Ganfeng Lithium's key shareholders' stakes diluted after H share issuance

Jiangxi Ganfeng Lithium Group Co., Ltd. announced that its actual controller, the Li Liangbin family, and a significant shareholder, Wang Xiaoshen, experienced a passive dilution of their shareholding percentages. This follows the company's issuance of 40,025,600 new H shares at HK$29.28 per share on September 2, 2025, which increased the total share capital from 2,017,167,779 shares to 2,057,193,379 shares.

Before the issuance, the Li Liangbin family held 406,747,238 shares, representing 20.16% of the total share capital. After the issuance, their stake was diluted to 19.77%, a reduction of 0.39%. Wang Xiaoshen's holding of 141,460,966 shares, previously 7.01%, was diluted to 6.88%, a decrease of 0.13%.

The company confirmed this passive dilution does not involve changes in the number of shares held by these parties. Furthermore, it will not alter Ganfeng Lithium's actual control, governance structure, or ongoing operations.