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Zhejiang Huayou Cobalt Co., Ltd. Announcement on the Release and Pledge of Part of the Shares by the Controlling Shareholder
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Stock code: 603799 Stock abbreviation: Huayou Cobalt Announcement No.: 2026-016
Zhejiang Huayou Cobalt Co., Ltd.
Announcement on the Unblocking and Pledge of Part of the Controlling Shareholder’s Shares
The company’s board of directors and all directors guarantee that the content of this announcement is free of any false records, misleading statements, or major omissions, and bear legal responsibility for its truthfulness, accuracy, and completeness.
Important Content Reminder:
● As of the date of this announcement, Zhejiang Huayou Cobalt Co., Ltd. (hereinafter referred to as “the Company”)’s controlling shareholder Huayou Holding Group Co., Ltd. (hereinafter referred to as “Huayou Holding”) holds 308,664,701 shares of the Company, accounting for 16.27% of the total share capital; among which, 138,866,994 shares have been pledged cumulatively, accounting for 44.99% of its holdings, and 7.32% of the total share capital of the Company.
● As of the date of this announcement, Huayou Holding and its persons acting in concert, Mr. Chen Xuehua, hold a total of 391,169,847 shares of the Company, accounting for 20.62% of the total share capital; among which, 175,186,994 shares have been pledged cumulatively, accounting for 44.79% of their holdings, and 9.24% of the total share capital of the Company.
Recently, the company received a notice from the controlling shareholder Huayou Holding that it has handled some share unpledging and pledging transactions. The specific situation is as follows:
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As of the disclosure date of this announcement, the cumulative pledge situation of Huayou Holding and its persons acting in concert, Mr. Chen Xuehua, is as follows:
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Note: Unless otherwise specified, if the total in the table does not match the sum of the listed figures, it is due to rounding.
Pledge situation of the company’s controlling shareholder and its persons acting in concert
Pledge situation of the controlling shareholder and its persons acting in concert that will mature within the next six months and one year
Huayou Holding and its persons acting in concert have no maturing pledged shares within the next six months and one year. Huayou Holding and its persons acting in concert have sufficient repayment ability, with sources including operating income, dividends from listed company shares, investment income, self-raised funds, etc.
Huayou Holding and its persons acting in concert do not have situations such as non-operating capital occupation, illegal guarantees, related-party transactions, etc., that harm the company’s interests.
Impact of pledges on the listed company
(1) The risk of this pledge is controllable and does not pose a significant impact on the company’s production and operation, financing credit, financing costs, or ongoing operational capacity.
(2) This pledge will not lead to a change in the company’s actual control, nor will it have a substantial impact on the company’s production, operation, or corporate governance. If risks arise in the future, Huayou Holding and its persons acting in concert will take measures such as additional margin, early repayment, etc., to respond. The company will disclose relevant situations in a timely manner according to regulations. Investors are advised to be aware of investment risks.
(3) This pledge is not used as a performance compensation obligation.
The company will continue to monitor the pledge and unpledge of shareholders’ shares, strictly comply with relevant regulations, fulfill information disclosure obligations in a timely manner, and remind investors to pay attention to investment risks.
This announcement is hereby made.
Board of Directors of Zhejiang Huayou Cobalt Co., Ltd.
March 26, 2026
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