Tianqi Lithium plans to raise a net amount of approximately 5.829 billion Hong Kong dollars, which will be used for acquisitions of high-quality lithium mine assets and other purposes.

Tianqi Lithium announced on the morning of February 4th on the Hong Kong Stock Exchange that the company and the placing agent entered into a placing agreement on February 3, 2026. The placed shares will be issued and distributed in accordance with the general authorization. The total amount of the placed shares in this placement is RMB 65.05 million; and it is planned to issue bonds concurrently under the general authorization, with the total principal amount of bonds to be issued being RMB 2.6 billion, and the initial conversion price per H share being HKD 49.56. Assuming all placed shares are fully allocated and pending completion of the bond issuance, the total proceeds from the placement and bonds are expected to be approximately HKD 58.607 billion, with a net amount of approximately HKD 58.289 billion. The company plans to use the net proceeds from the placement and bonds to support the strategic development of the company and its subsidiaries in the lithium sector, including but not limited to capital expenditures required for project development and optimization, as well as acquisition of high-quality lithium mining assets. The remaining amount will be used to supplement the company's working capital and for general corporate purposes.