Ganfeng Lithium's subsidiary company Baiyang Green Storage is a wholly-owned subsidiary.

According to the Qichacha APP, recently, Ningxia Baiyang Green Storage Comprehensive Energy Service Co., Ltd. has undergone a business change. The original shareholder, Junhe Dongfang New Energy Co., Ltd., has withdrawn, and Guanfeng Lithium Industry's subsidiary, Shenzhen Yichu Energy Technology Co., Ltd., has been added as a wholly-owned shareholder. Qichacha information shows that the company was established in 2023 with a registered capital of 10 million yuan. Its business scope includes: solar power generation technical services; wind power generation technical services; power generation technical services; energy storage technical services, etc.