Tianqi Lithium plans to repurchase the company's shares, which contributes no more than 100 million US dollars to participate in the IPO of China Innovation Harbor Stocks

Tianqi Lithium intends to use its own funds to repurchase some RMB ordinary shares (A shares) shares issued by the company with a centralized bidding transaction. 100 million yuan (including).

On September 22, 2022, Tianqi Lithium Industry (002466.SZ/09696.HK) announced that the company intends to use its own funds to repurchase some RMB ordinary shares (A shares) shares issued by the company in a centralized bidding transaction. The price of this repurchase shares does not exceed RMB 150/share (inclusive). The upper limit does not exceed the company's board of directors to review and pass the company's stock transaction average of 150%of the company's stock transaction on the first 30 trading days. The total amount of the repurchase funds is not less than RMB 136 million (inclusive) and no more than RMB 200 million (inclusive).

Under the condition that the price of this repurchase shares does not exceed 150 yuan/share (including), according to the lower limit of the total amount of the repurchase funds, the total number of shares can be repurchased will be 906,700 shares, accounting for about 0.06% of the company's current total share capital. ; According to the upper limit of the total amount of the repurchase funds, the total number of shares can be repurchased is 1.333 million shares, accounting for about 0.08%of the company's current total share capital.

The implementation period of this repurchase shares is within 12 months from the company's board of directors to review and approve the repurchase plan.

The company said that repurchase shares will be used for employee shareholding plans to improve the company's long -term incentive mechanism.

On the same day, the company announced that the company's wholly -owned subsidiary Tianqi Lithium Hong Kong intends to use its own funds of not more than 100 million US dollars, equivalent to about 695 million yuan, as the cornerstone investors participating in subscription China Innovation Airlines Technology Co., Ltd. (referred to as shorts "China Innovation Airlines") first publicly issued shares in the Stock Exchange. On September 21, 2022, with China Innovation Airlines, Huatai Financial Holdings (Hong Kong) Co., Ltd. ("Huatai Financial Control") and other contractors signed the "Cornerstone Investment Agreement" with other contractors.

It is worth mentioning that China Innovation Airlines is one of the company's important industrial chain strategic partners. At the same time, China Innovation Airlines invested about 50 million US dollars as the cornerstone investor to participate in the company's first publicly issued foreign listed foreign stocks (H shares).

Tianqi Lithium said that participating in the issuance of China Innovation Hong Kong stocks will help maintain and consolidate the strategic cooperation between the company and the other party, deepen the mutual trust and benefit between the two parties, and give play to the competitive advantage of both parties in terms of resource integration, technical support, business collaboration, etc. , Further promote the cooperation between the two parties in the field of battery materials.

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