Ganfeng Lithium approves $3.6bn in guarantees for subsidiaries' expansion

Jiangxi Ganfeng Lithium Group Co., Ltd. (Ganfeng Lithium) has approved total guarantee limits of RMB 3,635,000万元 for its subsidiaries, including new guarantees and renewals. This comprises RMB 2,521,000万元 for its own guarantees to subsidiaries and RMB 1,114,000万元 for guarantees between subsidiaries. The approved limit is valid for 12 months from the shareholder meeting on June 25, 2025, allowing for inter-guarantee adjustments and revolving use.

Among the specific guarantees, Ganfeng International provided a guarantee of $5,000万美元 for Minera Exar S.A. to a financial institution. Ganfeng Lithium also guaranteed RMB 30,000万元 for Shenzhen Yichu Smart Energy Group Co., Ltd. with Hang Seng Bank, and RMB 17,462万元 for Yongping Lingwei Energy Storage Co., Ltd. with China Merchants Financial Leasing Co., Ltd. These guarantees are deemed necessary and reasonable, supporting the subsidiaries' operations and growth without adversely affecting the company's financial stability.

As of the announcement date, Ganfeng Lithium and its subsidiaries have an effective external guarantee limit of up to RMB 3,635,000万元 and $30,000万美元, representing 92.08% of its latest audited net assets. The total outstanding external guarantees amount to RMB 2,056,828.58万元, which is 49.23% of the latest audited net assets. Guarantees to entities outside the consolidated financial statement scope total RMB 36,800万元, or 0.88% of net assets.