Huayou Cobalt

Huayou Cobalt's subsidiary Huayou New Energy and POSCO CHEMICAL will increase capital in two joint ventures, Huayou Puxiang and Puhua Company, to expand production of new energy lithium battery materials. Huayou Puxiang's registered capital will increase from 336 million yuan to 1.781 billion yuan, and Puhua Company's from 310 million yuan to 1.948 billion yuan.