Recently, the Shanghai Futures Exchange (hereinafter referred to as "SFE") has continued to advance the construction of "Strong Source Support Enterprise" Industrial and Financial Service Bases to promote the organic combination of industry and finance. By collaborating with various forces in the futures market, SFE aims to better serve the development of new quality productivity. As part of this effort, SFE has announced a list of newly added "Strong Source Support Enterprise" Industrial and Financial Service Bases. After a comprehensive evalsuation and rigorous selection process, Huayou Cobalt has been approved as one of the second batch of "Strong Source Support Enterprise" Industrial and Financial Service Bases (industry category) for the current year.

Industrial and Financial Service Bases are essential tools for SFE in deepening industrial service efforts. These bases aim to leverage the exemplary role of leading enterprises in both the futures and spot markets, enhance the dissemination of futures knowledge and provide business guidance to industrial enterprises. They also promote extensive exchanges and talent training, improve enterprises' understanding of futures and derivative tools, guide enterprises in participating in futures trading, registering brands, or becoming delivery warehouses, and assist in utilizing futures tools to manage operational risks. Additionally, they help promote better use of financial derivatives by enterprises along the industrial chain for risk management and resource allocations.

Currently, there are a total of 111 "Strong Source Support Enterprise" Industrial and Financial Service Bases under SFE, including 79 industrial bases and 32 financial service bases.

The approval of Huayou Cobalt as an SFE "Strong Source Support Enterprise" Industrial and Financial Service Base signifies SFE's high recognition of Huayou Cobalt's contributions to fostering industrial and financial cultivation and promoting the deep integration of the futures market with the real economy. This approval will help Huayou Cobalt further expand its brand influence, promote industrial and financial cooperation within the group's upstream and downstream sectors, and enhance its operational efficiency and profitability.

Going forward, Huayou Cobalt will take this Industrial and Financial Service Base as a new starting point, continuously deepen the functions of the service base, drive it to become a vital force in promoting the integration of futures and spot markets and enhancing the effectiveness of industrial services. It will strive to act as a bridge connecting the futures market and the real economy, endeavoring to be a model for the integrated development of the futures market and the real economy, and contribute more significantly to the prosperity of the industry and the economic construction of the country!