On March 26, Huayou Cobalt, together with a major partner bank's financial leasing subsidiary and the Lingang New Area Management Committee of Shanghai, successfully launched the nation's first-ever benchmark project under the new cross-border finance lease pilot policy — an SPV (Special Purpose Vehicle) cross-border finance lease for nickel smelting production line equipment. The signed project has a scale of nearly 1.5 billion RMB, with the first phase precisely deployed at 370 million RMB. This not only set a new milestone in Huayou Cobalt's cross-border investment and financing innovation but also achieved a breakthrough and pioneering leap in the company's structured financing model. The entire business adopts RMB-denominated closed-loop settlement, which fundamentally mitigates cross-border operational exchange rate fluctuation risks, and, by leveraging the real industrial chain scenario, stands as a benchmark innovation demonstration case for advancing the internationalization of the RMB.

Compared with traditional financing models, the cross-border finance lease business launched this time serves as a differentiated cutting-edge innovative financial instrument. With core advantages of efficient approval, highly flexible customized transaction structures, and extremely high adaptability to real industrial investment projects, it provides Huayou Cobalt's overseas nickel smelting and other real industrial investment projects with flexible and sustainable financing solutions, offering robust financial guarantees for the construction and operation of the company's overseas industrial bases.

Currently, the company's reserved cross-border lease specialized credit facilities have exceeded 3 billion RMB, forming a positive development trend of "benchmark leading, batch replication, and scale empowerment." Looking ahead, Huayou Cobalt will take this benchmark project as an important opportunity to further deepen financial innovation practices, building a "syndicated financing as the mainstay, cross-border innovative lease as supplement" multi-dimensional, coordinated new cross-border financial security ecosystem, fully empowering overseas real industrial high-end, intelligent, and green construction operations, continuously consolidating the innovative funding cornerstone of the company's global strategic layout, and injecting lasting momentum into the company's global development.