Ganfeng Lithium to provide financial aid, issue bonds

Ganfeng Lithium (SZSE:002460) announced resolutions from its second board meeting of the sixth session, held on May 15, 2025. Key decisions include providing financial assistance of up to CNY200 million to its subsidiary, Inner Mongolia VilasTuo Mining Co., Ltd., for operational purposes, with a two-year loan term. The board also approved plans to issue offshore bonds of up to USD30 million through an SPV, subject to shareholder approval. Additionally, the board approved an increase in registered capital to Shenzhen Easy Storage for CNY3.08 million by some directors and senior managers. The company will convene the 2024 Annual General Meeting, the first A-share class shareholders meeting of 2025, and the first H-share class shareholders meeting of 2025 on June 25, 2025.