Core Viewpoint - Lithium industry stocks experienced a significant rise, driven by the increase in lithium carbonate futures prices, which reached 79,400 yuan per ton, reflecting a more than 3% increase [1] Group 1: Company Performance - Ganfeng Lithium (01772) saw a rise of 4.8%, trading at 44.56 HKD [1] - Tianqi Lithium (09696) increased by 3.17%, with shares priced at 43.66 HKD [1] Group 2: Market Dynamics - The lithium carbonate futures market is supported by strong demand from both the electric vehicle sector and the energy storage market, indicating robust growth potential [1] - Supply-side factors include new production lines coming online for both spodumene and salt lake lithium, contributing to an expected increase in total lithium carbonate production in October [1] Group 3: Inventory and Price Trends - Recent market activity shows a reduction in total inventory, with warehouse receipts being canceled, indicating a tightening supply [1] - The current consumption season is providing support for prices, with a favorable short-term supply-demand balance expected to lead to price fluctuations [1]

Core Viewpoint - Lithium stocks experienced a significant afternoon rally, driven by rising lithium carbonate futures and strong demand in both the electric vehicle and energy storage markets [1] Group 1: Stock Performance - Ganfeng Lithium (002460) saw a 4.8% increase, trading at 44.56 HKD [1] - Tianqi Lithium (002466) rose by 3.17%, reaching 43.66 HKD [1] Group 2: Market Dynamics - As of October 23, lithium carbonate futures main contract increased by over 3%, currently priced at 79,400 CNY per ton [1] - Supply side improvements include new production lines for both spodumene and salt lake lithium, indicating potential growth in total lithium carbonate production for October [1] - The demand side is bolstered by rapid growth in both commercial and passenger electric vehicles, alongside a robust energy storage market [1] Group 3: Futures Market Insights - Huatai Futures noted that recent futures market rebounds were primarily influenced by news and consumer support, with total inventory decreasing and warehouse receipts being canceled [1] - Supply side challenges include delays in resuming production and various shutdown news, contributing to market volatility [1] - The current consumption peak provides some support, leading to a favorable short-term supply-demand balance and ongoing inventory reduction [1]

Group 1: Tianqi Lithium Industry - Tianqi Lithium announced that its wholly-owned subsidiary Chengdu Tianqi will jointly invest with several professional investment institutions to establish a partnership enterprise with a total subscription amount of 500 million yuan [1] - Chengdu Tianqi will contribute 250 million yuan, accounting for 50% of the total subscription amount, and the partnership will not be included in the company's consolidated financial statements [1] - This investment aims to deepen cooperation with the new materials and new energy industry chain, exploring opportunities for circular development while implementing a vertical integration strategy [1] Group 2: Ganfeng Lithium Industry - Ganfeng Lithium's Vice President Fu Lihua plans to reduce his holdings by no more than 40,000 shares, representing up to 0.002% of the company's total share capital [2] - The reason for the reduction is to repay a loan related to equity incentives, and the shares are sourced from the company's equity incentive grants [2] - The planned reduction is considered a routine personal financial operation, with minimal impact on the company's fundamentals and stock price [2] Group 3: Silicon Industry - The China Nonferrous Metals Industry Association Silicon Industry Branch reported that the market for polysilicon is currently weak on both supply and demand sides, with stable prices [3] - Demand is affected by weak expectations for photovoltaic installations in the fourth quarter, leading to limited increases in battery component orders [3] - Although some companies have resumed production, most have reached their order limits, resulting in only a few supply orders being executed at market prices [3]

Group 1: Tianqi Lithium Industry - Tianqi Lithium announced the establishment of a partnership with investment institutions, with a total subscription amount of 500 million yuan, where its wholly-owned subsidiary Chengdu Tianqi will contribute 250 million yuan, accounting for 50% of the total [1] - This investment aims to deepen cooperation with the new materials and new energy industry chain, providing new business expansion opportunities and aligning with the company's vertical integration strategy [1] - The establishment of the investment fund reflects the company's commitment to exploring circular development opportunities while maintaining risk control and seeking external growth [1] Group 2: Ganfeng Lithium Industry - Ganfeng Lithium's Vice President plans to reduce his holdings by no more than 40,000 shares, representing 0.002% of the company's total share capital, primarily to repay equity incentive loans [2] - The planned reduction is a routine personal financial operation and is not expected to significantly impact the company's fundamentals or stock price [2] Group 3: Silicon Industry - The silicon industry is experiencing weak supply and demand, with stable multi-crystalline silicon prices and a relatively quiet market [3] - Demand for photovoltaic installations in the fourth quarter is expected to be weak, leading to limited order increases for battery components, while silicon wafer production rates remain stable [3] - Although some companies are resuming production, most have reached their order limits, resulting in only a few supply orders being executed at market price [3]

Group 1 - Ganfeng Lithium (002460) (01772) announced that Vice President Fu Lihua has submitted a share reduction plan [1] - Fu Lihua plans to reduce his holdings by no more than 40,000 shares, which represents approximately 0.002% of the company's total share capital [1] - The reduction will take place within three months starting from 15 trading days after the announcement, specifically from November 14, 2025, to February 13, 2026 [1]

Core Viewpoint - Ganfeng Lithium (01772) announced that Vice President Fu Lihua plans to reduce his shareholding in the company by a maximum of 40,000 shares, representing 0.002% of the total share capital, within a three-month period starting from November 14, 2025, to February 13, 2026 [1] Summary by Category - **Shareholding Reduction Plan** - Fu Lihua intends to sell up to 40,000 shares through centralized bidding [1] - The planned reduction accounts for 0.002% of the company's total share capital [1] - The reduction period is set from November 14, 2025, to February 13, 2026 [1]

Core Viewpoint - Ganfeng Lithium (002460.SZ) announced that Vice President Fu Lihua plans to reduce his shareholding by no more than 40,000 shares, representing approximately 0.002% of the company's total share capital, within a three-month period starting from November 14, 2025, to February 13, 2026 [1] Summary by Category - **Company Actions** - The Vice President of Ganfeng Lithium intends to sell up to 40,000 shares through centralized bidding [1] - **Shareholding Details** - The planned reduction accounts for a maximum of 0.002% of the total share capital of the company [1]

Group 1 - The company Ganfeng Lithium (002460.SZ) announced that its Vice President, Mr. Fu Lihua, plans to reduce his shareholding by no more than 40,000 shares, which represents approximately 0.002% of the company's total share capital [1] - The planned reduction will take place within a three-month period from November 14, 2025, to February 13, 2026, through centralized bidding [1] - This announcement follows the disclosure of the plan, which will occur 15 trading days after the announcement date [1]

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。 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 承董事會命 江西贛鋒鋰業集團股份有限公司 董事長 李良彬 中國‧江西 二 零 二 五 年 十 月 二 十 二 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 ...

Core Viewpoint - Ganfeng Lithium announced that Vice President Fu Lihua plans to reduce his shareholding by a maximum of 40,000 shares, representing no more than 0.002% of the company's total share capital, to repay equity incentive loans [1] Summary by Relevant Sections - **Share Reduction Plan** - Fu Lihua intends to sell shares within a three-month period from November 14, 2025, to February 13, 2026, starting 15 trading days after the announcement [1] - **Reason for Reduction** - The reduction is aimed at repaying loans related to equity incentives, with the shares being sourced from those granted under the company's equity incentive plan [1]