Huayou Cobalt's controlling shareholder boosts stake, exceeding minimum target

Zhejiang Huayou Cobalt Co., Ltd. (Huayou Cobalt) has confirmed that its controlling shareholder, Huayou Holding Group Co., Ltd., has successfully completed its previously announced share increase plan. The plan, which began on February 14, 2025, aimed to increase holdings by a total amount not less than RMB 300 million and not exceeding RMB 600 million.

During the implementation period, Huayou Holding acquired 7,426,450 A-shares through concentrated bidding via the Shanghai Stock Exchange trading system. This represents 0.39% of the company's total share capital. The total amount spent on these acquisitions, including transaction fees, reached RMB 303,003,300, exceeding the minimum target of the plan.

As of October 30, 2025, following the completion of the plan, Huayou Holding Group Co., Ltd. and its concerted parties now hold 391,169,847 shares, representing 20.60% of Huayou Cobalt's total share capital. The company stated this plan complies with relevant securities laws and regulations and will not alter the company's listing status, controlling shareholder, or operational stability.