Ganfeng Lithium nears full redemption of 2026 convertible bonds

Ganfeng Lithium Group Co., Ltd. has reported that bondholders have exercised conversion rights for HK$1.33bn of its HK$1.37bn convertible bonds due 2026. This leaves HK$40m in principal amount outstanding, which the company plans to redeem in full at 100% of its principal amount, plus accrued interest, on December 18, 2025. Following this redemption, Ganfeng Lithium will apply to the Vienna Stock Exchange for the delisting of the convertible bonds from the Vienna MTF.

As a result of these conversions, Ganfeng Lithium has issued, or expects to issue, 39,501,025 H shares. These new shares represent approximately 8.19% of the total number of H shares and 1.88% of the total issued shares of the company as of December 9, 2025.

The board of directors includes Li Liangbin (chairman), Wang Xiaoshen, Shen Haibo, Huang Ting, and Li Chenglin as executive directors, Luo Rong as non-executive director, Wang Jinben, Wong Ho Kwan, Xu Yixin, and Xu Guanghua as independent non-executive directors, and Liao Cui as employee director.