Zhejiang Huayou Cobalt Co., Ltd. 2026 Fourth Green Technology Innovation Bond Issuance Results Announcement

Stock Code: 603799 Stock Abbreviation: Huayu Cobalt Announcement Number: 2026-014

Zhejiang Huayu Cobalt Co., Ltd.

Announcement of the Issuance Results of the 2026 Fourth Phase Green Technology Innovation Bonds

The Board of Directors of the Company and all directors guarantee that there are no false records, misleading statements, or significant omissions in this announcement, and assume legal responsibility for the authenticity, accuracy, and completeness of its content.

Zhejiang Huayu Cobalt Co., Ltd. (hereinafter referred to as the “Company”) approved the proposal regarding the issuance of non-financial corporate debt financing instruments by the Company and its subsidiaries at the 29th meeting of the 6th Board of Directors held on April 17, 2025, and at the annual general meeting of shareholders held on May 9, 2025, for the year 2024. The types of debt financing instruments that the Company and its subsidiaries may issue include but are not limited to corporate bonds, enterprise bonds, short-term financing bills, ultra-short-term financing bills, medium-term notes, perpetual bonds, private placement notes (PPN), overseas bonds, and other domestic and foreign currency debt financing instruments such as the financing plan from the Beijing Financial Assets Exchange, with issuance methods including public issuance and non-public directed issuance.

The Company has recently completed the issuance of the 2026 Fourth Phase Green Technology Innovation Bonds of Zhejiang Huayu Cobalt Co., Ltd. (Bond Abbreviation: 26 Huayu Cobalt GN004 (Innovation Bond), hereinafter referred to as “this bond”). The issuance amount of this bond is 800 million RMB, with a term of 2+1 years, a unit face value of 100 RMB, and an issuance interest rate of 2.62%.

This bond was underwritten by a syndicate organized by CITIC Bank Co., Ltd., Industrial Bank Co., Ltd., and Zhejiang Merchants Bank Co., Ltd., and was publicly issued in the national interbank bond market through book building and centralized allocation. The funds raised by this bond will be used to replace the self-owned funds expenditures of subsidiary companies within three months for the recovery of waste power batteries and their dismantled materials and to supplement daily operating funds.

For specific information and related documents regarding the issuance of this bond, please refer to China Money Network (www.chinamoney.com.cn) and the Shanghai Clearing House website (www.shclearing.com.cn).

This announcement is hereby made.

Board of Directors of Zhejiang Huayu Cobalt Co., Ltd.

March 18, 2026

Massive information and precise interpretation can be found in the Sina Finance APP.