Tianqi Lithium: Jintaige plans capital increase, company's shareholding to drop to 86.54%

Tianqi Co., Ltd. announced that it plans to introduce Xinxingqi, Ningbo Xinda, and Shenzhen Tianyi to its wholly-owned subsidiary Jiangxi Tianqi Jintaige Cobalt Industry Co., Ltd. by way of capital increase and share expansion. The three parties will subscribe RMB 100 million, RMB 100 million, and RMB 10 million respectively, and the company will waive its preemptive subscription right. After the capital increase is completed, the company's shareholding ratio will decrease from 100% to 86.54%, and Tianqi Jintaige will remain a subsidiary within the scope of the company's consolidated financial statements. This transaction has been approved by the board of directors.