TIANQI LITHIUM HAS PUBLISHED ITS 2023 ANNUAL REPORT COVERING THE FISCAL YEAR ENDED DECEMBER 31, 2023. The report showed that the company's revenue reached RMB40,448,303 thousand, a slight increase over the previous year; gross profit was RMB34,347,819 thousand, which also increased slightly. However, net profit attributable to shareholders fell to RMB7,278,343 thousand and earnings per share were RMB4.44, down significantly from last year. The Company announced that it intends to issue a cash dividend of RMB13.5 per 10 shares (tax included). As a new energy materials company, Tianqi Lithium Company focuses on lithium business, covering from hard rock lithium mining resource development to lithium ore sales, as well as the production and sale of lithium chemical products. THE COMPANY STRATEGICALLY EXPANDS GLOBAL LITHIUM RESOURCES AND PROCESSING CAPABILITIES TO...Show More

TIANQI LITHIUM HAS PUBLISHED ITS 2023 ANNUAL REPORT COVERING THE FISCAL YEAR ENDED DECEMBER 31, 2023. The report showed that the company's revenue reached RMB40,448,303 thousand, a slight increase over the previous year; gross profit was RMB34,347,819 thousand, which also increased slightly. However, net profit attributable to shareholders fell to RMB7,278,343 thousand and earnings per share were RMB4.44, down significantly from last year. The Company announced that it intends to issue a cash dividend of RMB13.5 per 10 shares (tax included). As a new energy materials company, Tianqi Lithium Company focuses on lithium business, covering from hard rock lithium mining resource development to lithium ore sales, as well as the production and sale of lithium chemical products. THE COMPANY STRATEGICALLY EXPANDS GLOBAL LITHIUM RESOURCES AND PROCESSING CAPABILITIES TO STRENGTHEN CORE BUSINESS AND RESOURCE ADVANTAGES. In terms of governance, the company maintains high standards of corporate governance, complying with laws and regulations. In terms of risk management, the company addresses risks related to lithium price volatility, capacity enhancement, geopolitical factors, safety and environmental protection, foreign exchange volatility and legal disputes. In addition, the company is committed to sustainability, integrating ESG considerations into operations and management. In terms of investments, the company strategically invests in the field of new energy vehicles and participates in the A-share financing of Smart Mobile Private Limited (SM). THE IMPLEMENTATION OF THE EMPLOYEE EQUITY SCHEME (ESOP) IS DESIGNED TO MOTIVATE AND RETAIN KEY TALENT, WITH A 36-MONTH LOCKDOWN PERIOD. In legal proceedings, the company is involved in significant legal disputes and arbitrations that are ongoing and may have financial implications. In terms of auditing, the firm has appointed both the PRC and the PRC as domestic and international auditors respectively. According to the HKEX, at least 25% of the company's H shares are held by the public and meet the minimum disclosure requirements.