On June 17th, Ganfeng Lithium Group Co.,Ltd. announced that its wholly-owned subsidiary, Ganfeng International, has sold 35,092,999 ordinary shares of PLS Group Ltd via block trades on the secondary market. The total proceeds from the sale, net of transaction fees, amounted to approximately A$222 million.

Prior to this transaction, Ganfeng International held 140,494,971 ordinary shares in PLS, representing about 4.36% of PLS's total issued ordinary shares (3,222,003,320 shares). Following the sale, Ganfeng International retains 105,401,972 ordinary shares (including those involved in a collar option transaction), constituting roughly 3.27% of the total issued ordinary shares.

The company estimates that the cumulative pre-tax gain from this divestment is approximately 981,128,064 yuan, which is calculated as the sale proceeds minus the corresponding initial investment cost. This gain represents 60.83% of the company's most recent audited net profit attributable to shareholders.

Of this total, a pre-tax gain of about 353,155,477 yuan will be recognized in the current year's profit and loss statement, accounting for 21.89% of the latest audited net profit attributable to shareholders.

Company Overview

Ganfeng Lithium Group Co.,Ltd. is a world-leading lithium ecosystem enterprise with the capability to produce over 40 lithium compounds and metal lithium products across five major categories. It stands as one of the most comprehensive manufacturers of lithium series products, with a product portfolio that meets the unique and diversified needs of its clients.

The company's products are widely used in electric vehicles, energy storage, aerospace, functional materials, and pharmaceuticals, with a majority of its customers being global leaders in their respective industries. In 2025, Ganfeng Lithium reported revenue of 23.082 billion yuan, a year-on-year increase of 22.08%, with a net profit attributable to shareholders of 1.613 billion yuan.

About PLS

Founded in 2005, PLS is a leading global hard-rock lithium resource company and a core supplier of lithium raw materials for power batteries. It focuses on integrated lithium mining, beneficiation, and lithium salt production in the new energy upstream sector.

Its Pilgangoora lithium mine, located 140 kilometers southeast of Port Hedland in Western Australia's Pilbara region, is the world's largest independent hard-rock spodumene mine. Its annual production scale of spodumene concentrate ranks among the industry's highest, with an estimated remaining mine life of about 20 years. The operation also yields tantalite as a by-product, with tantalum concentrate produced alongside lithium processing, creating an additional revenue stream.

Furthermore, PLS has fully-owned lithium mining assets in Minas Gerais, Brazil, expanding its South American lithium resource footprint and diversifying away from reliance on a single region in Australia.

As a top-tier supplier of lithium products, Ganfeng Lithium's subsidiary Ganfeng International initially acquired PLS shares in 2017. This investment not only secured its supply of lithium raw materials but also provided financial returns. The recent sale of PLS shares has yielded a pre-tax gain of approximately 980 million yuan, achieving a dual benefit for the company.