Announcement on the Progress of the Company's External Guarantees
Jiangxi Ganfeng Lithium Co., Ltd. (hereinafter referred to as "the Company" or "Ganfeng Lithium") and all members of its board of directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
1. Overview of Guarantees
- Jiangxi Ganfeng Lithium Co., Ltd. held its 12th meeting of the 6th Board of Directors on January 20, 2026, and the first extraordinary general meeting of shareholders on March 11, 2026, where it approved the proposal to provide guarantees for Hong Kong Luyuan Mining Investment Co., Ltd. (hereinafter referred to as "Hong Kong Luyuan") for loan applications to financial institutions, with the Company providing a guarantee of RMB 230 million. This guarantee is valid for 12 months from the date of approval by the shareholders' meeting. (See Company Announcements: 2026-003, 2026-021)
The Company held its 15th meeting of the 6th Board of Directors on April 29, 2026, and the annual general meeting of shareholders on May 20, 2026, where it approved the proposal to change the scope of guarantees for Hong Kong Luyuan, allowing guarantees for credit business, financing leasing, construction-related business, or daily operational needs (including advance payment guarantees, project funding guarantees, etc.). The forms of guarantees include but are not limited to credit guarantees (including general guarantees, joint liability guarantees, etc.), collateral/pawn guarantees, and combinations of various guarantee methods. This guarantee is also valid for 12 months from the date of approval by the shareholders' meeting and can be adjusted among the joint venture companies, with the above amount being reusable. (See Company Announcements: 2026-043, 2026-054)
- To support Hong Kong Luyuan's business expansion, the Company issued a "Guarantee Letter" to Xiamen Guomao Group Co., Ltd. (hereinafter referred to as "Xiamen Guomao"), committing to provide a joint liability guarantee of up to RMB 200 million for Hong Kong Luyuan's obligations under the "Potassium Chloride Sales Strategic Cooperation Agreement" (Agreement No.: SZ-ITG-2026-ZLHZ) signed with Xiamen Guomao in May 2026.