Recently, China Association of Listed Companies (CALC) released the list of “2024 Best Practice Cases of Culture Construction of Listed Companies”, and Huayou Cobalt won the “Excellent Practice Case” award for its outstanding performance in corporate culture construction.

This honor not only highly affirms its profound cultural heritage but also praises its relentless pursuit on the path of corporate governance and high-quality development. Culture has always been the root and soul of Huayou. As a model enterprise rooted in China and embracing the world, since its inception, it has set sail with the firm belief of "Rooted in China, BeFriends worldwide."

For over two decades, Huayou has started from a few flat-roofed houses and iron pots by the Yongxing River, laid its foundation in Tongxiang, expanded into Africa, established a foothold in Quzhou, developed in Guangxi, grew in Tianjin, extended to Chengdu, ventured into Indonesia, planned in Europe, and Stood in the ceremony hall of the Shanghai Stock Exchange, it has taken one step at a time, climbing one stair at a time. Each leap is a vivid interpretation of the corporate spirit of "Constantly Striving to Become Stronger and Pursuing Excellence"; each transformation deepens the values of "integrity, innovation, responsibility, learning, and passion" in the hearts of people. The culture of Huayou is not only a lighthouse for the enterprise to move forward, but also an indestructible flame in the heart of every Huayou person, illuminating their way forward.

The journey of Huayou's enterprise has been hard-earned, and its culture remains ever-fresh with time. Looking back, the young chairman, Chen Xuehua, with entrepreneurial dreams in his heart, sowed the seeds of Huayou's enterprise, leading a group of young people with burning passion and hard work, from which Huayou's business sprouted. In 2002, at the founding of Huayou, there was a solemn promise: " Love it since we chose it. Do it best or nothing." Staying true to our original aspiration is the source of Huayou's continuous advancement, guiding its entrepreneurs through thorns and obstacles, bravely moving forward. As Huayou has grown from infancy to a promising youth, Huayou's culture has been integrated into the blood of its people, solidifying into an inexhaustible force for realizing their career ideals; the construction of Huayou's culture has also evolved from spontaneity and awareness to autonomy, becoming a "common covenant" between Huayou and its talents.

From building an integrated industrial chain of cobalt industry to crafting an integrated industrial chain of lithium materials, Huayou has built a multinational operation pattern of overseas resources, domestic manufacturing and global market. From going to Africa in 2003 to going into Indonesia in 2018, in the high level of openness and cooperation, we actively participate in the allocations of global resources, integrate into the global industrial division of labour, join the global market competition, and grow into a respected Chinese private multinational corporation, which has been selected as one of the top 100 Chinese multinational corporations and top 50 Chinese enterprises in multinational operation for many times.

This is another achievement on the process of the ten-year task completed in five, which lays a certain industrial foundation for the creation of a world-class enterprise with international competitiveness and global influence.

Overseas, while complying with local laws and regulations on employment standards, Huayou has constructed a complete and efficient human resource management system, established a set of local culture system with full respect, compliance, responsibility and integration on the premise of fully studying the local politics and economy, culture and history, and religious beliefs, and organised a wide variety of cultural activities in accordance with the needs of local employees to activate organisational vitality, enrich spare time life and promote cultural integration, which has established a good reputation of the company.

“Wherever we invest, we must contribute to the local economy and society.” Huayou always practices ESG concepts, continues to build a comprehensive ESG management system, and promotes the integration of sustainable development concepts into corporate operations. As a sample of ESG listed companies in action, it always sticks to the front line of public welfare, shares the fruits of development, and builds a community of human destiny to realise Huayou's spirit of commitment.

Looking ahead, Huayou Cobalt will continue to uphold the development concept of “Innovation, Coordination, Openness, Green and Sharing”, take cultural confidence as its soul and scientific and technological innovation as its wings, and soar towards the goal of becoming a global leader in the integration of new energy lithium-ion materials and green manufacturing. On this journey full of challenges and opportunities, we will adhere to the principle of seeking progress while maintaining stability, seeking victory while advancing, promoting the company's high-quality development. With unswerving cultural self-confidence, we will develop in the midst of inheritance, and continue to open up a new journey for Huayou's business.