Ganfeng Lithium: Received notice of transfer for prosecution involving insider trading, expected not to affect operations

Ganfeng Lithium (01772.HK) announced that it has received a notice of prosecution transfer from the Yichun Public Security Bureau, suspected of unit crime for insider trading, and the case has been transferred to the procuratorial organ for review and prosecution.

The company stated that it received the "Administrative Penalty Decision" issued by the Jiangxi Securities Regulatory Bureau last July, and the company has fulfilled its information disclosure obligations in a timely manner according to relevant regulations, paid fines and confiscated income as required, and has seriously rectified related issues. This matter is a normal judicial procedure carried out in accordance with the law based on the administrative penalty from the Jiangxi Securities Regulatory Bureau.

The company indicated that as of now, all production and operational activities are running normally and orderly. The aforementioned case is a specific historical event that the company has disclosed earlier and is expected not to affect the company's normal production and operations