Huayou Cobalt intends to participate in the establishment of an industrial fund

Sinochem News.
com News on July 27, Huayou Cobalt issued an announcement that the company intends to jointly establish Quzhou Anyou Equity Investment Partnership (Limited Partnership) with Principal Capital and Liangshan Investment.
The total capital contribution of the partnership is 1.
2 billion yuan.
As a limited partner, the company invested 599 million yuan, with a capital contribution ratio of 49.
92%
.

It is reported that the investment goal of the partnership is: to leverage the business advantages of the manager’s professional investment, help the invested company to grow rapidly, and obtain investment income for the partners from the capital market.
It plans to invest solely in the unlisted company equity of Zhejiang Times Lithium Battery Materials Co.
, Ltd.

.

According to the Tianyan Check system, Zhejiang Times Lithium Battery Materials Co.
, Ltd.
was established on March 8, 2021, with a registered capital of 20 million yuan.
Its business scope includes research and development of emerging energy technologies; technology promotion
.

　　When talking about the significance and impact of this participation in the establishment of industrial funds on the company, Huayou Cobalt said that the company’s development strategic plan during the "14th Five-Year Plan" period takes the new energy lithium battery material industry as the core business of the key development, and this foreign investment Participating in the establishment of industry funds is in line with the company's overall development strategy plan
.