Ganfeng Lithium Group Co., Ltd. — Earnings Release 2021

Jul 14, 2021

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 REGARDING THE REVISION OF THE FORECAST FOR THE INTERIM RESULTS OF 2021

This announcement is made by Ganfeng Lithium Co., Ltd. (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.09(2) (a) 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).

The following results forecast is prepared in accordance with the Accounting Standard for Business Enterprises of China.

Reference is made to the Company’s announcement dated April 29, 2021 regarding the unaudited first quarterly report of 2021 (the “ 2021 First Quarterly Report ”).

The Company hereby revises the forecast for the interim results of 2021 as follows:

I. RESULTS FORECAST FOR THE CURRENT PERIOD

1. The period for the results forecast: January 1, 2021 to June 30, 2021

2. Previous results forecast: Pursuant to the 2021 First Quarterly Report, the Company estimated that change of net profit attributable to shareholders of the listed company from January to June 2021 was 411.23% to 666.85%; range of change of net profit attributable to shareholders of the listed company from January to June 2021 was RMB800,000,000 to RMB1,200,000,000.

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1. Revised results forecast:

   • Net profit before or after deduction of non-recurring gains and losses, whichever is lower, was negative

2. ✓ Net profit before or after deduction of non-recurring gains and losses, whichever is lower, was positive and net profit attributable to shareholders of the listed company:

Turn losses into gains ✓ Up year-on-year Down year-on-year other

Item	Before revision	After revision	Sameperiod lastyear
Net profit attributable to shareholders of the listed company	Gain: RMB800,000,000 to RMB1,200,000,000	Gain: RMB1,300,000,000– RMB1,600,000,000	Gain:RMB156,485,200
	Increase by 411.23% to 666.85% as compared with the corresponding period lastyear	Increase by 730.75% to 922.46% as compared with the corresponding period lastyear
Net profit after deduction of non- recurring gains and losses		Gain: RMB800,000,000– RMB1,100,000,000	Gain:RMB173,802,300
		Increase by 360.29% to 532.90% as compared with the corresponding period lastyear
Basic earnings per share	Gain: RMB0.59/share– RMB0.88/share	Gain: RMB0.96/share– RMB1.18/share	Gain: RMB0.12/share

II. PRE-AUDIT STATUS OF THE REVISED RESULTS FORECAST

This results forecast of the Company has not been pre-audited by the auditor.

III. REASONS FOR THE REVISION OF THE RESULTS FORECAST

1. The products sales price of the Company was higher than expected during the period for the results forecast;

2. Due to the increase in fair value of financial assets held by the Company such as Pilbara during the period for the results forecast.

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IV. OTHER RELEVANT INFORMATION

1. The revised results forecast is only a preliminary estimation made by the financial department of the Company. Details of the financial information shall be subject to the 2021 interim report to be published by the Company;

2. The Board extends sincere apologies to investors for any inconvenience caused by this revision of the results forecast. Shareholders and investors are advised to make cautious decision and be aware of the investment risks.

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

Jiangxi, PRC July 14, 2021

As at the date of this announcement, the Board comprises Mr. LI Liangbin, Mr. WANG Xiaoshen, Ms. DENG Zhaonan and Mr. SHEN Haibo as executive directors of the Company; Mr. YU Jianguo and Ms. YANG Juan 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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