Tianqi Lithium subsidiary invests in new materials fund

Chengdu Tianqi Lithium, a wholly-owned subsidiary of Tianqi Lithium Corp., announced an investment in Anhui Yinshan Tianqi Dual New Equity Investment Partnership (Limited Partnership). The fund, with a total subscribed capital of 500 million yuan, will see Chengdu Tianqi Lithium contribute 250 million yuan, representing 50% of the total. This investment aims to deepen cooperation across the new materials and new energy industry chains, expand business reach, and explore opportunities for vertical integration.

The partnership involves several other entities, including Anhui Yinqi Enterprise Management Co., Zhuhai Yinwan Investment Consulting Co., Anhui New Materials Industry Theme Investment Fund Partnership (Limited Partnership), and Mingguang Jiayuan Investment Co. The fund will primarily invest in new materials and new energy sectors, dedicating at least 70% of its total investment to the upstream and downstream of the new materials industry chain.

The fund's investment period is four years from the first closing date, with a total existence period of seven years, extendable by up to two additional years. Tianqi Lithium stated that this investment, funded by its own capital, will not significantly impact its financial or operational performance and is expected to provide reasonable investment returns.