[Hangzhou oxygen Co., Ltd.: plans to set up a joint venture with Huayou Cobalt Industry] May 11, Hangzhou oxygen Co., Ltd. announced that it is proposed to set up a joint venture company Quzhou Hangzhou oxygen Huayou Gas Co., Ltd with Huayu Cobalt Co., Ltd., with a registered capital of 1.45 yuan. After the establishment of the joint venture company, the project assets under construction of the lithium electric-air separation project in Hangzhou oxygen era shall be transferred by agreement according to the evaluation value, and all the contracts and agreements related to the air separation project signed by Hangzhou oxygen era Lithium Power shall be transferred to the joint venture company.