Ganfeng Lithium shareholder pledges shares, company guarantees subsidiary loans

Jiangxi Ganfeng Lithium Co., Ltd. disclosed its major shareholder, Li Liangbin, pledged 15 million shares, representing 3.96% of his total holdings and 0.72% of the company's total share capital, for personal financial needs. As of the announcement date, Li Liangbin and his concerted parties have cumulatively pledged 106.95 million shares, accounting for 26.29% of their total holdings and 5.10% of the company’s total share capital.

Concurrently, Ganfeng Lithium announced a guarantee for its holding subsidiary, Jiangxi Ganfeng Lithium Battery Technology Co., Ltd., for a maximum amount of 300 million yuan. This guarantee is part of the 36.35 billion yuan total guarantee limit approved by shareholders for 2025. As of the announcement date, Ganfeng Lithium’s total external guarantees, including those for subsidiaries, amount to 2.04 trillion yuan, representing 48.92% of its audited net assets.

The company stated that the share pledge by Li Liangbin is within a controllable range and does not pose a risk of forced liquidation. Both the share pledge and the corporate guarantees are not expected to impact the company's production, operations, or governance.