Hong Kong Exchanges and Clearing : PAYMENT OF THE FINAL DIVIDENDS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1772)

PAYMENT OF THE FINAL DIVIDENDS

Reference is made to the circular (the "AGM Circular") of Ganfeng Lithium Co., Ltd. (the "Company") dated 24 April 2019 in relation to, among others, the distribution of the 2018 final dividend and the announcement of the Company dated 11 June 2019 in relation to the poll results of the 2018 annual general meeting of the Company (the "AGM") (the "Poll Results Announcement"). The Company's shareholders approved the profit distribution proposal for the year of 2018 at the AGM.

The Company will pay a final dividend of RMB3.00 for every ten shares (tax inclusive) (equivalent to HK$3.41411 for every ten shares (tax inclusive)) for the year ended 31 December 2018 (the "2018 Final Dividends"). For H shares, as set out in the Poll Results Announcement, the 2018 Final Dividends will be paid to holders of H shares of the Company whose names appear on the register of members of the Company on Sunday, 23 June 2019.

PAYMENT OF THE FINAL DIVIDENDS

The board of directors of the Company (the "Board") wishes to inform the shareholders of the Company that details of the payment of the 2018 Final Dividends are as follows:

• 1. Holders of H shares of the Company (excluding mainland investors who invest in the H shares of the Company via the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect)

  Dividends payable to the holders of H shares of the Company (excluding mainland investors who invest in the H shares of the Company via the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect) shall be paid in Hong Kong dollars. The amount to be actually paid in Hong Kong dollars shall be calculated based on the average benchmark exchange rate between RMB and HKD (i.e. RMB0.878706 = HK$1.00) as released by the People's Bank of China for five working days prior to the date of the 2018 AGM, with the cash dividends of HK$3.41411 for every 10 H Shares (tax inclusive).

  The Company has appointed CCB (Asia) Trustee Company Limited as the receiving agent in Hong Kong (the "Receiving Agent") and will pay to such Receiving Agent the 2018 Final Dividends declared for payment to holders of H shares of the Company (excluding mainland investors who invest in the H shares of the Company via the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect). The Receiving Agent will pay the 2018 Final Dividends on 9 August 2019. Relevant cheques will be dispatched to holders of H shares of the Company (excluding mainland investors who invest in the H shares of the Company via the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect) entitled to receive such dividends by ordinary post at their own

• risk of postal errors on 9 August 2019.

• 2. Mainland investors investing in the H shares of the Company via the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect

  Dividends payable to mainland investors who invest in the H shares of the Company via the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect will be paid in Renminbi by China Securities Depository and Clearing Corporation Limited (the "CSDC") as entrusted by the Company on 9 August 2019 for distribution.

TAXATION ON THE FINAL DIVIDENDS

Non-resident enterprise shareholders

In accordance with the "Enterprise Income Tax Law of the People's Republic of China" ( ʕശɛ͏΍ձ਷Άุה੻೼ج' ) and the "Rules for the Implementation of the Enterprise Income Tax Law of the People's Republic of China" ( ʕശɛ͏΍ձ਷ Άุה੻೼جྼ݄ૢԷ' ), both implemented on 1 January 2008 and the "Notice of the State Administration of Taxation on Issues Relevant to the Withholding of Enterprise Income Tax on Dividends Paid by PRC Enterprises to Offshore Non-resident Enterprise Holders of H Shares" (Guo Shui Han [2008] No. 897) ( ᗫ׵ʕ਷֢͏

ΆุΣྤ̮ H ٰڢ֢͏Άٰุ؇ݼ೯ٰࢹ˾ϔ˾ᖮΆุה੻೼Ϟᗫਪ ᕚٙஷٝ' ( ਷೼Ռ [2008]897 ໮ )) promulgated on 6 November 2008, the Company is obliged to withhold and pay PRC enterprise income tax on behalf of non-resident enterprise shareholders at a tax rate of 10% from 2008 onwards when the Company distributes any dividends to non-resident enterprise shareholders whose names appear on the register of members of H shares of the Company. As such, any H shares of the Company which are not registered in the name(s) of individual shareholder(s) (which, for this purpose, includes shares registered in the name of HKSCC Nominees Limited, other nominees, trustees, or other organisations or groups) shall be deemed to be H shares held by non-resident enterprise shareholder(s), and the PRC enterprise income tax shall be withheld from any dividends payable thereon. Non-resident enterprise shareholders may wish to apply for a tax refund (if any) in accordance with the relevant requirements, such as tax agreements (arrangements), upon receipt of any dividends.

Non-resident individual shareholders

In accordance with the "Circular on Certain Issues Concerning the Policies of Individual Income Tax" (Cai Shui Zi [1994] No. 020) ( ᗫ׵ࡈɛה੻೼߰ʍ݁ ഄਪᕚٙஷٝ' ( ৌ೼ο [1994]020 ໮ )) promulgated by the Ministry of Finance and the State Administration of Taxation on 13 May 1994, overseas individuals are, as an interim measure, exempted from the PRC individual income tax for dividends or bonuses received from foreign-invested enterprises. As the Company is a foreign invested enterprise, the Company will not withhold and pay the individual income tax on behalf of individual shareholders when the Company distributes the 2018 Final Dividends to individual shareholders whose names appear on the register of members of H shares of the Company.

Investors who invest in the H shares of the Company via the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect

Pursuant to the "Circular on Tax Policies Concerning the Pilot Programme of the Shanghai and Hong Kong Stock Market Trading Interconnection Mechanism" (Cai

Shui [2014] No. 81)( ᗫ׵လಥٰୃ̹ఙʹ׸ʝᑌʝஷዚՓ༊ᓃϞᗫ೼ϗ ݁ഄٙஷٝ' ( ৌ೼ [2014]81 ໮ )) promulgated on 31 October 2014 and the "Circular on Tax Policies Concerning the Pilot Programme of the Shenzhen and Hong Kong Stock Market Trading Interconnection Mechanism" (Cai Shui [2016] No. 127)( ᗫ׵ ଉಥٰୃ̹ఙʹ׸ʝᑌʝஷዚՓ༊ᓃϞᗫ೼ϗ݁ഄٙஷٝ' ( ৌ೼ [2016]127 ໮ )) promulgated on 5 November 2016:

• • For mainland individual investors who invest in the H shares of the Company via the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect, the Company will withhold individual income tax at the rate of 20% in the distribution of the 2018 Final Dividends. Where individual investors have already paid foreign withholding taxes for such income, investors may apply to the competent tax authorities of CSDC for tax credit with valid tax withholding certificates. For mainland securities investment funds that invest in the H shares of the Company via the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect, the Company will withhold individual income tax in the distribution of the 2018 Final Dividends pursuant to the foregoing provisions; and

• • For mainland corporate investors that invest in the H shares of the Company via the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect, the Company will not withhold the income tax in the distribution of the 2018 Final Dividends and the mainland corporate investors shall file the tax returns on their own.

Shareholders are recommended to consult their tax advisors for the tax effects in Mainland China, Hong Kong and other countries (regions) regarding the ownership and disposal of H shares of the Company.

By order of the Board

GANFENG LITHIUM CO., LTD.

LI Liangbin

Chairman

Jiangxi, PRC

August 2, 2019

As at the date of this announcement, the Board comprises Mr. LI Liangbin, Mr. WANG Xiaoshen, Mr. SHEN Haibo, Ms. DENG Zhaonan and Mr. XU Xiaoxiong as executive directors of the Company; Mr. HUANG Daifang as non-executive director of the Company; and Mr. GUO Huaping, Mr. HUANG Huasheng, Mr. LIU Jun and Ms. WONG Sze Wing as independent non-executive directors of the Company.