On September 3, 2025, Jiangxi Ganfeng Lithium Co., Ltd. (referred to as "Ganfeng Lithium") announced the completion of its additional H-share placement and convertible bond issuance. The company successfully completed a combined HK$2.54 billion H-share placement and H-share convertible bond issuance. This included the placement of 40,025,600 new H-shares at a price of HK$29.28 per H-share and the issuance of an H-share convertible bond with a principal amount of HK$1.37 billion, a 1.5% coupon rate, and a maturity date in 2026.
Ganfeng Lithium is a company listed on both the A- share and H-share markets. Starting as a midstream manufacturer of lithium compounds and lithium metals, it has successfully expanded its business to cover the entire industry value chain. The company has a vertically integrated business model that spans upstream lithium resource development, midstream deep processing of lithium salts and lithium metal smelting, and downstream lithium battery manufacturing and comprehensive recycling of retired lithium batteries. These business segments effectively leverage synergies with one another. Ganfeng Lithium is a world-leading lithium ecosystem company with the capacity to produce over 40 types of lithium compounds and lithium metal products across five major categories. It is one of the most comprehensive suppliers of lithium products, and its complete product portfolio meets the unique and diverse needs of its customers. The company has established long-term strategic relationships with blue-chip clients, including top-tier global battery suppliers and leading global automotive OEMs. This H-share placement and H-share convertible bond issuance will help Ganfeng Lithium better achieve its future development plans.
As a long-term partner of Ganfeng Lithium, Llinks served as the issuer's PRC legal counsel for this transaction. Llinks participated throughout the entire process of Ganfeng Lithium's issuance, providing comprehensive, professional, and high-quality one-stop legal services.
