Ganfeng Lithium to jointly lease assets for joint venture

Ganfeng Lithium (SZSE:002460) announced its plans to jointly undertake financial leasing arrangements with its joint ventures, Shenzhen Luyuan Mining Investment Co., Ltd. and Congo Luyuan Mining Co., Ltd. The agreement, approved by the board on June 11, 2025, will see the companies act as joint lessees for assets related to the Congo (布) Bougoumassa potash mine project. The total value of the leased assets will not exceed CNY 500 million, with a lease term of up to seven years. The transaction, classified as a related party transaction due to board member overlap with Shenzhen Luyuan, aims to optimize asset allocation and improve efficiency for the joint ventures. Ganfeng Lithium has authorized its management to handle related procedures and sign legal documents within this scope.