Movement Alert｜GANFENGLITHIUM Falls 3.12% in Regular Trading, Chairman Proposes Up to 400 Million Yuan A-Share Buyback

Market Focus11-09

On November 9, GANFENGLITHIUM fell 3.12% in Regular Trading, trading at HK$24.26, with turnover of HK$150 million.

The main disclosed catalyst was a proposal by the company’s actual controller and chairman, Li Liangbin, to buy back A shares worth no less than 200 million yuan and no more than 400 million yuan, aimed at safeguarding shareholder interests and the company’s value.

The proposal said the repurchase would be carried out through centralized bidding on the Shenzhen Stock Exchange, with the price cap set at no more than 150% of the average trading price over the 30 trading days before the board reviews the plan. The final plan still requires board approval, and the company said the matter remains uncertain. Recent context also shows changes in major H-share holdings by institutions and prior share pledge releases by the chairman, but the buyback proposal is the most recent company-specific event disclosed around this move.

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