Huayou Cobalt significantly increases guarantees for subsidiaries and associates

Zhejiang Huayou Cobalt Co., Ltd. announced total external guarantees of 994,425.95 thousand yuan as of September 2025. By September 30, 2025, the company's cumulative external guarantee balance reached 8,813,281.97 thousand yuan, predominantly for its controlled subsidiaries, their sub-entities, and associate companies. These guarantees include 8,701,288.20 thousand yuan for controlled subsidiaries and 111,993.77 thousand yuan for associate companies.

For September 2025, new guarantees totaled 954,481.95 thousand yuan for five subsidiaries with asset-liability ratios exceeding 70%, and 474,818.20 thousand yuan for five subsidiaries below that threshold. Additionally, 39,944.00 thousand yuan in guarantees were provided for two associate companies with asset-liability ratios below 70%. The company noted that its external guarantee exposure, along with that of its controlled subsidiaries, exceeds 100% of its latest audited net assets, with no outstanding overdue guarantees.

The board of directors confirmed that these guarantees are essential for the normal operations of the company and its subsidiaries, pose no harm to their interests, and align with the overall interests of the group. The company explicitly stated that there are no guarantees for related parties.