Ganfeng Lithium to divest stake in Shenzhen Yichu Energy, optimize assets

Ganfeng Lithium (SZSE:002460) announced on October 18, 2025, that its board approved the transfer of a portion of its stake in Shenzhen Yichu Energy Technology Co., Ltd. and the introduction of Wanxin Green Energy (Suqian) Partnership (Limited Partnership) as a strategic investor. Wanxin Green Energy will acquire RMB 28,611 million (44.2361%) of Shenzhen Yichu's registered capital, with RMB 44,303.25 million specifically for Ganfeng Lithium's 29.5355% stake. This transaction is expected to enhance Shenzhen Yichu's capital and strengthen its operations, aligning with Ganfeng Lithium's integrated lithium ecosystem strategy. Following the transaction, Shenzhen Yichu will no longer be consolidated into Ganfeng Lithium's financial statements.

Concurrently, Ganfeng Lithium also approved a resolution to authorize the disposal of a portion of its equity assets, including shares in publicly traded companies, totaling no more than 10% of the company's latest audited net assets attributable to shareholders. This authorization, effective for 12 months from October 17, 2025, aims to optimize the company’s asset structure and improve operational efficiency. Both resolutions were passed during the Sixth Board of Directors' Eighth Meeting held on October 17, 2025.