Guocheng Mining: Controlling subsidiary signs lithium carbonate purchase and sales related-party transaction contract

Guocheng Mining announced that its controlled subsidiary Guocheng Lithium and Tianjin Guocheng, a wholly-owned subsidiary of controlling shareholder Guocheng Group, signed a lithium carbonate purchase and sales contract, agreeing that from November 2026 to October 2029, Guocheng Lithium will sell no less than 20,000 tons of battery-grade lithium carbonate to Tianjin Guocheng, of which no less than 9,000 tons will be delivered from November 2026 to October 2027. Pricing is based on the monthly average price of lithium carbonate on SMM or GFEX, with tiered discounts, and payment before delivery. This transaction constitutes a related-party transaction, has been approved by the board of directors, and still needs to be submitted to the shareholders' meeting for review. It does not constitute a major asset restructuring.