Ganfeng Lithium provides guarantees for subsidiaries' operations

Ganfeng Lithium (SZSE:002460) announced it is providing guarantees for its holding subsidiaries to support their development and operations. The guarantees are within the approved limits authorized by the company's 2024 annual shareholders' meeting. Specifically, guarantees are provided to Minera Exar S.A. for opening financing letters of guarantee totaling USD 10,500,000 with Ping An Bank and Macau International Bank. Additional guarantees include CNY 5,000,000 for New Yu Ganfeng with the Postal Savings Bank, CNY 50,000,000 for Jiangxi Ganfeng Circulation with the Shanghai Pudong Development Bank and CNY 60,000,000 for Jiangxi Ganfeng Lithium Electric Technology. As of the announcement date, Ganfeng Lithium's total outstanding guarantees for its subsidiaries amount to CNY 1,757,652,120, representing 42.07% of its audited net assets in 2024, with no overdue guarantees.