Huayou Cobalt's controlling shareholder releases significant share pledge

Zhejiang Huayou Cobalt Co., Ltd. announced today that its controlling shareholder, Huayou Holding Group Co., Ltd., has released a pledge on 12,561,000 shares. This transaction represents 4.07% of Huayou Holding's total shares and 0.66% of the company's total share capital, with the release effective as of December 2, 2025.

Following this release, Huayou Holding currently holds 308,664,701 shares, accounting for 16.28% of the company's total share capital. The cumulative number of pledged shares held by Huayou Holding now stands at 135,866,994 shares, representing 44.02% of its total holdings and 7.17% of the company's total share capital.

As of the disclosure date, Huayou Holding and its concerted party, Chen Xuehua, collectively hold 391,169,847 shares, representing 20.63% of the company's total share capital. Their combined cumulative pledged shares amount to 162,386,994 shares, which is 41.51% of their total holdings and 8.56% of the company's total share capital. The company will continue to monitor any future share pledges or releases.