Huayou Cobalt Industry: Intends to sell 25% equity in BCM company for $121 million, generating approximately $473 million in investment income.

Notice from Huayou Cobalt Industry: The company plans to transfer 25% of its equity in the invested company LG-HY BCM Co., Ltd. to TOYOTA TSUSHO CORPORATION for a transaction amount of $121 million. This transaction is expected to generate an investment income of approximately $473 million. After the completion of the transaction, the company's equity stake in BCM will change from 49% to 24%.