GANFENGLITHIUM and its subsidiary GANFENGLITHIUM Battery provide guarantees for their subsidiaries. GANFENGLITHIUM signed a contract with Ping An Bank to provide a joint liability guarantee of 355 million yuan for Huizhou GANFENGLITHIUM; GANFENGLITHIUM Battery signed a contract with China CITIC Bank Corporation to provide a joint liability guarantee of 150 million yuan for Guangdong Huichuang. These guarantees are all within the limits approved by the company's shareholders' meeting.As of the announcement date, the actual guarantee amount for Huizhou GANFENGLITHIUM is 1,500 million yuan, and the actual guarantee amount for Guangdong Huichuang by GANFENGLITHIUM Battery is 300 million yuan. The company stated that the purpose of this guarantee is to support the business development of its subsidiaries, and the risks are controllable. As...Show More

GANFENGLITHIUM and its subsidiary GANFENGLITHIUM Battery provide guarantees for their subsidiaries. GANFENGLITHIUM signed a contract with Ping An Bank to provide a joint liability guarantee of 355 million yuan for Huizhou GANFENGLITHIUM; GANFENGLITHIUM Battery signed a contract with China CITIC Bank Corporation to provide a joint liability guarantee of 150 million yuan for Guangdong Huichuang. These guarantees are all within the limits approved by the company's shareholders' meeting.As of the announcement date, the actual guarantee amount for Huizhou GANFENGLITHIUM is 1,500 million yuan, and the actual guarantee amount for Guangdong Huichuang by GANFENGLITHIUM Battery is 300 million yuan. The company stated that the purpose of this guarantee is to support the business development of its subsidiaries, and the risks are controllable. As of the announcement date, the total outstanding external guarantees of the company and its subsidiaries are 10,121.2874 million yuan, accounting for 21.52% of the company's most recent audited net assets.The company emphasizes that these guarantees will not affect its ability to continue operating, and there are no circumstances that would harm the company's and investors' interests. The company and its subsidiaries do not provide guarantees for entities outside the consolidated statement scope, nor do they have overdue guarantees or provide guarantees for major shareholders, actual controllers, or their related parties.