Ganfeng Lithium seeks shareholder approval for financial aid, governance changes

Ganfeng Lithium is seeking shareholder approval for financial assistance of up to AUD150 million to Mt. Marion Lithium Pty Ltd, a joint venture. This assistance aims to support sustaining capital and potential capital expenditure for flotation equipment at its Mt. Marion spodumene project in Australia. This related-party transaction requires a special resolution from shareholders at the EGM.

In addition to financial assistance, the company proposes significant amendments to its Articles of Association, requiring a special resolution. It also plans updates to several management systems, which will need ordinary resolutions. These systems include the Rules of Procedures of the General Meeting, the Board, Independent Directors, External Guarantee, Remuneration Management for Directors and Senior Management, and Regulations on the Management of Raised Funds.

The EGM is scheduled for October 14, 2025, at 2:00 p.m. in Xinyu, Jiangxi Province, PRC. Shareholders should review the circular and return proxy forms by October 13, 2025.