GANFENGLITHIUM (01772) announced that all placement conditions precedent set out in the placement agreement have been satisfied, including obtaining listing approval, and the placement was completed on September 2, 2025. The company successfully allotted and issued a total of 40.0256 million new H shares to no fewer than 6 placees (who are independent professional or institutional investors) at a placement price of HK$29.28 per H share on September 2, 2025, representing 9.02% of the enlarged issued H share capital following the placement and issuance of the placement shares. To the directors' knowledge, as of the date of this announcement, each placee and their respective ultimate beneficial owners are independent third parties of the company. Immediately following completion of the placement, none of the placees became substantial shareholders of the company (as defined in the Listing Rules). The gross proceeds from the placement amounted to approximately HK$1.172 billion, with net proceeds (after deducting commission and estimated expenses) of approximately HK$1.1685 billion.

The board of directors is pleased to announce that all conditions precedent for the bond subscription set out in the subscription agreement have been satisfied, and the issuance of the bonds was completed on September 2, 2025. The bonds were listed on Vienna MTF operated by Wiener Börse AG on September 2, 2025. The aggregate principal amount of the bonds is HK$1.37 billion, which has been placed by the arrangers to no fewer than 6 independent subscribers (who are professional investors). The initial conversion price is HK$33.67 per H share (subject to adjustment). The bonds may be converted into conversion shares in accordance with the terms and conditions. Assuming full conversion of the bonds at the initial conversion price of HK$33.67 per H share, the bonds will be convertible into approximately 40.689 million H shares, representing approximately 9.17% of the enlarged issued H share capital following the placement and issuance of the placement shares and approximately 1.98% of the total issued share capital, as well as approximately 8.40% of the enlarged issued H share capital and approximately 1.94% of the enlarged issued share capital following the allotment and issuance of the placement shares and conversion shares upon full conversion of the bonds.