Huayou Cobalt expands guarantees, issues new short-term bonds

Zhejiang Huayou Cobalt announced total external guarantees of RMB 246,818.35 million for November 2025, primarily for its subsidiaries, with a cumulative outstanding balance of RMB 8,943,946.43 million as of November 30, 2025. These guarantees, ranging from 5 months to 7 years, aim to support daily operations and are deemed necessary and reasonable, with no overdue guarantees.

The company also successfully issued its eighth tranche of 2025 super short-term financing bonds. This issuance, named "25 Huayou Cobalt SCP008 (Tech Innovation Bond)," raised RMB 700 million with a 269-day term and an interest rate of 2.40%. Proceeds from these bonds will be used to repay existing interest-bearing debt.

Both the guarantee framework and bond issuance were approved by the Board of Directors on April 17, 2025, and the 2024 Annual Shareholders' Meeting on May 9, 2025.