Ganfeng Lithium : COMPLETION OF PLACING OF NEW H SHARES UNDER GENERAL MANDATE

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Neither this announcement nor any copy thereof may be released into or distributed directly or indirectly in the United States or any other jurisdiction where such release or distribution might be unlawful.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities.

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any other state securities law in the United States, and may not be offered or sold within the United States unless registered under the U.S. Securities Act or pursuant to an exemption from, or in a transaction not subject to, registration under the U.S. Securities Act. The Company has no intention to register under the U.S. Securities Act any of the securities referred to herein or to conduct a public offering of securities in the United States.

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

(Stock Code: 1772)

COMPLETION OF PLACING OF NEW H SHARES UNDER GENERAL MANDATE

Placing Agents

Reference is made to the announcement of the Company dated September 16, 2020 (the "Announcement") in relation to the Placing. Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

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COMPLETION OF THE PLACING

The Company is pleased to announce that all the conditions of the Placing (as referred to in the Announcement) have been fulfilled and completion of the Placing took place on September 23, 2020.

An aggregate of 40,037,000 Placing Shares have been successfully placed at the Placing Price of HK$36.35 per Placing Share to no less than six Placees, who are not connected persons (as defined under the Listing Rules) of the Company. None of the Placees has become a substantial shareholder (as defined under the Listing Rules) of the Company upon taking up the Placing Shares.

The Company received aggregate net proceeds of approximately HK$1,449 million from the Placing.

By order of the Board

Ganfeng Lithium Co., Ltd.

Li Liangbin

Chairman

Jiangxi, the PRC

September 23, 2020

As at the date of this announcement, the Board comprises Mr. LI Liangbin, Mr. WANG Xiaoshen and Ms. DENG Zhaonan as executive directors of the Company; Mr. YU Jianguo and Ms. YANG Juanjuan as non-executive directors of the Company; and Mr. LIU Jun, Ms. WONG Sze Wing, Ms. XU Yixin and Mr. XU Guanghua as independent non-executive directors of the Company.

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