Ganfeng Lithium Group Co., Ltd. — Major Shareholding Notification 2021

Feb 18, 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.

==> picture [237 x 91] intentionally omitted <==

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

(Stock Code: 1772)

OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is made pursuant to the disclosure requirements under Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

According to the relevant regulations of the People’s Republic of China, GANFENG LITHIUM CO., LTD. (the “ Company ”) had published the following announcement on the website of the Shenzhen Stock Exchange (http://www.szse.cn/). The following is a translation of the official announcement solely for the purpose of providing information.

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

Jiangxi, PRC February 19, 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 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.

– 1 –

Stock Code：002460 Stock Abbreviation：Ganfeng Lithium Number：Lin 2021–025

GANFENG LITHIUM CO., LTD. ANNOUNCEMENT IN RELATION TO RELEASE OF PLEDGE OF CERTAIN SHARES BY THE SHAREHOLDER

The Company and all members of its board of directors warrant that the information contained in this announcement is true, accurate and complete and that there are no false representations or misleading statements contained in or material omissions from this announcement.

Ganfeng Lithium Co., Ltd. (hereinafter referred to as the “ Company ”) recently received a notice from Mr. LI Liangbin, a shareholder of the Company, in relation to his release of pledge of certain shares he held in the Company, the details of which are as follows:

I. BASIC INFORMATION ABOUT THE RELEASE OF PLEDGE OF SHARES BY THE SHAREHOLDER

	Whether he	Number
	is the largest	of shares		Percentage in
	shareholder	released from		the total
	and persons	pledge	Percentage	share capital	Commencement
	acting in	(0’000	in the shares	of the	date of the	Release date
Name of shareholder	concert	shares)	held by him	Company	pledge	of the pledge	Pledgee
LI Liangbin	Yes	90	0.33%	0.07%	February 7,	February 9,	Jiangxi State-
					2018	2021	owned Assets
		70	0.26%	0.05%	January 16,	February 10,	Venture Capital
					2019	2021	Investment
							Management
							Limited (江西
							國資創業投
							資管理有限
							公司)

– 2 –

II. INFORMATION ABOUT TOTAL SHARES PLEDGED BY THE SHAREHOLDER

As at the date of disclosure of this announcement, the shares pledged by the abovementioned shareholder and his persons acting in concert are as follows:

							Shares	pledged	Shares not pledged	Shares not pledged
			Number	Number			Number		Number of
			of shares	of shares			of pledged		shares not
			pledged	pledged		Percentage	shares		pledged
			before the	after the		in the total	subject to	Percentage	subject to
	Number of		release	release	Percentage	share capital	trading	in the	trading	Percentage
	shares held	Shareholding	of pledge	of pledge	in the shares	of the	moratorium	pledged	moratorium	in the shares
Name of shareholders	(share)	percentage	(share)	(share)	held by him	Company	and frozen	share	and frozen	not pledged
LI Liangbin	269,770,452	20.02%	92,150,000	90,550,000	33.57%	6.72%	0	0	0	0

1. The total number of shares pledged by Mr. Li Liangbin and his persons acting in concert are 90,550,000, accounting for 31.28% of the shares held by them and 6.72% of the total share capital of the company.

2. There is no violation of the interests of the company such as non-operating fund occupation and illegal guarantee among the abovementioned shareholders and their persons acting in concert.

3. The release of pledge of shares will not affect the company’s production operation and corporate governance. The release of pledge of shares do not involve performance compensation obligations.

4. As at the disclosure date of this announcement, the abovementioned shares pledged by the abovementioned shareholders and their persons acting in concert are not exposed to close-out risk or subject to forced close-out and the pledge risk is controllable. In case of subsequent pledge risk, the abovementioned shareholders and their persons acting in concert will take measures including but not limited to supplemental pledge and increase in additional margin to cope with the abovementioned risk.

The Company will pay continuous attention to the pledge and make relevant information disclosure as required in a timely manner. Investors are advised to make investment in a rational way and pay attention to investment risk.

– 3 –

III. DOCUMENTS AVAILABLE FOR INSPECTION

1. Certificate of registration for share pledge.

2. List of frozen shares provided by China Securities Depository and Clearing Corporation Limited

The announcement is hereby given.

The board of directors Ganfeng Lithium Co., Ltd.

February 19, 2021

– 4 –