Ganfeng Lithium issues first tranche of green short-term commercial paper

Jiangxi Ganfeng Lithium Group Co., Ltd. (Ganfeng Lithium) announced the successful issuance of its 2025 first tranche of green short-term commercial paper. The issuance, with a planned and actual amount of CNY 710 million, was completed on November 4, 2025, following authorization from the company's 2024 annual general meeting. The paper has a term of 180 days, an interest rate of 2.38%, and a maturity date of May 4, 2026.

The proceeds from this green short-term commercial paper are primarily designated for repaying the company's interest-bearing debts related to maturing green projects and for acquiring end-of-life power batteries. This issuance forms part of a broader financing strategy, following registration approval in September 2024 for medium-term notes up to CNY 5 billion and short-term commercial paper up to CNY 1.5 billion with the National Association of Financial Market Institutional Investors.

China Industrial Bank Co., Ltd. served as the bookrunner and lead underwriter, with Agricultural Bank of China Limited, Bank of Communications Co., Ltd., and Shanghai Pudong Development Bank Co., Ltd. acting as co-lead underwriters. As of the announcement date, Ganfeng Lithium is not listed as a dishonest executor.