Tianqi Lithium Corporation (09696) plans to issue 65.05 million new H shares and HK$2.6 billion in bonds, with net proceeds exceeding HK$5.8 billion. Trading will resume on February 5th.

Tianqi Lithium Corporation (09696) announced that on February 4, 2026, the company entered into a revised and reissued placement agreement with the placement agent. According to this agreement, the original placement agreement entered into before the trading session on February 4, 2026 was revised and reissued. The company will issue 65.05 million new H shares through the placement agent at a placement price of HK$45.05 per share, representing a discount of approximately 9.0% from the closing price of HK$49.50 per H share reported by the Hong Kong Stock Exchange on February 3, 2026 (the last trading day). On the same day, the company and the underwriter entered into a revised and reissued subscription agreement. According to this agreement, the original subscription agreement was revised and reissued. Subject to the terms and conditions set forth in the revised and reissued subscription agreement, the underwriter agreed to subscribe and pay, or cause the subscriber to subscribe and pay, for zero coupon convertible bonds in the aggregate principal amount of RMB 2.6 billion, with an initial conversion price of HK$51.85 per H share (adjustable), representing a premium of approximately 4.7% from the closing price of HK$49.50 per H share reported by the Hong Kong Stock Exchange on February 3, 2026. Assuming all placement shares are fully placed, the net proceeds from the placement amount to approximately HK$292.4 million, and the net proceeds from the bonds amount to approximately HK$290.66 million. The company intends to use the net proceeds from the placement and bond issuance to support the strategic development of the company and its subsidiaries in the lithium sector, including but not limited to capital expenditures required for project development and optimization, as well as acquisitions of high-quality lithium mineral assets. The remaining portion will be used to supplement the company's working capital and for general corporate purposes. Furthermore, the company has applied to the Hong Kong Stock Exchange for approval to resume trading of its H shares from 9:00 am on February 5, 2026.