Ganfeng Lithium guarantees $54m loan for Huizhou subsidiary

Jiangxi Ganfeng Lithium Group Co. (Ganfeng Lithium) announced it has provided a RMB400,000,000 joint and several liability guarantee for its controlled subsidiary, Huizhou Ganfeng Lithium Power Technology Co., to China Construction Bank Huizhou Branch. This guarantee falls within the previously approved total guarantee limit for the company and its subsidiaries, as well as an additional USD30,000,000.

The guarantee period extends for three years from the date of each specific credit agreement. Huizhou Ganfeng Lithium Power Technology Co., established on August 24, 2020, with a registered capital of RMB200,000,000, reported total assets of RMB379,414,740 and total liabilities of RMB322,864,080 as of September 30, 2025. Its asset-liability ratio stood at 85.09% on the same date. The company's main businesses include battery manufacturing, sales, and related technical services.

This action supports the subsidiary's operational funding, ensuring its continued production and business activities. Ganfeng Lithium stated that the subsidiary's operations are normal and the guarantee risk is controllable, causing no adverse impact on the company's sustained operations or investor interests. As of the announcement date, Ganfeng Lithium's external guarantees, including those for its controlled subsidiaries, totaled RMB2,029,087.24, representing 48.56% of its most recent audited net assets.