Ganfeng Lithium Group Co., Ltd. — Director's Dealing 2020

Apr 21, 2020

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)

INSIDE INFORMATION ANNOUNCEMENT ON PROPOSED REDUCTION OF SHAREHOLDING IN THE A SHARES OF THE COMPANY BY SHAREHOLDERS

This announcement is made by Ganfeng Lithium Co., Ltd. (the “ Company ”) pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Recently, the Company received notice letters from Mr. Shen Haibo, Ms. Yang Manying, Mr. Xiong Jianlang and Mr. Li Huabiao, shareholders of the Company, pursuant to which, Mr. Shen Haibo, Ms. Yang Manying, Mr. Xiong Jianlang and Mr. Li Huabiao plan to reduce their shareholdings in the A shares of the Company by way of centralized bidding, block trading or other lawful approaches within 6 months after 15 trading days from the date of this announcement (the “ Proposed Reduction ”). The shares proposed to be reduced by Mr. Shen Haibo, Ms. Yang Manying, Mr. Xiong Jianlang and Mr. Li Huabiao are the A shares of the Company subscribed by them

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prior to the Company’s initial public offering of A shares. The shareholding of Mr. Shen Haibo, Ms. Yang Manying, Mr. Xiong Jianlang and Mr. Li Huabiao as at the date of this announcement and their shareholding under the Proposed Reduction are shown as follows:

		Shareholding	Percentage	Shareholding	Percentage
		as at the	of total share	under the	of total share
	Relationship with	date of this	capital of the	Proposed	capital of the
Name of shareholder	the Company	announcement	Company	Reduction	Company
		(Shares)	(%)	(Shares)	(%)
Shen Haibo	Senior Management	12,623,568	0.9764%	2,400,000	0.1856%
Yang Manying	Senior Management	1,260,000	0.0975%	200,000	0.0155%
Xiong Jianlang	Family member of Mr.	5,837,160	0.4515%	1,500,000	0.1160%
	Li Liangbin, the actual
	controller and chairman of
	the board of directors of
	the Company
Li Huabiao	Family member of Mr.	213,372	0.0165%	100,000	0.0077%
	Li Liangbin, the actual
	controller and chairman of
	the board of directors of
	the Company
Total		19,934,100	1.5419%	4,200,000	0.3249%

The main content of the Proposed Reduction is as follows: Mr. Shen Haibo, Ms. Yang Manying, Mr. Xiong Jianlang and Mr. Li Huabiao plan to reduce their shareholdings in the Company by not more than 4,200,000 A shares (i.e., not more than 0.3249% of the total share capital of the Company as at the date of this announcement) within 6 months after 15 trading days from the date of this announcement. Such Proposed Reduction will be conducted by way of centralized bidding, block trading or other lawful approaches. The reduction price will be determined based on the market price at the time when such reduction takes place.

The implementation of the Proposed Reduction is subject to uncertainties, and the aforesaid shareholders will decide whether to proceed with the Proposed Reduction based on factors such as the market conditions and the share price of the Company.

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Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

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

Jiangxi, PRC April 21, 2020

As at the date of this announcement, the Board comprises Mr. LI Liangbin, Mr. WANG Xiaoshen, Ms. DENG Zhaonan and Mr. GE Zhimin as executive directors of the Company; Mr. YU Jianguo and Ms. YANG Juanjuan as non-executive directors of the Company; and Mr. LIU Jun, Ms. WONG Sze Wing, Ms. XU Yixin and Mr. XU Guanghua, as independent non-executive directors of the Company.

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