Li Liangbin, one of the actual controllers of Ganfeng Lithium Industry, made a "Supplementary commitment letter on avoiding potential Inter-Industry Competition" on the acquisition of shares in Mengjin Mining Industry.
[Li Liangbin, one of the actual controllers of Ganfeng Lithium Industry, made a "Supplementary commitment letter on avoiding potential Inter-Industry Competition" on the acquisition of shares in Mengjin Mining Co., Ltd.] Ganfeng Liangbin (01772) issued an announcement. Mr. Li Liangbin, one of the actual controllers of the company, intends to use his own funds to acquire a 70% stake in Xianghuangqi Mengjin Mining Development Co., Ltd. (Mengjin Mining). In view of the fact that Mengjin Mining is engaged in lithium mining and mineral products processing and sales, after the completion of this acquisition, Li Liangbin will form a potential industry competition with Ganfeng Lithium Industry.