Ganfeng Lithium Group Co., Ltd. — Earnings Release 2026

Apr 16, 2026

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.

穗條律业

Ganfeng Lithium

Ganfeng Lithium Group Co., Ltd.

江西贛鋒鯉業集團股份有限公司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1772)

INSIDE INFORMATION POSITIVE PROFIT ALERT

This announcement is made by Ganfeng Lithium Group Co., Ltd. (the "Company") and its subsidiaries (collectively, the "Group") pursuant to Rule 13.09(2) (a) and 13.10B 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).

POSITIVE PROFIT ALERT

The board of directors of the Company (the "Board") wishes to inform that the finance department of the Company conducted a preliminary estimate in accordance with the Chinese Accounting Standards for Business Enterprises. It is expected that, for the three months ended March 31, 2026 (the "Reporting Period"), (i) the net profit attributable to the shareholders of the Company would be in the range from RMB1,600,000,000 to RMB2,100,000,000, representing an increase of approximately $549.65\%$ to $690.17\%$ as compared with the net loss attributable to the shareholders of the Company being RMB355,829,500 for the corresponding period in 2025; (ii) the net profit after deducting the non-recurring profit or loss would be in the range from RMB1,250,000,000 to RMB1,750,000,000, representing an increase of approximately $616.12\%$ to $822.56\%$ as compared with the net loss after deducting the non-recurring profit or loss being RMB242,193,100 for the corresponding period in 2025; and (iii) the basic earnings per share would be in the range from RMB0.77 per share to RMB1.01 per share, as compared with the basic loss per share of RMB0.18 for the corresponding period in 2025.

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Based on the information currently available, the unaudited results of the Group under the Chinese Accounting Standards for Business Enterprises for the Reporting Period are expected to increase significantly as compared to the corresponding period the previous year, primarily because during the Reporting Period, (1) benefiting from the rapid development of the global new energy industry, downstream customer demand for lithium salts has grown strongly, and the selling prices of the Company's lithium salt products have increased significantly as compared to the corresponding period in 2025. In addition, with the capacity release of the Company's lithium resource projects, the Company's cost structure has been continuously optimized. Coupled with the sustained growth of the power battery and energy storage markets, the production and sales volume of the lithium battery segment have increased markedly. As a result, the Company's operating performance achieved year-on-year growth; (2) the increase in the share price of PLS Group Ltd (PLS) held by the Company generated fair value change gains. After hedging under the established risk management strategy related to collar options, the total fair value change gain amounted to approximately RMB259 million.

RISK WARNING

The Company has made preliminary communication with the auditor of the Company (the "Auditor") on related matters of the performance estimate, and there is no significant disagreement between the Company and the Auditor over the performance estimate for the Reporting Period. The relevant financial data of this announcement is based on the preliminary estimate made by the finance department of the Company under the Chinese Accounting Standards for Business Enterprises and has not been audited by the Auditor.

The results forecast is only a preliminary estimation made by the financial department of the Company. Details shall be disclosed in the 2026 first quarterly report of the Company, which may differ from the information contained in this announcement. Investors are reminded to make rational decisions and pay attention to the investment risks.

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

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

Jiangxi, PRC
April 16, 2026

As at the date of this announcement, the Board comprises Mr. LI Liangbin, Mr. WANG Xiaoshen, Mr. SHEN Haibo, Ms. HUANG Ting and Mr. LI Chenglin as executive directors of the Company; Ms. LUO Rong as non-executive director of the Company; Mr. WANG Jinben, Mr. WONG Ho Kwan, Mr. XU Jianzhang and Mr. XU Guanghua as independent non-executive directors of the Company; and Ms. LIAO Cui as employee director of the Company.