Ganfeng Lithium : PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION

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(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1772)

PROPOSED AMENDMENTS TO

THE ARTICLES OF ASSOCIATION

This announcement is made by Ganfeng Lithium Co., Ltd. (the "Company") pursuant to Rules 13.51(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

In light of the changes in the business scope, the shareholding structure and the registered capital of the Company, the board of directors of the Company (the "Board") announces that the Board has proposed to make the following amendments to the articles of association of the Company (the "Articles of Association"):

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No.		Original version	Amended version
1	Article 11:	Article 11:
	⋯⋯		⋯⋯
	The Company's business scope:	The Company's business scope:
	Production of lithium hydroxide	Production of lithium hydroxide
	(11kt/a) (valid until March 16, 2021);	( 31 k t / a ) ( v a l i d u n t i l M a r c h 16,
	lithium fluoride (1500t/a) (valid until	2021); lithium fluoride (1500t/a)
	December 28, 2021); butyllithium	(valid until December 28, 2021);
	(500t / a )	( v a l i d u n t i l D e c e m b e r	butyllithium (500t/a) (valid until
	25, 2021); sales of butyllithium,	D e c e m b e r 2 5 , 2 0 2 1 ) ; s a l e s o f
	c h l o r o b u t a n e , c y c l o h e x a n e ,	lithium hydride, lithium oxide,
	metallic lithium, lithium hydroxide,	l i t h i u m b o r o n a l l o y , l i t h i u m
	lithium fluoride, lithium hydride,	silicon alloy, lithium aluminum
	lithium oxide, lithium aluminum	alloy, sulfuric acid, hydrochloric
	h y d r i d e ,	l i t h i u m s i l i c o n a l l o y ,	acid, butyllithium, chlorobutane,
	lithium aluminum alloy, sulfuric	n-hexane, cyclohexane, metallic
	a c i d , h y d r o c h l o r i c a c i d ( v a l i d	lithium, lithium hydroxide, lithium
	until December 19, 2019); sales of	fluoride (valid until June 3, 2022);
	non-ferrous metals, batteries, battery	sales of non-ferrous metals, batteries,
	materials, instrumentation spare	battery materials, instrumentation
	parts, machinery and equipment,	spare parts, machinery and equipment,
	production, processing and sales	production, processing and sales
	of chemical products, chemical	of chemical products, chemical
	materials and chemicals (excluding	materials and chemicals (excluding
	hazardous chemicals and precursor	hazardous chemicals and precursor
	chemicals; research and experimental	chemicals; research and experimental
	development, technology promotion	development, technology promotion
	services, new energy research and	services, new energy research and
	development; import and export of	development; import and export of
	goods and technologies (operation	goods and technologies (operation
	subject to licenses); capital investment	subject to licenses); capital investment
	services and investment consulting	services and investment consulting
	services. (Operational activities in	services. (Operational activities in
	connection with the items subject to	connection with the items subject to
	approval according to the law may	approval according to the law may
	only be carried out after approved by	only be carried out after approved by
	the competent authorities).	the competent authorities).
	⋯⋯		⋯⋯

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No.	Original version	Amended version
2	Article 18:	Article 18:
	⋯⋯	⋯⋯
	S u b j e c t t o t h e a p p r o v a l o f t h e	S u b j e c t t o t h e a p p r o v a l o f t h e
	examination and approval authority	examination and approval authority
	authorized by the State Council,	authorized by the State Council,
	the total number of ordinary shares	the total number of ordinary shares
	t h a t C o m p a n y m a y i s s u e s h a l l	t h a t C o m p a n y m a y i s s u e s h a l l
	b e 1 , 3 1 5 , 0 8 1 , 2 0 2 s h a r e s . T h e	b e 1 , 2 9 2 , 6 0 0 , 2 4 1 s h a r e s . T h e
	shareholding structure of the Company	shareholding structure of the Company
	is as follows: 1,315,081,202 ordinary	is as follows: 1,292,600,241 ordinary
	shares, including 1,114,895,402	shares, including 1,092,414,441
	domestic - listed domestic shares	domestic - listed domestic shares
	(A-shares), accounting for 84.78%	(A-shares), accounting for 84.51%
	of the total number of shares of the	of the total number of shares of the
	Company; 200,185,800 overseas	Company; 200,185,800 overseas
	listed foreign shares (H - shares),	listed foreign shares (H - shares),
	accounting for 15.22% of the total	accounting for 15.49% of the total
	number of shares of the Company.	number of shares of the Company.
3	Article 22:	Article 22:
	The registered capital of the Company	The registered capital of the Company
	shall be RMB1,315,081,202.	shall be RMB1,292,600,241.

Save as the aforesaid proposed amendments to the Articles of Association, the other provisions of the Articles of Association remain unchanged.

The proposed amendments to the Articles of Association are subject to the approval of the shareholders by way of a special resolution at the forthcoming extraordinary general meeting (the "EGM"); and will come into effect after obtaining all necessary approvals, authorizations or registration (if applicable) from or filing with the relevant government or regulatory authorities. The details in relation to the proposed amendments to the Articles of Association and the EGM will be set out in the circular which will be despatched to the shareholders of the Company as soon as practicable.

By order of the Board

GANFENG LITHIUM CO., LTD.

LI Liangbin

Chairman

Jiangxi, PRC

October 28, 2019

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As at the date of this announcement, the Board comprises Mr. LI Liangbin, Mr. WANG Xiaoshen, Mr. SHEN Haibo, Ms. DENG Zhaonan and Mr. XU Xiaoxiong as executive directors of the Company; Mr. HUANG Daifang as non-executive director of the Company; and Mr. GUO Huaping, Mr. HUANG Huasheng, Mr. LIU Jun and Ms. WONG Sze Wing as independent non-executive directors of the Company.

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