Ganfeng Lithium adjusts guarantees, derivatives strategy, and leadership

Ganfeng Lithium has updated its guarantee framework, authorizing RMB 3,635 bn in total guarantee exposure for its subsidiaries, including new and extended guarantees. This includes RMB 2,521 bn for direct subsidiary guarantees and RMB 1,114 bn for inter-subsidiary guarantees. Its wholly-owned subsidiary, GFL International Company Limited, is providing a $30 million guarantee for Minera Exar S.A.'s debt to Litio Minera Argentina S.A. These adjustments are within the scope approved by the company's shareholders.

The company is also enhancing its risk management by increasing the transaction margin and premium limits for commodity futures and options hedging from RMB 20 bn to RMB 75 bn. The maximum daily contract value held has been raised from RMB 30 bn to RMB 250 bn. These changes aim to mitigate price fluctuations in lithium products and raw materials.

In a management reshuffle, three vice presidents—Mr. Xu Jianhua, Mr. Luo Guanghua, and Mr. Wang Bin—have resigned from their executive positions to focus on the company's advanced materials business. These changes are part of an organizational restructuring to streamline operations and enhance management efficiency. The board confirmed that these adjustments will not significantly impact the company's governance or daily operations.