Zhejiang Huayou Cobalt's controlling shareholder plans to increase its holdings in the company by 300 million to 600 million yuan.

Zhejiang Huayou Cobalt (603799.SH) announced that it has recently received a notice from its controlling shareholder, Huayou Holdings Group Limited (Huayou Holdings), stating that Huayou Holdings plans to increase its holdings of the company's A shares through centralized bidding trading on the Shanghai Stock Exchange within one year from the disclosure date of the announcement. The total amount of the increase will be no less than 300 million yuan and not more than 600 million yuan. The funds for this share increase will come from Huayou Holdings' own funds and a special loan provided by the Tongxiang Branch of China CCB Bank (CCB Tongxiang Branch). In accordance with the joint notice issued by the People's Bank of China, the China Banking Regulatory Commission, and the China Securities Regulatory Commission regarding the establishment of stock repurchase and re-lending matters, the CCB Tongxiang Branch recently issued a "China CCB Loan Commitment Letter" to Huayou Holdings, agreeing to provide a 540 million yuan loan for the increase in the company's A shares, with a loan term of 3 years. In addition to the mentioned loan, the remaining funds for this share increase plan will come from Huayou Holdings' own funds.