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On the evening of September 6, 2023, Ganfeng Lithium (002460. SZ) announced that its wholly-owned subsidiary Ganfeng International would subscribe new shares for Mali Lithium B 5. The capital increase shall not exceed $138 million for the follow-up project construction and capital expenditure of Goulamina project. After the capital increase is completed, Ganfeng International will hold Mali Lithium B 5. 55% equity, thus indirectly holding 55% equity of Goulamina project.

This capital increase will replace the original investment plan. After the completion of this capital increase, the company will obtain Mali Lithium B 5. And incorporate it into the scope of consolidated statements. The first phase of Goulamina project with an annual output of 506000 tons of spodumene concentrate is under construction, and the first phase of the project is planned to be put into production in 2024.

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