Ganfeng Lithium Group (01772) plans to introduce strategic investor Wanxin Green Energy to acquire approximately 44.2361% of the equity of Shenzhen Yichu for about 664 million yuan.

Ganfeng Lithium Group (01772) announced that, in order to meet the funding needs of Shenzhen EasyStorage, enhance its operational strength, and support the company's integrated strategy for the lithium ecosystem both upstream and downstream, the company held its sixth Board of Directors meeting on October 17, 2025. The meeting approved the proposal on the transfer of a portion of the equity interest in Shenzhen EasyStorage, a subsidiary, and the introduction of a strategic investor, as well as related party transactions. The company agreed to introduce the strategic investor Wanxin Green Energy, who will acquire 44.2361% of the equity in Shenzhen EasyStorage for a total consideration of RMB 66,354.15 million, purchasing the RMB 28,611 million (29.5355% equity) held by the company and other original shareholders. This transaction is beneficial for enhancing the financial strength of Shenzhen EasyStorage, reducing its debt-to-asset ratio, optimizing its equity structure, and promoting sustainable high-quality development. All parties in this deal will fully utilize their respective advantages to achieve a strategic cooperation mechanism, supporting the company in improving its industry chain layout, enhancing its core competitiveness and profitability, in line with the company's strategy for the integrated development of the lithium ecosystem, and serving the interests of all shareholders.