Ganfeng Lithium approves substantial guarantees for subsidiary growth

Ganfeng Lithium (SZSE:002460) has reported progress in providing guarantees for its controlled subsidiaries, as detailed in its latest announcement. Following resolutions from its Board and Shareholders' meetings in March and June 2025, the company approved a total guarantee limit of RMB3,635,000万元 for its subsidiaries. This includes RMB2,521,000万元 for direct guarantees to subsidiaries and RMB1,114,000万元 for guarantees between subsidiaries.

Specific guarantees include a RMB25,150万元 time deposit pledge with the Export-Import Bank of China for Fengcheng Ganfeng Lithium, RMB28,700万元 in joint and several liability guarantees to Postal Savings Bank of China for Jiangxi Ganfeng Lithium Power Technology, and RMB10,000万元 in guarantees to Agricultural Bank of China for Jiangxi Ganfeng Lithium Power Technology. Additionally, RMB10,000万元 in guarantees were provided to Bank of Communications for Xinyu Ganfeng Electronics.

As of November 30, 2025, Ganfeng Lithium’s total issued A shares remain at RMB1,613,593,699, while H shares increased by 34,570,824 to RMB480,902,905. The total outstanding guarantee amount for subsidiaries within the approved limit of RMB3,635,000万元 for 2025 is RMB2,109,371.90万元. The company confirms all guarantee matters are within approved limits and support the subsidiaries' operational needs.