Huayou Cobalt's shareholder pledges more shares, proposes financial aid

Zhejiang Huayou Cobalt's controlling shareholder, Huayou Holding Group Co., Ltd., has pledged 5,000,000 shares. This represents 1.62% of its total holdings and 0.26% of the company's total share capital. The pledge, for financing guarantees, brings Huayou Holding's cumulative pledged shares to 116,427,994, accounting for 37.72% of its holdings and 6.14% of the company's total share capital. Including shares held by consistent actor Mr. Xuehua Chen, the combined pledged total is 142,947,994 shares (36.54% of holdings, 7.54% of total share capital). The pledge is valid from November 10, 2025, to November 3, 2028.

Separately, the company will convene its fourth extraordinary general meeting on November 19, 2025, to deliberate a proposal regarding financial assistance. The proposal, approved by the board of directors, involves the wholly-owned subsidiary HUAJUN INTERNATIONAL INVESTMENT PTE. LTD. providing a shareholder loan of $4,290,000 to PT ETERNAL NICKEL INDUSTRY.

This loan, bearing an interest rate of 6% and a term of three years from the receipt date, aims to support ENI's business development and address capital needs during its capacity ramp-up. The company assures that the share pledge poses manageable risks and will not impact its operations or control.