Ann: Lapsing of Options and Change of Registered Office, page-150

Huayou Cobalt Co., Ltd. put forward in the "13th Five-Year Plan", insisting on the development of lithium-ion new energy materials industry as the core, focusing on controlling resources, lowering the market, and leveraging the ability to fully implement the "two new and three-oriented" strategy. The company has transformed from a leader in the cobalt industry in the “Twelfth Five-Year Plan” to a global leader in new energy lithium battery materials.