Ganfeng Lithium expands subsidiary guarantees to RMB 36.35bn

Ganfeng Lithium announced progress in providing guarantees for its controlled subsidiaries, committing a total of RMB 36.35 billion in guarantee quotas. This includes RMB 25.21 billion from the company to subsidiaries and RMB 11.14 billion from subsidiaries to other subsidiaries. These guarantees, approved by the board on March 28, 2025, and by shareholders on June 25, 2025, are valid for 12 months and can be recycled and adjusted among guaranteed entities.

The company has executed several specific guarantee agreements. These include a RMB 1.2 billion joint liability guarantee for Jiangxi Ganfeng Lithium Battery Technology Co., Ltd. with China Merchants Bank and RMB 160 million for Huidong Leiqing Energy Storage Technology Co., Ltd. with Industrial Bank Financial Leasing. Additionally, guarantees were made for Fanzhi Zhiyuan Polymer Energy Technology Co., Ltd. and Fanzhi Xunyue New Energy Technology Co., Ltd., amounting to RMB 274.102 million and RMB 282.92 million respectively, through China Merchants Bank Financial Leasing. Another RMB 169.768 million guarantee was provided for Zhumadian Yuanzhihai Energy Storage Technology Co., Ltd. via China Merchants Commercial Leasing.

As of the disclosure date, the total external guarantee balance for Ganfeng Lithium and its controlled subsidiaries is RMB 19.73 billion, representing 47.22% of the company's 2024 audited net assets. Guarantees for entities outside the scope of consolidated financial statements total RMB 688 million. The company confirms no overdue guarantees or guarantees for major shareholders, actual controllers, or their affiliates.