Huayu cobalt industry: the company and its wholly-owned and holding subsidiaries have received 22.6 million yuan in government subsidies since January 1

SMM4 9: Zhejiang Huayu Cobalt Co., Ltd. and its wholly owned and holding subsidiary Quzhou Huayu Cobalt New Materials Co., Ltd., Quzhou Huayu Resources Renewable Technology Co., Ltd., Huayu New Energy Technology Co., Ltd., Quzhou Huahai New Energy Technology Co., Ltd., Huajin New Energy Materials (Quzhou) Co., Ltd., from January 1, 2020 to the date of this announcement. The cumulative amount of government subsidy related to income is 22596097.12 yuan, and the amount of government subsidy mentioned above does not include the amount of government subsidy transferred from deferred income to profit or loss in previous years.

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