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

Jan 18, 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 Successful Bid for Exploration Rights of the Controlled Subsidiary Haixi Jintai” 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 January 19, 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.

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Stock Code: 002460 Stock Name: Ganfeng Lithium No.: Lin 2019-003 GANFENG LITHIUM CO., LTD.

ANNOUNCEMENT ON SUCCESSFUL BID FOR EXPLORATION RIGHTS OF THE CONTROLLED SUBSIDIARY HAIXI JINTAI

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.

Ganfeng Lithium Co., Ltd. (the “ Company ” ) recently received a notice from its controlled subsidiary Haixi Jintai Mining Co., Ltd. ( “ Haixi Jintai ” ) on Haixi Jintai ’ s success in securing the bid for the reconnaissance exploration rights to the deep-layered lithium brine mine in Fenghuangtai District, Mangya Administrative Committee, Qinghai Province at a price of RMB23.65 million.

The successful bid for the exploration rights of a controlled subsidiary of the Company constitutes neither a related-party transaction nor a significant asset restructuring as defined under the Administrative Measures on Significant Asset Restructuring of Listed Companies. In compliance with the Articles of Association, the Administrative Measures on External Investment and other relevant provisions, the matter is not required to be submitted to the board of directors and general meeting of the Company for consideration. Particulars are as follows:

I. BASIC INFORMATION ON THE EXPLORATION RIGHTS

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Name of the exploration rights: the reconnaissance exploration rights to the deep-layered lithium brine mine in Fenghuangtai District, Mangya Administrative Committee, Qinghai Province

Geographic location: Mangya Administrative Committee

Coordinates for the scope of exploration rights: inflection points coordinates (China Geodetic Coordinate System 2000)

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Acreage: 206.14 sq. km.

Remising term: three years

Payment method: the bid winner shall pay up the transaction price in a lump sum within seven days after the closing of the result publicity.

II. IMPACT OF THE TRANSACTION ON THE COMPANY

The successful bid for the reconnaissance exploration rights to the deep-layered lithium brine mine in Fenghuangtai District, Mangya Administrative Committee, Qinghai Province will provide the Company with necessary lithium resource reserves for its development, which is conducive to the business expansion of the Company, the implementation

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of the lengthways industrial chain strategy, and the improvement of the core competitiveness of the Company, and is in line with the upstream and downstream integration development strategy of the Company.

The transaction will result in net cash outflow of the Company to a certain extent but will have no apparent impact on the working capital of the Company required for normal operation. It is expected to have insignificant impact on the financial conditions and operation results of the Company for 2019.

III. RISKS INVOLVED IN THE TRANSACTION

1. Haixi Jintai has not obtained the exploration license from the competent authorities of land and resources. Therefore, there are risks of approval failure.

2. Considering the restricted natural environment where the mine site is located, there are risks that investigation on the mineral resources turns out a failure or that the mining site does not meeting the mining requirements.

The board of directors of the Company will closely monitor the progress of the matter and fulfill the disclosure obligation timely. Investors are advised to exercise caution and be aware of the risks involved.

IV. DOCUMENT AVAILABLE FOR INSPECTION

The bid confirmation on the public remising of exploration rights.

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Announcement is hereby given.

The board of directors Ganfeng Lithium Co., Ltd. January 19, 2019