Jiangxi Ganfeng Lithium Group Co., Ltd. (Ganfeng Lithium) signed an Equity Collar Transaction agreement with Morgan Stanley and Bank of America on October 2, 2024, to conduct collar options trading to lock in the value of its held Pilbara Minerals Limited stocks. The transaction involves 105,401,972 shares of Pilbara stock and received approximately 0.26 billion Australian dollars in advance. The purpose of the trade is to control the price fluctuation risk and meet the capital needs in the lithium ecological industry chain. Ganfeng Lithium stated that this move helps protect investor interests and has established relevant risk control measures. The transaction was approved at the second extraordinary shareholders' meeting in 2024 and will be accounted for and reported in accordance with enterprise accounting standards.

Jiangxi Ganfeng Lithium Group Co., Ltd. (Ganfeng Lithium) signed an Equity Collar Transaction agreement with Morgan Stanley and Bank of America on October 2, 2024, to conduct collar options trading to lock in the value of its held Pilbara Minerals Limited stocks. The transaction involves 105,401,972 shares of Pilbara stock and received approximately 0.26 billion Australian dollars in advance. The purpose of the trade is to control the price fluctuation risk and meet the capital needs in the lithium ecological industry chain. Ganfeng Lithium stated that this move helps protect investor interests and has established relevant risk control measures. The transaction was approved at the second extraordinary shareholders' meeting in 2024 and will be accounted for and reported in accordance with enterprise accounting standards.