Huayou Cobalt to cancel restricted shares, notifies creditors

Zhejiang Huayou Cobalt (SSE:603799) will reduce its registered capital by cancelling restricted shares after shareholder approval on July 2, 2025. The cancellation involves 271,500 shares from terminated employees due to job changes, retirement, or resignation related to the 2023 Restricted Stock Incentive Plan, plus 2,784,780 shares due to company performance targets not being met, and 118,700 shares due to employee terminations/resignations related to the 2024 plan. Following the cancellation, the company's total share capital will decrease from 1,701,522,003 to 1,698,347,023 shares, and the registered capital will similarly decrease from CNY 1,701,522,003 to CNY 1,698,347,023. Creditors are now notified and have 45 days to claim debt settlement or guarantees.