Huayou Cobalt: Intends to invest 958 million yuan to cooperate with Huayou Holding to jointly build a project.

Hua You Cobalt Industry Announcement: The company plans to sign a "Cooperation Agreement" with its controlling shareholder, Hua You Holdings, to jointly invest in the construction of the Hua You Group Headquarters Science and Technology Building. The company plans to invest 958 million yuan in cooperation with Hua You Holdings to build the project. After the project is completed, the company and Hua You Holdings will split the ownership rights in a ratio of 64.60% and 35.40%, respectively, and separately handle the real estate rights certificate. This transaction constitutes a related party transaction and does not constitute a major asset restructuring.