Zhejiang Huayou Cobalt (603799.SH) signs memorandum of understanding for ternary precursor products.

Zhejiang Huayou Cobalt (603799.SH) announced that the company has signed a binding Memorandum of Understanding with an international renowned customer, agreeing that during the term of the agreement, the company's subsidiary will supply 79,600 tons of ternary precursor products to the customer's designated buyer. The performance of this memorandum will not have a significant impact on the company's operating performance in 2025, and it will not affect the company's business or operational independence. It is expected that after the formal supply, it will have a positive impact on the company's operating performance.