Hanruicobalt Industry: plans to invest 2.03 billion yuan to build a project with an annual output of 40,000 tons of electrolytic nickel and 40,000 tons of battery-grade nickel sulfate.

Announcement of Huayou Cobalt Co., Ltd. The company plans to invest in the construction of the "Annual Production of 40,000 Tons of Battery-Grade Nickel Hydroxide and 40,000 Tons of Battery-Grade Nickel Sulfate Project" in Ganzhou City, Jiangxi Province through its wholly-owned subsidiary Ganzhou Huayou New Energy Technology Co., Ltd. The total investment of the project is 2.03 billion yuan, and the project funds will be from the company's own funds or self-raised funds. On June 4, 2026, the 22nd meeting of the fifth board of directors of the company approved the proposal, which still needs to be submitted to the shareholders' meeting for approval.