Tianqi Corporation: Subsidiary plans to increase capital and introduce Qingdao Huatie Fund.

Tianqi Corporation announced on the evening of May 16 that its wholly-owned subsidiary, Tianqi Jintaige, intends to introduce investors Qingdao Huatie Fund through capital increase and share expansion for business development needs. Qingdao Huatie Fund plans to subscribe to 2.8% equity of Tianqi Jintaige for 70 million yuan. The company waives its preferential subscription rights for this round of capital increase. The investor Qingdao Huatie Fund in this round is a special industrial investment fund under Shandong Railway Investment Holding Group Co., Ltd. The investment from Qingdao Huatie Fund into Tianqi Jintaige will leverage Shandong Railway Investment Holding Group Co., Ltd.'s industrial layout in the fields of new energy and energy storage, state-owned platform resources, and financial advantages, and the two parties will collaborate and achieve mutual benefit in the lithium battery recycling field.