Huayou Cobalt repays all temporary working capital funds

Zhejiang Huayou Cobalt Co., Ltd. announced on October 21, 2025, the full repayment of 534.90m yuan in idle raised funds that were temporarily used to supplement working capital. As of October 17, 2025, the company had completed the return of these funds to the designated special account for raised capital.

The decision to use up to 550m yuan of idle raised funds for temporary working capital was approved by the company's Sixth Board of Directors and Sixth Board of Supervisors on March 10, 2025. The term for this temporary allocation was set for a maximum of 12 months from the approval date, with the commitment to return the funds to the special account upon maturity.

The funds originated from the company's 2022 public offering of convertible corporate bonds, with the proceeds arriving on March 2, 2022. The full repayment concludes this temporary utilization of capital, with the latest return amounting to 204.90m yuan.