BRIEF-Ganfeng Lithium, Units To Conduct Foreign Exchange Hedging Business

Reuters02-05

Feb 5 (Reuters) - Ganfeng Lithium Group Co Ltd

* SAYS IT PLANS TO INVEST UP TO 200 MILLION YUAN TO SET UP FUND WORTH 2 BILLION YUAN WITH PARTNERS

* SAYS IT AND UNITS PLANS TO USE UP TO 15 BILLION YUAN ($2.08 billion) TO CONDUCT FOREIGN EXCHANGE HEDGING BUSINESS

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($1 = 7.1978 Chinese yuan renminbi)

(Reporting by Beijing Newsroom)

((Ethan.Wang@thomsonreuters.com;))

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