Huayou Cobalt completes restricted stock grant, boosts share capital

Zhejiang Huayou Cobalt Co., Ltd. (Huayou Cobalt) announced the results of the reserved grant under its 2024 restricted stock incentive plan. The company completed the registration of 630,200 reserved restricted shares with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, on December 25, 2025. This transaction involved 176 incentive recipients who subscribed for the shares at a price of 30.91 yuan per share.

The total funds raised from this reserved grant amounted to 19,479,482.00 yuan, which will be used to supplement the company's working capital. Of this amount, 630,200.00 yuan was added to the registered capital, and 18,849,282.00 yuan was allocated to capital reserve (share premium). Following the issuance, Huayou Cobalt’s total share capital increased from 1,896,097,297 shares to 1,896,727,497 shares.

The grant is set to incur an accounting cost of 2,009.71m yuan, which will be amortized over the vesting periods. Approximately 251.21m yuan is projected for 2025, 1,339.81m yuan for 2026, and 418.69m yuan for 2027. The ownership stake of Huayou Holding Group Co., Ltd., the controlling shareholder, along with its consistent actor Chen Xuehua, decreased slightly from 20.63% to 20.62%, without altering the company’s controlling shareholder or actual controller.