Ganfeng Lithium Group Co., Ltd. — Capital/Financing Update 2019

Mar 26, 2019

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(A joint stock company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 1772)

OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is made pursuant to the disclosure requirements under Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

According to the relevant regulations of the People’s Republic of China, GANFENG LITHIUM CO., LTD. (the “ Company ”) had published “Announcement on the Progress of the Acquisition of Part of the Equity Interests in Australia-Based Pilbara Minerals Limited” on the website of the Shenzhen Stock Exchange (http://www.szse.cn/). The following is a translation of the official announcement solely for the purpose of providing information.

By order of the Board GANFENG LITHIUM CO., LTD. LI Liangbin Chairman

Jiangxi, PRC March 27, 2019

As at the date of this announcement, the Board comprises Mr. LI Liangbin, Mr. WANG Xiaoshen, Mr. SHEN Haibo, Ms. DENG Zhaonan and Mr. XU Xiaoxiong as executive directors of the Company; Mr. HUANG Daifang as non-executive director of the Company; and Mr. GUO Huaping, Mr. HUANG Huasheng, Mr. LIU Jun and Ms. WONG Sze Wing as independent non-executive directors of the Company.

Stock Code: 002460 Stock Name: Ganfeng Lithium No.: Lin 2019-016

GANFENG LITHIUM CO., LTD.

ANNOUNCEMENT ON THE PROGRESS OF THE ACQUISITION OF PART OF THE EQUITY INTERESTS IN AUSTRALIA-BASED PILBARA MINERALS LIMITED

The Company and all members of its board of directors warrant that the information contained in this announcement is true, accurate and complete and that there are no false representations or misleading statements contained in or material omissions from this announcement.

At the 28th meeting of the fourth board of directors of Ganfeng Lithium Co., Ltd. (the “Company”) held on December 27, 2018, the Resolution in Relation to Investment in Mining Rights Through Subscription of Not More Than 5% Equity Interest in Australia-based Pilbara by Wholly-owned Subsidiary GFL International was considered and approved, pursuant to which GFL International Co., Limited (“GFL International”), a whollyowned subsidiary of the Company, was approved to subscribe for the new shares of Australia-based Pilbara Minerals Limited (“Pilbara”) at a consideration of not more than AUD50 million with its own internal funds and the management of the Company was authorized to deal with the matters in relation to the transaction at its sole discretion. For details, please refer to the Announcement of Ganfeng Lithium on the Investment in Mining Rights through Subscription of 5% Equity Interest in Australia-Based Pilbara Minerals Limited by Wholly-owned Subsidiary GFL International (Announcement No.: Lin 2018-124) published by the Company on Securities Times, Securities Daily and cninfo.com ( 巨潮資訊網 ) on

December 29, 2018.

Recently, the Company was informed by GFL International that GFL International has entered into an Subscription Agreement with Pilbara in relation to subscription of the 77,633,871 shares issued by Pilbara at a consideration of AUD50 million with its own internal funds. Upon completion of the transaction, GFL International will hold 8.37% equity interests in Pilbara and thus becomes the single largest shareholder of Pilbara. Meanwhile, the Company increased the terms on offtake of lithium concentrate. After the phase II is put into production, Pilbara will provide the Company with not more than 150,000 tonnes of lithium concentrate produced under the phase II expansion project. If the Company advances not less than US$20 million for any future phase III expansion project, Pilbara will provide the Company with not more than 50,000 tonnes of lithium product equivalent from the expanded lithium concentrate output after the phase III project is put into operation.

The Company will go through relevant procedures and perform its obligation of information disclosure based on the progress of the relevant matter. Investors are advised to exercise caution and be aware of investments risks.

The board of directors Ganfeng Lithium Co., Ltd. March 27, 2019