Tianqi Lithium to cancel shares, reduce registered capital

Tianqi Lithium Corp. (SZSE:002466) held its 6th Board of Directors 25th meeting and 6th Supervisory Board 15th meeting on August 29, 2025, approving a change in use of repurchased shares from an A-share restricted stock incentive plan to cancellation to reduce registered capital. This decision impacts 26,600 repurchased A-shares, changing the total share capital from 1,641,221,583 shares to 1,641,194,983 shares. The company confirmed this will not affect its financial position, operations, or listing status.

This change comes after the initial buyback of 178,036,600 A-shares in 2022 and subsequent re-designation of 467,966 shares for a restricted stock incentive plan in October 2024. The 2024 A-share restricted stock incentive plan had its first grant registration on April 3, 2025, with 441,366 shares granted to 24 individuals, leaving 26,600 shares remaining in the buyback account.

The proposed cancellation, which aims to preserve company value and shareholder equity, will be submitted for approval at the 2025 second extraordinary general meeting on September 22, 2025. This resolution ensures the company maintains compliance with relevant regulations and will not adversely impact control or market standing.