On September 7, Jiangxi Ganfeng Lithium Group Co., Ltd. announced that it agreed to purchase new shares for Mali Lithium B.V by Ganfeng International Co., LTD. (hereinafter referred to as "Ganfeng International"), a wholly-owned subsidiary of the company. The capital increase will not exceed US $138 million (about 993 million yuan) for the subsequent project construction and capital expenditures of the Goulamina project. After the completion of the capital increase, Ganfeng International will hold 55% of Mali Lithium B.V. (Mali Lithium), thus indirectly holding 55% of the Goulamina Project. The capital increase will replace the original investment plan. Upon completion of this capital increase, the Company will acquire Mali Lithium B.V. Control, and bring it into the scope of the consolidated statements.
Previously, the 61st meeting of the fifth session of the Board of Directors of Ganfeng Lithium held on May 26, 2023 deliberated and passed the "Proposal on the Company or the Company's subsidiary to subscribe to Australia Leo Lithium Limited (hereinafter referred to as" Leo Lithium ") company's subscription shares involving investment in mining rights ". It is agreed that the Company or its subsidiaries will subscribe for up to 9.9% of the total share capital issued by Leo Lithium Australia at A price of AUD 0.81 per share for a total transaction value of AUD 106.11 million (hereinafter referred to as the "Original Investment Proposal").
The Cooperation Agreement with Leo Lithium Limited for the Goulamina Project (the "Cooperation Agreement") will replace the original equity subscription investment plan signed with Leo Lithium in May 2023.
Mali Lithium B.V. is jointly funded by Leo Lithium and Ganfeng International, registered in the Netherlands, RSIN:863017149, registered at Amstelveenseweg 760,1081 JK Amsterdam, registered in March 2022. The registered capital is $1,000. The main business is mineral resources investment and trade.
