Ganfeng Lithium Group Co., Ltd. — Earnings Release 2022

Jul 14, 2022

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 OF THE FORECAST FOR THE INTERIM RESULTS OF 2022

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.

I. RESULTS FORECAST FOR THE CURRENT REPORTING PERIOD

1. The period for the results forecast: January 1, 2022 to June 30, 2022 (the “ Current Reporting Period ”)

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2. Estimated results of operations:

• □Loss □Turn losses into gains ✔Up year-on-year □Down year-on-year

• (1) Results forecast for the first half of 2022

Item	January 1, 2022 to June 30, 2022	Same period of last year
Net profit attributable to shareholders of the listed company	Gain: RMB7,200,000,000 to RMB9,000,000,000	Gain: RMB1,416,651,700
	Increase by 408.24% to 535.30% as compared with the corresponding period last year
Net profit after deduction of non-recurring gains and losses	Gain: RMB8,000,000,000 to 9,800,000,000	Gain: RMB835,328,000
	Increase by 857.71% to 1,073.19% as compared with the corresponding period last yearv
Basic earnings per share	Gain: RMB5.01/share to RMB6.26/share	Gain: RMB1.04/share

• (2) Results forecast for the second quarter of 2022

Item	April 1, 2022 to June 30, 2022	Same period of last year
Net profit attributable to shareholders of the listed company	Gain: RMB3,674,920,000 to RMB5,474,920,000	Gain: RMB940,555,100
	Increase by 290.72% to 482.09% as compared with the corresponding period last year
Net profit after deduction of non-recurring gains and losses	Gain: RMB4,897,230,000 to RMB6,697,230,000	Gain: RMB541,615,500
	Increase by 804.19% to 1,136.53% as compared with the corresponding period last year
Basic earnings per share	Gain: RMB2.56/share to RMB3.81/share	Gain: RMB0.68/share

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II. COMMUNICATION WITH THE ACCOUNTING FIRM

The relevant data of the results forecast are the preliminary estimation made by the financial department of the Company and have not been audited by accounting firm. The Company has made preliminary communication with accounting firm on related matters of the forecast for the interim results, and there is no difference between the Company and the accounting firm on the results forecast in the Current Reporting Period.

III. REASONS FOR CHANGES IN THE RESULTS

1. During the Current Reporting Period, with the rapid development of new energy industry, the market demand for lithium salt products continued to grow, the price of lithium salt products remained at a high level, the sales volume and the average sales price of products of the Company increased as compared with the corresponding period last year, which result in the significant year-on-year increase of the Company’s operating results.

2. During the Current Reporting Period, the change in non-recurring gains and losses of the Company was mainly due to the decline in the share price of part of financial assets held by the Company.

IV. OTHER RELEVANT INFORMATION

The results forecast is only a preliminary estimation 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 2022 interim report to be published by the Company. Shareholders of the Company 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, 2022

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. WANG Jinben, Ms. WONG Sze Wing, Ms. XU Yixin and Mr. XU Guanghua as independent non-executive directors of the Company.

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