Tianqi Lithium Corporation (09696) plans to sell no more than 1.25% of its equity in SQM.

Tianqi Lithium Corporation (09696) announced that on February 3, 2026, the board of directors approved the proposal to dispose of part of the equity interests in some associated companies. The company plans to dispose of a total of no more than 3.566 million shares of SQM Class A shares (not exceeding 1.25% of the total number of SQM shares), and the sale of shares shall not trigger the need for shareholder approval as per the listing rules and the Shenzhen Stock Exchange Stock Listing Rules. The company has already disposed of 748,500 shares of SQM Class B shares through its wholly-owned subsidiary Tianqi Lithium Corporation Hong Kong, representing 0.29% of the total SQM shares, since December 26, 2025. As of the date of this announcement, the company holds 62.5566 million shares of SQM Class A shares through its wholly-owned subsidiary Inversiones TLC SpA (Tianqi Chile), accounting for 21.90% of its total shares; the company no longer holds SQM Class B shares. The company's proposed disposal of equity interests in some associated companies will help to further optimize the company's existing assets, enhance the flexibility of its asset structure, and improve the overall asset liquidity and fund utilization efficiency. This will provide more space for the company's future operations and resource allocation, and is of positive significance for the company's financial condition and prudent operation.