Huayou Cobalt's actual controller releases pledged shares, company issues green bond

Zhejiang Huayou Cobalt announced that its actual controller, Chen Xuehua, released 10 million pledged shares, representing 12.12% of his holdings and 0.53% of the company's total share capital. Following this release, Chen Xuehua's remaining pledged shares total 22.27 million, accounting for 26.99% of his holdings and 1.17% of the company's total share capital. Chen Xuehua and Huayou Holding Group, their concerted party, collectively hold 391.17 million shares (20.60% of total share capital), with 204.39 million shares (52.25% of their combined holdings, 10.76% of total share capital) remaining pledged.

In a separate development, Zhejiang Huayou Cobalt successfully issued its 2025 First Tranche Green Technology Innovation Bond (25 Huayou Cobalt MTN001). The bond, valued at 500 million yuan with a two-year term and an issuance interest rate of 2.89%, was publicly offered through book-building in the interbank bond market.

The proceeds from this bond issuance will be used to replace the company's self-owned funds spent on recycling end-of-life power batteries and their disassembled materials, as well as for daily operational procurement over the past three months. The company continues to monitor its shareholders' pledge activities and advises investors to exercise caution regarding investment risks.