Recently, the Zhejiang Provincial Federation of Industry and Commerce released the "Compilation of Typical Practices in Building Clean Private Enterprises for 2025 (Zhejiang Province)." Huayou Cobalt was successfully selected for this compilation, recognized for its practices and achievements in constructing a clean compliance system, fostering a culture of integrity, and implementing risk prevention and control measures.

Huayou Cobalt adheres to its fundamental values of integrity and probity. While advancing its global footprint, the company simultaneously promotes clean business practices. With a "zero-tolerance" stance to fortify its compliance baseline and an "all-participation" principle to energize every employee, Huayou has built a comprehensive integrity system characterized by "Huayou distinctiveness, alignment with international standards, and incorporation of local wisdom." This system has effectively underpinned the company's sound and healthy development.

(I) Strengthening Institutional Development
The company has established an anti-corruption framework led by top management, driven by middle management, and involving all employees. It has set up a Compliance Management Committee and an Audit & Supervision Center directly under the President's Office.
The company has achieved continuous breakthroughs in system certifications. In March 2024, it obtained the ISO 37001 Anti-Bribery Management System certification, becoming one of the first enterprises in the industry to receive this accreditation. In 2025, its overseas subsidiaries accelerated their efforts: Bamo Hungary achieved dual certification for ISO 37301 and ISO 37001, while Bamo Tianjin and Bamo Chengdu successively passed the ISO 37001 certification. This marks the large-scale implementation of a comprehensive compliance system for overseas operations.

(II) Strengthening Cultural Cultivation
Huayou has built an all-encompassing education system. Offline thematic campaigns were conducted during festivals like the Dragon Boat Festival, Mid-Autumn Festival, and International Anti-Corruption Day, cumulatively reaching 21,968 participants. Tailored activities were organized for key employee groups, covering 5,392 participants. Online efforts included regular publicity via the official WeChat account and internal corporate community. The company also expanded its international channels by establishing overseas reporting channels, distributing bilingual posters, and launching an English-language column. In January 2025, the company was honored with the "Integrity Rising Star Award" by the China Anti-Fraud Alliance.

(III) Strengthening Innovative Practices
The company implemented a grid-based management model for supervision, organically integrating training, publicity, and oversight. Huayou completed grid layouts across multiple domestic and international regions, extending supervisory coverage comprehensively. Enriching activity formats, Huayou organized integrity-themed essay contests to disseminate positive energy and jointly held an interactive event with Xiangpiaopiao called "Integrity Invites You for a Cup of Tea." It explored an "Integrity+" model to integrate integrity culture into the entire management process.

(IV) Strengthening Technology Enablement
The company continuously improved the "You Zhi" Intelligent Audit System. By integrating information technology and big data, and coordinating efforts across multiple middle-office platforms, the system accurately identifies hidden risk points. It enables dynamic risk monitoring and real-time alerts, driving the digital and intelligent transformation of compliance work.

This selection signifies provincial recognition of Huayou Cobalt's efforts in building a clean enterprise. More importantly, it strongly attests to the company's unwavering commitment to its core value of "integrity" and its dedicated path of operating with integrity and compliance.
Looking ahead, Huayou Cobalt will continue to deepen its integrity and compliance construction. It will persistently explore new pathways for building a clean enterprise that bears Huayou's unique characteristics and possesses an international perspective, joining hands with industry partners to foster a fair and upright business environment.