Chen Xuehua singed share purchase agreement to acquire an additional 6.76% in Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) from Great Mountain Enterprise Pte. Ltd. on for CNY 7.3 billion on June 25, 2021. In the acquisition, Chen Xuehua will acquire 82.5 million shares at a price of CNY 88.92 per share. The first part of the share transfer price is CNY 2 billion and Chen Xuehua shall remit all the net value of the first part of the share transfer price to Great Mountain Enterprise Pte. Ltd. under the circumstances stipulated in this agreement. The second part of the share transfer price is CNY 2 billion and Chen Xuehua shall pay to the Great Mountain Enterprise Pte. Ltd. before August 30, 2021. The third part of the share transfer price is CNY 1.2 billion, and Chen Xuehua shall pay to the Great Mountain Enterprise Pte. Ltd. before October 30, 2021. The fourth part of the share transfer price is CNY 2.1 billion, and the Chen Xuehua shall pay to the Great Mountain Enterprise Pte. Ltd. before December 10, 2021.