Jiangxi Ganfeng Lithium Co., Ltd. (Ganfeng Lithium) announced on October 18, 2024, that its board of directors has approved providing financial assistance of up to 0.15 billion Australian dollars to the joint venture company Mt. Marion Lithium Pty Ltd (Mt. Marion Lithium). This assistance is mainly for the daily operation of the Mt Marion spodumene project in Australia. Chairman Li Liangbin and Vice Chairman and CEO Wang Xiaoshen of the company serve as directors at Mt. Marion Lithium, making this transaction a related party transaction. Mt. Marion Lithium is the main spodumene raw material supplier for Ganfeng Lithium, and the company indirectly holds 50% of its shares. This financial assistance will not affect the company's normal operation and capital use, and does not...Show More

Jiangxi Ganfeng Lithium Co., Ltd. (Ganfeng Lithium) announced on October 18, 2024, that its board of directors has approved providing financial assistance of up to 0.15 billion Australian dollars to the joint venture company Mt. Marion Lithium Pty Ltd (Mt. Marion Lithium). This assistance is mainly for the daily operation of the Mt Marion spodumene project in Australia. Chairman Li Liangbin and Vice Chairman and CEO Wang Xiaoshen of the company serve as directors at Mt. Marion Lithium, making this transaction a related party transaction. Mt. Marion Lithium is the main spodumene raw material supplier for Ganfeng Lithium, and the company indirectly holds 50% of its shares. This financial assistance will not affect the company's normal operation and capital use, and does not fall under the prohibition of providing financial assistance. This transaction is subject to approval by the company's shareholders' meeting. The independent directors have reviewed and approved this transaction, considering the transaction terms to be fair and reasonable, with manageable risks that will not harm the interests of the company and shareholders.