Huayou Cobalt announced that recently, the controlling shareholder Huayou Holdings handled part of the share pledge business and pledged 199,900 shares, accounting for 6.48% of its shares and 1.06% of the company's total share capital. As of the announcement date, Huayou Holdings held 309 million shares, accounting for 16.30% of the total share capital, and pledged 164 million shares, accounting for 53.09% of the total company shares and 8.65% of the total share capital; Huayou Holdings and its co-actor Chen Xuehua held a total of 391 million shares, accounting for 20.66% of the total share capital, and a cumulative pledge of 205 million shares, accounting for 52.50% of the total shares held and 10.85% of the total share capital. The risk of this pledge is manageable and does not affect control and operation.

Huayou Cobalt announced that recently, the controlling shareholder Huayou Holdings handled part of the share pledge business and pledged 199,900 shares, accounting for 6.48% of its shares and 1.06% of the company's total share capital. As of the announcement date, Huayou Holdings held 309 million shares, accounting for 16.30% of the total share capital, and pledged 164 million shares, accounting for 53.09% of the total company shares and 8.65% of the total share capital; Huayou Holdings and its co-actor Chen Xuehua held a total of 391 million shares, accounting for 20.66% of the total share capital, and a cumulative pledge of 205 million shares, accounting for 52.50% of the total shares held and 10.85% of the total share capital. The risk of this pledge is manageable and does not affect control and operation.