically from the cited source page and may contain layout or recognition errors. It is never batch translated.

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