Catalyst: Ganfeng deal revealed, page-11

Proposal for the Subscription of Partial Equity of Pilbara in Australia
The Company and all the members of the Board of Directors warrant that the contents of the announcement are true, accurate and complete,
There are no false records, misleading statements or material omissions.
May 4, 2017, Jiangxi Ganfeng Lithium Industry Co., Ltd. (hereinafter referred to as "the company")
Received a wholly owned subsidiary GFL International Co., Limitied (hereinafter referred to as "Ganfeng International"
Of the notice, Gan Feng International has been with Australia Pilbara Minerals Limited (hereinafter Jane
Called "Pilbara") signed the "equity subscription agreement" and "spodumene concentrate underwriting agreement"
Ganfeng International will invest $ 20 million in its own funds to participate in Pilbara's private placement,
Line price has not yet been determined at the same time, the company has a reference to the market price underwriting Pilgangoora lithium
Mine part of the spodum concentrate concentrate underwriting rights. The first phase of the project put into operation, will be an annual public
Division to provide 160,000 tons of grade 6% of the lithium concentrate, for a period of ten years; the second phase of the project put into operation,
The company will provide lithium concentrate 75,000 tons / year; if the company to participate in the Pilbara
Subsequent directional issuance, after the second phase of the project put into operation, the company will provide lithium concentrate to
Half of the output of about half a million tons.
The Company will carry out the corresponding procedures and information disclosure according to the follow-up progress of related matters
Business. Investors should be rational investment, pay attention to investment risk.
Special announcement.
Jiangxi Ganfeng Lithium Industry Co., Ltd
Board of Directors