Welcome to Ganfeng Lithium Co.,Ltd.!(A share code: 002460 | H share code: 01772)
Company Governance

Ganfeng Lithium strictly abides by the Company Law of the People's Republic of China, Securities Law of the People's Republic of China, Guidelines for Governance of Listed Companies and other relevant laws and regulations. The Company has formulated and improved a number of systems and regulations including the Articles of Association, Management Measures for Fundraising, Rules of Procedure of the Shareholders' Meeting, Rules of Procedures of the Board of Directors, Rules of Procedures of the Board of Supervisors, Rules of Work for Independent Directors, Outbound Investment Management System, External Guarantee System, Information Disclosure Management System, etc. We have continuously improved the construction of the shareholders' meeting, the Board of Directors and the Board of Supervisors to lay a solid foundation for the standardized operation and long-term sustainable development of Ganfeng Lithium. In 2021, the Company has formulated the Management System for Outward Donation and Sponsorship, the Management Regulations for Anti-bribery, Anti-Corruption, Anti-fraud and Reporting, the Management Regulations for Anti-Money Laundering and Anti-Terrorist Financing, and the Risk Management System according to the regulatory authorities' latest instructions and the Company's actual situation. We continuously improve our effective corporate governance structure and enhance corporate governance to protect shareholders' and investors' interests to the greatest extent.

Message from the Chairman

2021 was a year of both challenges and opportunities. The lithium industry saw significant transformations this year. We, as always, seized the opportunities for development and stayed true to our vision "to created unlimited value by utilizing limited resources". We advanced our management level, global presence, technological innovation, and sustainability, and made remarkable achievements in every aspect.

A new year means a new style, a new pattern, and a new way of thinking about development. We must remain modest, realistic, and practical in our efforts to establish a new benchmark in the lithium industry. We must insist on innovation and transformation in development, strive to create a lithium ecosystem in the international sector, and promote the global transition to a green, low-carbon, and circular economy.


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Improving Corporate Governance

Ganfeng Lithium attaches great importance to the protection of shareholders' rights and interests, and actively maintains close communication with shareholders. We convene a general meeting of shareholders as required every year, treat all shareholders equally, use online voting and separately count the votes of small and medium shareholders to maximize their participation in the Company's decision-making and protect the interests of investors. In the face of shareholders' inquiries, we give explanations in a timely manner, carefully listen to their opinions and suggestions, and ensure the right to know and the right to speak of small and medium shareholders. The members of the Board of Directors and the Board of Supervisors carefully review each proposal and perform their duties diligently.
In 2021, the Company held a total of six shareholders‘ meetings, 21 meetings of the Board of Directors, 15 meetings of the Board of Supervisors, seven meetings of the Strategy committee, four meetings of the Audit Committee, three meeting of the Remuneration Committee and one meeting of the Sustainable Development Committee. The members of the Board of Directors and the Board of Supervisors carefully review each proposal and perform their duties diligently.
In 2021, the Company published 293 announcements on the Shenzhen Stock Exchange and 147 overseas regulatory announcements on HKEX, some of which were in both Chinese and English. In the same year, the Company published six announcements on HKEX in both Chinese and English for notifiable and connected transactions. In our daily work, we always pay great attention to transactional compliance and disclose all matters regarding connected transactions within the Company according to applicable laws and regulations.
In 2021, the Company engaged in active online and offline communication with investors, answering their questions, and recording the questions and responses for their future reference.

Reinforcing risk management and control

In order to prepare for the rapidly changing lithium industry in 2021, the Company focused on risk management and conducted detailed risk assessments using the IATF 16949 management system and the Company's risk management system. The Company hosted a risk assessment kick-off meeting that year to thoroughly discuss the risk assessment process and methods. Risk assessment groups were formed at the headquarters, which were coordinated by the Strategic Investment Department to undertake risk assessments in order to identify current and potential risks to the Company. The assessment results were submitted to the Company's risk assessment team for review. To minimize the Company's risk level and thoroughly develop its risk management and control capabilities, the review team proposed solutions for these risks and implemented risk responses.

Anti-Corruption and Pro-Integrity

In 2021, Ganfeng Lithium launched a targeted and all-out anti-corruption campaign. Ganfeng Lithium adopted a "zerotolerance" approach to corruption by introducing the Management Regulations for Anti-bribery, Anti-Corruption, Anti-fraud and Reporting, the Administrative Measures for Bidding, Negotiated Tendering and Contract Review, the Management Regulations for Anti-Money Laundering and Anti-Terrorist Financing, and the Management Regulations for Employee Integrity and Self-discipline. It was a decisive anti-corruption battle. We kept to the strategy of anti-corruption starting from the inside in 2021. We developed channels for internal complaints and reporting based on earlier anticorruption achievements, drew more attention and worries, raised the exposure of the issues, and collected anticorruption data on a continual basis. For the first time, we pushed the anti-corruption cause outward by sending/pushing A Letter to Ganfeng Lithium's Good Partners to our suppliers, contractors, and other partners, creating a new model of anti-corruption that features cooperation and joint effects with external suppliers. The Audit Department handled a variety of complaints and reports efficiently, as well as investigated and penalized infractions thanks to these thorough internal and external methods. One by one, issues were solved, and Ganfeng Lithium's better ecology was built.

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