Announcement Number: 2026-080
Guocheng Mining Co., Ltd.
Announcement on the Signing of a Long-Term Cooperation Agreement for Lithium Carbonate and Related Party Transaction
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false or misleading statements or material omissions.
Guocheng Mining Co., Ltd. (hereinafter referred to as the "Company") reviewed and approved the "Proposal on the Signing of a Long-Term Cooperation Agreement for Lithium Carbonate by a Holding Subsidiary and Related Party Transaction" at the 59th meeting of the 12th Board of Directors held on August 7, 2026. The relevant matters are hereby announced as follows:
I. Overview of Related Party Transactions
To ensure the stable long-term sales of battery-grade lithium carbonate products by its holding subsidiary, Sichuan Guocheng Lithium Industry Co., Ltd. (hereinafter referred to as "Guocheng Lithium"), and to secure long-term customer orders, the Company's holding subsidiary Guocheng Lithium has signed a "Long-Term Cooperation Agreement for Lithium Carbonate" (hereinafter referred to as the "Agreement") with Jike Supply Chain Management (Chengdu) Co., Ltd. (hereinafter referred to as "Jike Company"). The Agreement stipulates that from August 2026 to July 2036, Guocheng Lithium will supply battery-grade lithium carbonate to Jike Company. The supply quantity will be calculated annually, and the specific supply volume will be determined based on the production capacity of the spodumene concentrate supplier and Jike Company's actual order placement. The product will be priced at the monthly average price. Guocheng Lithium has already signed the "Framework Agreement on Long-Term Supply and Marketing of Spodumene Concentrate" with Malkang Jinsheng Mining Co., Ltd., a company in which the Company has an equity interest, to establish a business cooperation for the supply and marketing of spodumene concentrate. For details, please refer to the "Announcement on the Signing of a Framework Agreement by a Wholly-Owned Subsidiary and Related Party Transaction" disclosed by the Company on December 21, 2024.
Given that Guocheng Lithium is a holding subsidiary of the Company, and Jike Company is an affiliated party of Hangzhou Jicheng Enterprise Management Partnership (Limited Partnership), a 5% shareholder of the Company, the Company and Jike Company have a related party relationship, and this transaction constitutes a related party transaction. This related party transaction was unanimously approved by the 6th Specialized Committee of Independent Directors in 2026 before being submitted to the Board of Directors for review. This related party transaction was approved by the 59th meeting of the 12th Board of Directors. Related Director Mr. Xu Zhihao abstained from voting. In accordance with the "Company Law," the "Shenzhen Stock Exchange Stock Listing Rules," and the "Articles of Association," this related party transaction matter still needs to be submitted to the shareholders' meeting for review.
This transaction does not constitute a major asset restructuring as stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies," nor does it constitute a restructuring and listing.
II. Basic Information of the Related Party
Company Name: Jike Supply Chain Management (Chengdu) Co., Ltd.
Unified Social Credit Code: 91430500MA4T1FDN81
Legal Representative: Huang Hongxiao
Registered Capital: RMB 158.5 million
Date of Establishment: December 30, 2020
Company Type: Other Limited Liability Company
Address: Room 608, Building 1, Block C, No. 200 Tianfu 5th Street, Chengdu High-tech Zone, China (Sichuan) Pilot Free Trade Zone