Ganfeng Lithium guarantees 700 million yuan for subsidiary's lease

Jiangxi Ganfeng Lithium Group Co. (Ganfeng Lithium) has provided a joint liability guarantee for 700 million yuan to Xinda Financial Leasing Co. for Datong Hapbang New Energy Co., a wholly-owned subsidiary of Shenzhen Yichu Energy Technology Co., which is a controlled subsidiary of Ganfeng Lithium. This guarantee covers Datong Hapbang’s financial leasing debts with Xinda Financial Leasing.

This guarantee falls within the 36.35 billion yuan total approved guarantee limit for 2025, sanctioned by Ganfeng Lithium's shareholders at the 2024 annual general meeting. As of June 30, 2025, Datong Hapbang reported total assets of 8.093 million yuan and zero liabilities, resulting in net assets of 8.093 million yuan and a zero asset-liability ratio.

The company's total external guarantee amount, including its subsidiaries, stands at 19.024 billion yuan, representing 45.53% of its 2024 audited net assets. Guarantees provided to entities outside the consolidated financial statement scope amount to 688 million yuan, or 1.65% of 2024 audited net assets.