Ganfeng Lithium provides guarantees for subsidiaries' financing

Ganfeng Lithium (SZSE:002460) announced it is providing guarantees for its holding subsidiaries, furthering support for their operational needs. The company has signed a guarantee agreement with the Agricultural Bank of China's Xinyu branch, providing CNY 26,113 to Jiangxi Ganfeng Lithium Battery Technology. Additionally, its subsidiary GFL International will provide a USD 15 million guarantee for Minera Exar. These guarantees fall within the approved limits authorized by the company's 2023 annual shareholders' meeting. As of the announcement date, the total outstanding guarantee amount for Ganfeng Lithium and its subsidiaries stands at CNY 1,697,094.93, representing 40.62% of the company’s audited net assets in 2024.