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.

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