Monetary Policy and Economic Measures - The People's Bank of China will continue to implement a moderately loose monetary policy, using various tools to ensure ample liquidity and support consumption and effective investment, while maintaining the stability of the RMB exchange rate [2] - The Ministry of Finance reported that national fiscal revenue for the first three quarters reached 16.39 trillion yuan, a year-on-year increase of 0.5%, with a notable growth of 2.5% in the third quarter [3] - The Ministry of Finance announced measures to consolidate and expand the economic recovery, including allocating 500 billion yuan from local government debt limits to support local governments, an increase of 100 billion yuan from the previous year [3] Trade and Regulatory Developments - The Ministry of Commerce and other departments have adjusted the duty-free shopping policy for Hainan, increasing the number of duty-free product categories from 45 to 47, effective November 1 [4] - The Ministry of Commerce, along with five other departments, issued guidelines to improve the overseas comprehensive service system for enterprises, providing support for international cooperation and competition [4] - The State Administration for Market Regulation and the Ministry of Industry and Information Technology are drafting regulations to strengthen supervision of smart connected and new energy vehicle recalls [10] Corporate Performance and Market Trends - The China Securities Regulatory Commission revised the Corporate Governance Code for listed companies, effective January 1, 2026, to enhance the regulation of directors and senior management [5] - A-share market saw a significant decline, with the Shanghai Composite Index dropping 1.95% to 3839.76 points, and the Shenzhen Component Index falling 3.04% [5] - Zijin Mining reported third-quarter revenue of 86.489 billion yuan, a year-on-year increase of 8.14%, and a net profit of 17.056 billion yuan, up 52.25% [6] Investment and Financing Activities - The number of new margin trading accounts opened in September reached 205,400, a year-to-date high, with a month-on-month increase of 12.24% [6] - The fund managed by Zhao Yi increased holdings in companies such as Enjie and Kuaishou while reducing positions in CATL and Tencent [7] - Coca-Cola is considering an IPO for its bottling business in India, potentially raising $1 billion and valuing the business at approximately $10 billion [23]

Major Announcements - Jinling Mining has decided to suspend the public transfer of 100% equity and debt of JG Mining due to the lack of qualified buyers during the second public listing phase [4] - Huibo Yuntong's controlling shareholder and actual controller have voluntarily committed not to reduce their holdings of the company's stock during a specific period, coinciding with the planned acquisition of Baode Computer Systems [5] - Weigao Blood Purification is planning to purchase 100% equity of Weigao Purui through a share issuance, with trading expected to be suspended from October 20, 2025 [6] - Ganfeng Lithium intends to transfer part of its equity in Shenzhen Yichu to introduce a strategic investor for 664 million yuan, which will result in Shenzhen Yichu no longer being included in the consolidated financial statements [7] - Sanhua Intelligent Control has raised the upper limit for its share repurchase price from 35.75 yuan to 60.00 yuan and extended the implementation period by two months [8] - Jingwei Huikai plans to acquire 100% equity of ZTE Systems for 850 million yuan, entering the private network communication sector [9] Performance Reports - Cambrian reported a third-quarter net profit of 567 million yuan, with a revenue increase of 1332.52% year-on-year [10] - Hikvision's third-quarter net profit grew by 20.31%, with revenues of 239.4 billion yuan [12] - Kewell's third-quarter net profit increased by 110.36%, with revenues of 14.5 million yuan [13] - Siwei Technology expects a net profit increase of 140% to 169% for the first three quarters, driven by strong smartphone sector performance [14] - Shentong Technology's third-quarter net profit surged by 452.62%, with revenues of 4.86 billion yuan [15] - Huayou Cobalt's net profit for the first three quarters increased by 39.59%, benefiting from integrated operations and rising cobalt prices [16] - Shenghui Integration reported a third-quarter net profit growth of 93.89% [17] - Jinshi Yaya expects a net profit increase of 48.99% to 83.95% for the first three quarters due to successful commercialization of R&D projects [18] - Haida Group's net profit for the first three quarters grew by 14.31%, and the company plans to spin off its subsidiary for a Hong Kong listing [19] - Hanlan Environment anticipates a net profit increase of approximately 15.85% for the first three quarters [20] - Haitong Development's net profit for the first three quarters decreased by 38.47% due to market price declines and rising operational costs [21] - Explorer expects a net profit decline of 64.62% to 70.51% for the first three quarters due to poor sales in outdoor business [22] - Guoji General's net profit for the third quarter decreased by 46.73% due to a decline in project revenue recognition [23] Major Contracts - Xinjiang Jiaojian has been awarded a construction project worth 556 million yuan [24] - Robotech signed a contract worth approximately 761 million yuan, representing about 68.83% of its 2024 revenue [25] - Shengshi Technology signed a contract for the Hunchun Port project worth 102 million yuan [26] Shareholding Changes - Youfa Group's director plans to reduce his holdings by up to 3.54 million shares [27] - Shengbang shares' controlling shareholder plans to reduce holdings by up to 1.28% [28] - Hunan Silver's major shareholder plans to reduce holdings by up to 2% [29] Share Buybacks - Tonghua Dongbao plans to repurchase shares worth 20 million to 40 million yuan [30] - Shenzhen New Star intends to raise its share repurchase price limit from 18 yuan to 30 yuan [31] Financing Activities - Changsha Bank has received approval to issue capital instruments not exceeding 12 billion yuan [32]

Core Viewpoint - Ganfeng Lithium announced the transfer of part of its stake in its subsidiary Shenzhen Yichu to strategic investor Wanxin Green Energy for a total transaction price of RMB 663.54 million, involving a 44.2361% equity stake in Shenzhen Yichu [1] Group 1 - The sixth board meeting of Ganfeng Lithium will be held on October 17, 2025, to review the proposal for the equity transfer [1] - Wanxin Green Energy will acquire 29.5355% of Ganfeng Lithium's stake in Shenzhen Yichu for RMB 443.03 million [1] - The transaction involves related party transactions due to some board members and senior management holding shares in Shenzhen Yichu, but it does not constitute a major asset restructuring as per regulations [1]

Core Viewpoint - Ganfeng Lithium announced the authorization to dispose of part of its stock assets to optimize asset structure and improve operational efficiency [1] Group 1: Company Actions - The company will hold its sixth board meeting on October 17, 2025, to review the proposal for asset disposal [1] - The board has authorized management to sell publicly listed stock assets based on market conditions, with a total transaction amount not exceeding 10% of the latest audited net assets attributable to shareholders [1] - The authorization includes flexibility in transaction methods, timing, pricing, and quantity, valid for 12 months from the board's approval [1] Group 2: Financial Implications - The decision aims to release part of the company's asset value, indicating a strategic move to enhance financial performance [1] - The total amount for asset disposal is capped at 10% of the company's most recent audited net assets, reflecting a cautious approach to asset management [1]

Core Viewpoint - Ganfeng Lithium (01772) aims to enhance its operational strength and support its lithium ecosystem integration strategy by transferring part of its stake in Shenzhen Yichu to strategic investor Wanxin Green Energy for a total consideration of RMB 663.5415 million [1] Group 1: Transaction Details - The board meeting on October 17, 2025, approved the proposal to transfer 44.2361% of Shenzhen Yichu's registered capital, amounting to RMB 286.11 million, to Wanxin Green Energy [1] - Wanxin Green Energy will pay RMB 443.0325 million to acquire 29.5355% of the stake held by Ganfeng Lithium in Shenzhen Yichu [1] Group 2: Strategic Implications - The transaction is expected to enhance Shenzhen Yichu's financial strength, reduce its debt-to-asset ratio, and optimize its equity structure, promoting sustainable high-quality development [1] - The parties involved will leverage their respective advantages to establish a strategic cooperation mechanism, aiding in the improvement of the company's industry chain layout and enhancing its core competitiveness and profitability [1] - This move aligns with the company's lithium ecosystem integration development strategy and is in the best interest of all shareholders [1]

Core Viewpoint - Ganfeng Lithium plans to transfer part of its stake in Shenzhen Yichu to strategic investor Wanxin Green Energy for 664 million yuan, enhancing its lithium ecosystem integration strategy [1][3] Group 1: Transaction Details - Ganfeng Lithium's board approved the transfer of 44.2361% equity in Shenzhen Yichu, with Wanxin Green Energy acquiring 29.5355% of the stake for 443 million yuan [1] - The total assessed value of Shenzhen Yichu's equity is 2.52 billion yuan, and the transaction price reflects this valuation [3] - After the transaction, Wanxin Green Energy will become the largest shareholder of Shenzhen Yichu, holding 44.2361% of the shares [3] Group 2: Financial Performance - Shenzhen Yichu reported revenue of 93.3962 million yuan and a profit of 171 million yuan in the first half of the year [2] - As of June 30, 2025, Shenzhen Yichu's debt-to-asset ratio was 55.49% [2] Group 3: Strategic Implications - The transaction is expected to enhance Shenzhen Yichu's financial strength, reduce its debt ratio, and optimize its equity structure, promoting sustainable high-quality development [3] - Ganfeng Lithium aims to leverage this strategic partnership to improve its core competitiveness and profitability, aligning with its lithium ecosystem integration strategy [3] Group 4: Reporting Changes - Post-transaction, Shenzhen Yichu will no longer be included in Ganfeng Lithium's consolidated financial statements [4] - Ganfeng Lithium plans to optimize its asset structure by authorizing management to dispose of certain listed stock assets, with a total transaction amount not exceeding 10% of the latest audited net assets [4]

Core Viewpoint - Ganfeng Lithium (002460)(01772) has approved a strategic investment to enhance the operational strength of its subsidiary Shenzhen Yichu, aligning with its lithium ecosystem integration strategy [1] Group 1: Transaction Details - The company will transfer part of its equity in Shenzhen Yichu to strategic investor Wanxin Green Energy for a transaction price of RMB 663.5415 million [1] - Wanxin Green Energy will acquire 44.2361% of Shenzhen Yichu's registered capital, which amounts to RMB 286.11 million, with RMB 443.0325 million allocated for the company's 29.5355% stake [1] Group 2: Strategic Implications - This transaction is expected to enhance Shenzhen Yichu's financial strength, reduce its debt-to-asset ratio, and optimize its equity structure, promoting sustainable high-quality development [1] - The collaboration aims to leverage the strengths of all parties involved to establish a strategic cooperation mechanism, improving the company's industry chain layout and enhancing core competitiveness and profitability [1] - The transaction aligns with the company's lithium ecosystem integration development strategy and is in the best interest of all shareholders [1]

江西贛鋒鋰業集團股份有限公司 董事長 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 （於中華人民共和國註冊成立之股份有限公司） （股份代號：1772） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 刊 發。 根據中華人民共和國的有關法例規定，江西贛鋒鋰業集團股份有限公司（「本 公 司」）在 深 圳 證 券 交 易 所 網 站（http://www.szse.cn/）刊 發 了 以 下 公 告。茲 載 列 如 下，僅 供 參 閱。 承董事會命 李良彬 中國‧江西 二零二五年十月十七日 於 本 公 告 日 期，董 事 會 成 員 包 括 本 公 司 執 行 董 事 李 良 彬 先 生、王 曉 申 先 生、沈 海 博 先 生、黃 婷 女 士 及 李 承 霖 先 生；本 公 司 非 執 行 董 事 羅 榮 女 士； 本 公 司 獨 立 非 執 行 董 事 王 ...

Core Viewpoint - Ganfeng Lithium (002460.SZ) plans to authorize its management to dispose of its publicly listed stock assets based on market conditions, with a total transaction amount not exceeding 10% of the latest audited net assets attributable to shareholders [1] Summary by Sections - Authorization Details - The board of directors intends to grant management the authority to select or determine the trading methods, timing, prices, and quantities for the asset disposal [1] - The authorization period is set for 12 months from the date of approval by the board [1]

Core Viewpoint - Ganfeng Lithium (002460.SZ) announced a strategic move to enhance its operational strength and support its lithium ecosystem integration strategy by transferring part of its stake in Shenzhen Yichu to introduce a strategic investor, Wanxin Green Energy [1] Group 1: Transaction Details - The company held its sixth board meeting on October 17, 2025, where it approved the proposal to transfer part of its equity in Shenzhen Yichu and introduce a strategic investor [1] - Wanxin Green Energy will acquire 44.2361% of Shenzhen Yichu's registered capital for a total transaction price of RMB 66,354.15 million, with RMB 44,303.25 million allocated for the company's 29.5355% stake [1] - Following the completion of this transaction, Shenzhen Yichu will no longer be included in the company's consolidated financial statements [1]