Group 1 - Ganfeng Lithium (002460) has completed a placement of 40.0256 million new H-shares at a price of HKD 29.28 per share, representing 9.02% of the enlarged issued H-shares [1] - The total amount raised from the placement is approximately HKD 1.172 billion, with a net amount of about HKD 1.1685 billion after deducting commissions and estimated expenses [1] - The placement was made to no less than six independent professional or institutional investors, with no major shareholders emerging post-placement [1] Group 2 - The initial conversion price for the bonds is set at HKD 33.67 per H-share, which is subject to adjustment [2] - If the bonds are fully converted at the initial conversion price, they will convert into approximately 40.689 million H-shares, representing about 9.17% of the enlarged issued H-shares and 1.98% of the total issued shares [2] - After full conversion of the bonds, the total number of issued H-shares will increase by approximately 8.40% and the total issued share capital by about 1.94% [2]

Core Viewpoint - Ganfeng Lithium (1772.HK) plans to issue new H-shares, expecting total proceeds of approximately HKD 1.171 billion, with the placement price set at HKD 29.28 per share, representing a discount of 5.49% from the latest closing price [1] Summary by Categories - **Fundraising Details** - The total amount expected from the share placement is approximately HKD 1.171 billion [1] - The placement price is set at HKD 29.28 per share, which is a 5.49% discount compared to the latest closing price [1] - **Use of Proceeds** - The proceeds from the share placement will be used for loan repayment, capacity expansion and construction, working capital replenishment, and general corporate purposes [1]

Core Viewpoint - The company has approved a plan to issue H-shares and convertible bonds to enhance its logistics capabilities and optimize its capital structure [1][10]. Group 1: H-Share Placement - The company plans to issue up to 70,000,000 H-shares, representing a maximum of 10% of the total shares issued as of June 13, 2025 [3][10]. - The shares will be offered to qualified investors independent of the company and its affiliates, with the pricing determined based on market conditions [3][5]. - The net proceeds from the H-share placement will be used to strengthen international logistics capabilities, develop advanced technologies, and optimize the company's capital structure [7][10]. Group 2: Convertible Bond Issuance - The company intends to issue up to HKD 2.95 billion in convertible bonds through its wholly-owned subsidiary, SF Holding Investment 2023 Limited [11][12]. - The bonds will be zero-coupon, with a maturity date of July 8, 2026, and will be convertible into H-shares [14][15]. - The proceeds from the bond issuance will also be allocated to enhancing logistics capabilities and optimizing the capital structure [16][22]. Group 3: Authorization Matters - The board has authorized the company's vice president and financial officer to handle all matters related to the H-share placement and convertible bond issuance [5][17]. - The authorization includes obtaining necessary approvals from regulatory bodies and finalizing agreements related to the offerings [6][18]. - The validity of the board's resolutions is set for three months for the H-share placement and twelve months for other authorization matters [9][22].