Ganfeng Lithium (1772) Announces Multiple Proposals Including 2.00 Billion RMB Wealth Management Investment and 10.00 Billion RMB FX Hedging

Bulletin Express
Feb 13

Ganfeng Lithium Group Co., Ltd. (stock code: 1772) disclosed multiple proposals in a circular that include investing up to 2.00 billion RMB in wealth management products and engaging in foreign exchange hedging with a maximum quota of 10.00 billion RMB. The resolutions will be put to vote at an extraordinary general meeting.

The announcement detailed a potential total of 4.85 billion RMB in continuing related-party transactions for 2026, encompassing purchases of lithium-related materials and sales of battery-grade lithium products. Concurrently, the group forecasts external guarantees of up to 28.00 billion RMB, covering both existing and new guarantees for various subsidiaries.

Additional guarantee arrangements focus on associates and joint ventures in different regions. The plan allows for a total of 4.85 billion RMB in guarantees to associates, primarily split between Shenzhen Yichu Digital Intelligent Energy Group Co., Ltd. and Guangdong Maigedu Huichu Technology Co., Ltd., as well as up to 2.80 billion RMB in guarantees to two joint ventures, namely Mt Marion Lithium Pty Ltd and Luyuan Mining Investment (Hong Kong) Co., Ltd.

The proposals include amending the Articles of Association to reflect an increase in the registered capital from approximately 2.02 billion RMB to 2.10 billion RMB due to changes in the total issued share capital. A new independent non-executive director nominee was also put forward, subject to shareholder approval. These measures address operational funding, resource security, and corporate governance needs simultaneously.

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