Ganfeng Lithium Industry and the people's Government of Haixi Prefecture signed a strategic framework agreement to strengthen the comprehensive development and utilization of lithium resources in salt lakes in Haixi Prefecture.

Ganfeng Lithium Industry (01772) issued a notice that the company recently signed a "Strategic Framework Agreement" with the people's Government of Haixi Prefecture in Qinghai Province (hereinafter referred to as "Haixi Prefecture people's Government"). Make use of the company's advantages in the research, development, production and sales of the whole industry chain of lithium products to strengthen the comprehensive development and utilization of lithium resources in salt lakes in Haixi Prefecture. Increase cooperation in lithium salt lake exploration and development, metal lithium and its supporting production capacity, lithium battery recovery and reuse, energy storage battery, energy storage power station, R & D center and science and technology platform, to form an industrial cluster for the exploration, development and comprehensive recycling of lithium resources in the salt lake.

The announcement said that the signing of the agreement will help the company to increase its lithium resources development capacity, further expand the production scale and market share of lithium salt, metal lithium products and battery recycling business, and ensure the company's long-term and stable development. improve the company's core competitiveness and profitability, in line with the company's development strategy. And the signing of the agreement is expected to have a positive impact on the company's financial position and operating results in the future, but has no significant impact on the current financial position and operating results.