Tianqi Lithium reduces share capital by cancelling repurchased shares

Tianqi Lithium Corp has completed the cancellation of 26,600 repurchased shares, representing 0.0016% of its total share capital before the cancellation. This action, finalized on October 22, 2025, resulted in a reduction of the company's total share capital from 1,641,221,583 shares to 1,641,194,983 shares. The actual repurchased amount for these cancelled shares was CNY 2,987,925.71.

The shares originated from a buyback program initiated on September 23, 2022, which saw the company repurchase 1,780,366 shares at an average price of CNY 112.33 per share, totaling CNY 199,985,000. This cancellation aligns with the company's decision to change the use of a portion of its repurchased shares from an A-share restricted stock incentive plan to capital reduction.

The company's equity structure, post-cancellation, remains compliant with listing requirements. Tianqi Lithium confirmed that the cancellation will not materially impact its financial condition, operations, or control structure. The company will proceed with necessary amendments to its articles of association and other relevant filings.