GALAN LITHIUM LIMITED — Major Shareholding Notification 2019

Dec 3, 2019

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Galan Lithium Limited ACN/ARSN 149 349 616

1. Details of substantial holder (1)

Name Juan Pablo Vargas de la Vega ACN/ARSN N/A

There was a change in the interests of the substantial holder on 02/12/2019 The previous notice was given to the company on 19/09/2019 The previous notice was dated 19/09/2019

2. The previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and now when required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power (5)	Person’s votes	Voting Power (5)
Fully Paid Ordinary Shares	7,127,274	5.07%	12,244,932	7.76%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose Relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Consideration given in relation to change (7)	Class and number of securities affected	Class and number of securities affected	Person’s votes affected	Person’s votes affected
02/12/2019	Juan Pablo Vargas de la Vega	Shares issued for JORC resource milestone under Share Sale and Purchase Agreement	Non cash		5,117,658 fully paid ordinary shares		Juan Pablo Vargas de la Vega
4. Present relevant interests Particulars of each relevant interest of the substantial holder in voting securities after					the change are as follows:
Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)		Nature of relevant interest (6)		Class and number of securities		Persons’ s votes
Juan Pablo Vargas de la Vega	Juan Pablo Vargas de la Vega	Juan Pablo Vargas de la Vega		Direct		11,977,902 fully paid ordinary shares		7.59%
Patiperro P/L (Patiperro S/Fund)	Patiperro P/L (Patiperro S/Fund)	Patiperro P/L (Patiperro S/Fund)		Indirect		267,030 fully paid ordinary shares		0.17%

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (If applicable)	Name and ACN/ARSN (If applicable)	Nature of association
6. Addresses The addresses of persons named in this form are as follows:
Name		Address
Juan Pablo Vargas de la Vega		Unit 71 2 Sherwood Court Perth WA 6000
PatiperroP/L(Patiperro S/Fund)		Unit71 2Sherwood CourtPerth WA6000
Signature Print Name Sign here	Juan Pablo Vargas de la Vega Capacity Date 03/12/19

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. A corporation and it’s related corporations or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they must be referred to as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of ‘associate’ in section 9 of the Corporations Act 2001

• (3) See the definition of ‘relevant interest’ in sections 608 and 671B(7) of the Corporations Act 2001

• (4) The voting shares of a company constitute one class unless divided into separate classes

• (5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100

• (6) Include details of:

• a. any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• b. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies)

See the definition of ‘relevant agreement’ in section 9 of the Corporations Act 2001

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its association in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an option) write “unknown”

• (9) Give details, if appropriate , of the present association and any change in that association since the last substantial holding notice

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Galan Lithium Limited ACN/ARSN 149 349 616

1. Details of substantial holder (1)

Name Hongze Group Ltd ACN/ARSN N/A

There was a change in the interests of the substantial holder on 02/12/2019 The previous notice was given to the company on 16/04/2019 The previous notice was dated 16/04/2019

2. The previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and now when required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power (5)	Person’s votes	Voting Power (5)
Fully Paid Ordinary Shares	13,367,640	10.34%	17,955,870	11.37%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose Relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
02/12/2019	Hongze Group Ltd	Shares issued for JORC resource milestone under Share Sale and Purchase Agreement	Non cash	4,588,230 fully paid ordinary shares	Hongze Group Ltd

4. Present relevant interests

4. Present relevant interests	4. Present relevant interests	4. Present relevant interests	4. Present relevant interests
Particulars of each relevant interest of the substantial holder in voting securities after the				change are as follows:
Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Persons’ s votes
Hongze Group Ltd	Hongze Group Ltd	Hongze Group Ltd	Direct	17,955,870	11.37%

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (If applicable) Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name		Address
Hongze Group Ltd		Unit 503 5thfloor Silvercord Tower
		30 Canton RdTsimShaTsui Kowloon HongKong
Signature Print Name Sign here	Raymond Liu	Capacity Director Date 03/12/19

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. A corporation and it’s related corporations or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they must be referred to as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of ‘associate’ in section 9 of the Corporations Act 2001

(3) See the definition of ‘relevant interest’ in sections 608 and 671B(7) of the Corporations Act 2001

(4) The voting shares of a company constitute one class unless divided into separate classes

(5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100 (6) Include details of:

• a. any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• b. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies)

See the definition of ‘relevant agreement’ in section 9 of the Corporations Act 2001

(7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its association in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(8) If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an option) write “unknown”

(9) Give details, if appropriate , of the present association and any change in that association since the last substantial holding notice