Ganfeng Lithium Group Co., Ltd. — Earnings Release 2020

Oct 14, 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/OVERSEAS REGULATORY ANNOUNCEMENT

ANNOUNCEMENT OF THE FORECAST FOR THE FIRST THREE QUARTERLY RESULTS OF 2020

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

The following results forecast is prepared according to China Accounting Standards for Business Enterprises.

I. RESULTS FORECAST FOR THE CURRENT PERIOD

1. Period for the results forecast: January 1, 2020 to September 30, 2020

2. Estimated results of operations:

3. Loss Turn losses into gains

✔[Up year-on-year] Down year-on-year

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(1) Results forecast for the first three quarters of 2020

January 1, 2020 to Item September 30, 2020 Same period last year Net profit attributable Gains: RMB330,000,000 Gains: RMB329,165,300 to shareholders of the to RMB365,000,000 listed company Increase by 0.25% to 10.89% as compared with the corresponding period last year Basic earnings per share Gains: RMB0.25/share to Gains: RMB0.25/share RMB0.28/share

(2) Results forecast for the third quarter of 2020

July 1, 2020 to September Item 30, 2020 Same period last year Net profit attributable Gains: RMB173,514,800 Gains: RMB33,376,500 to shareholders of the to RMB208,514,800 listed company Increase by 419.87% to 524.74% as compared with the corresponding period last year Basic earnings per share Gains: RMB0.13/share to Gains: RMB0.03/share RMB0.16/share

II. PRE-AUDIT STATUS OF THE RESULTS FORECAST

The results forecast has not been audited by accounting firms.

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III. REASONS FOR CHANGES IN RESULTS

1. During the Current Reporting Period, the production and sales volume of lithium salts of the Company increased year-on-year, but the price of lithium salts decreased year-on-year, which had an impact on the increase of the Company’s operating income and profits;

2. During the Current Reporting Period, the production capacity of the Company’s battery sector was utilized in an orderly manner and its sales increased, which provided supplement for the Company’s financial performance;

3. The stock price of Pilbara held by the Company rallied during the Current Reporting Period.

IV. OTHER RELEVANT INFORMATION

The results forecast is only a preliminary estimate made by the financial department of the Company and has not been audited by certified public accountants. Details of the financial information shall be subject to the Third Quarterly Report of 2020 to be disclosed by the Company. Investors are reminded to make cautious decision and pay attention to the investment risks.

Announcement is hereby given.

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

Jiangxi, PRC October 15, 2020

As at the date of this announcement, the Board comprises Mr. LI Liangbin, Mr. WANG Xiaoshen and Ms. DENG Zhaonan 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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