Ganfeng Lithium sells Shenzhen Yichu stake, brings in strategic investor

Ganfeng Lithium announced the completion of an equity transfer and registration for its controlling subsidiary, Shenzhen Yichu Intelligent Energy Group Co. This follows a decision to introduce Wansun Green Energy (Suqian) Partnership (Limited Partnership) as a strategic investor. Wansun Green Energy acquired 44.2361% of Shenzhen Yichu's registered capital for 66,354.15 million yuan, with 44,303.25 million yuan paid for Ganfeng Lithium's 29.5355% stake.

The transaction aims to enhance Shenzhen Yichu's capital strength, reduce its asset-liability ratio, and optimize its equity structure for sustainable development. Following the equity transfer, Ganfeng Lithium now holds 40.0399% of Shenzhen Yichu. The company concurrently announced the successful repayment of its 2024 first-tranche short-term financing bills totaling 76,395 million yuan, including principal and interest.

This strategic move is expected to leverage the strengths of all parties to form a strategic cooperation mechanism, improve Ganfeng Lithium's industrial layout, and enhance its core competitiveness, aligning with its "lithium ecosystem" development strategy. Shenzhen Yichu will no longer be consolidated into Ganfeng Lithium's financial statements post-transaction.