Securities Code: 300618 Securities Abbreviation: Hanrui Cobalt Announcement No.: 2026-004
Nanjing Hanrui Cobalt Industry Co., Ltd. Announcement on Increasing the Investment Amount of Raised Fund Projects with Own and Self-Raised Funds and Adjusting the Internal Investment Structure
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Nanjing Hanrui Cobalt Industry Co., Ltd. (hereinafter referred to as the "Company") held the 19th meeting of the Fifth Board of Directors on March 27, 2026, and reviewed and approved the "Proposal on Increasing the Investment Amount of Raised Fund Projects with Own and Self-Raised Funds and Adjusting the Internal Investment Structure." The proposal agrees that, without changing the implementation entity, implementation location, investment amount of raised funds, and use of raised funds for the raised fund projects, the Company will increase the total investment amount of the raised fund project "20,000 tons/year Nickel Metal Equivalent Oxygen-Blown Continuous Smelting High-Nickel Matte Project" using its own and self-raised funds and adjust the internal investment structure of the project. The total investment amount of the above project has been adjusted from USD 24,320.69 million to USD 35,109.74 million, with the increased portion of USD 10,789.05 million to be funded entirely by own and self-raised funds. The Company has commissioned a third-party research institute to issue a feasibility study report for the raised fund project after adjusting the total investment amount. This matter is within the scope of the Company's board of directors' review authority and does not require submission to the shareholders' meeting for review. The details are as follows:
I. Basic Situation of Raised Funds
As approved by the China Securities Regulatory Commission's "Approval for Nanjing Hanrui Cobalt Industry Co., Ltd. to Non-publicly Issue Shares" (Zhengjian Permit [2020]969) and with the consent of the Shenzhen Stock Exchange, the Company issued 33,473,169 ordinary shares (A shares) to 17 investors at an issue price of RMB 56.80 per share. The total raised funds amounted to RMB 190,127.60 million. After deducting issuance expenses of RMB 3,361.40 million, the net raised funds amounted to RMB 186,766.20 million. The above raised funds have been received. Dahua Certified Public Accountants (Special General Partnership) audited the capital verification for the Company's non-public offering of shares on July 17, 2020, and issued the "Capital Verification Report" (Dahua Verification [2020]000381) for verification and confirmation. The above raised funds have all been deposited in the special account for raised funds.
II. Basic Situation of Raised Fund Investment Projects
(I) Original Raised Fund Investment Project Status
The basic situation of the Company's original raised fund investment projects is as follows:
| Project Name | Original Planned Raised Fund Investment Amount (RMB million) | Filing Unit and No. (II) Change in Use of Raised Funds
On December 20, 2023, the 28th meeting of the Fourth Board of Directors of the Company reviewed and approved the "Proposal on Changing the Use of Some Raised Funds." The proposal agreed to change the original raised fund project "Ternary Precursor Project" to "20,000 tons/year Nickel Metal Equivalent Oxygen-Blown Continuous Smelting High-Nickel Matte Project," to be implemented by the Company's holding subsidiary, PT Hanrui Nickel Indonesia Co., Ltd. On January 5, 2024, the Company's first extraordinary general meeting of shareholders in 2024 reviewed and approved this proposal.