Ganfeng Lithium guarantees CNY 80m loan for subsidiary

Ganfeng Lithium (SZSE:002460) announced that it has provided a guarantee for a CNY 80 million loan to its wholly-owned subsidiary, Sichuan Ganfeng Lithium, as part of its business development needs. The guarantee is provided to a syndicate of lenders, including the Industrial and Commercial Bank of China, China Construction Bank, and Bank of Communications, all located in Dazhou. This guarantee falls within the scope of the company’s previously approved guarantee limits authorized by the shareholders’ meeting held on June 25, 2024. As of March 31, 2025, Sichuan Ganfeng Lithium reported total assets of CNY 168,536.41, net assets of CNY 22,898.13, and a liability ratio of 86.41%. Ganfeng Lithium's total external guarantees stand at CNY 1,620,509.44, representing 38.78% of the company’s audited net assets in 2024.