Tianqi Lithium Corporation

Tianqi Lithium Corporation is a new energy material enterprise that focuses on lithium production and is listed on both the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. The company is committed to its long-term strategy of consolidating its upstream industrial advantages, enhancing midstream business development, and expanding into downstream sectors. Tianqi Lithium aims to be a globally influential player in energy transformation, providing sustainable and high-quality lithium solutions for clean energy development. The company's primary business encompasses various stages of the lithium industry chain, including the development of hard rock lithium mineral resources, the concentration and sale of lithium concentrates, and the production of lithium chemical products. Tianqi Lithium operates strategically located resources in China, Australia, and Chile, with a diverse product portfolio that includes lithium carbonate, lithium hydroxide, and lithium metal. The company has established long-term partnerships with major players in the electric vehicle, battery material, and electronics industries, ensuring a stable customer base and a pivotal position within the global lithium supply chain.

1. Upstream lithium resources:The Company strategically deployed on the high quality hard rock and salt lake lithium resources. The Greenbushes spodumene mine controlled by the Company is the largest spodumene project under production with the highest grade in the world at present, which currently has an established capacity of lithium concentrates of 1.62 million tons/year; the Yajiang Cuola Spodumene Mine in Sichuan controlled by the Company is part of the largest hard rock Jiajika lithium mine in Asia; the Atacama salt lake operated by SQM, the Company’s investee, is a lithium salt lake project with the largest reserves in the world; in addition, the Company has a stake in the Zabuye salt lake in Shigatse, Tibet, which is the third largest lithium salt lake in the world and the largest lithium salt lake in Asia. The lithium concentration in the brine of Zabuye salt lake in Tibet is second only to the Atacama salt lake, ranking the second in the world in terms of lithium grade. With a high-quality and multi-dimensional lithium resources portfolio, the Company has currently achieved 100% self-sufficiency in lithium resources. 2. Production capacity of lithium chemical products:The Company has focused on the processing sector of lithium chemical products for many years, with product lines covering battery-grade and industrial-grade lithium carbonate, battery-grade and industrial-grade lithium hydroxide, lithium chloride and lithium metal, which are widely applied across multiple end markets, mainly including new energy vehicles, electric vessels, energy storage systems, aircraft, ceramics and glass, etc. The Company has explored in the processing sector of lithium chemical products for years, operating processing plants in both China and Australia.The lithium chemical products produced by the Company are sold globally. Through long-term collaboration with downstream manufacturers, the Company has gradually established strategic partnerships with major battery material producers, multinational battery companies, new energy vehicle manufacturers, glass and ceramic manufacturers around the world to offer customized services and form a mutually beneficial business ecosystem.The Company has currently established a production capacity for lithium chemical products of approximately 121,600 tons per year. Combined with the announced planned capacity, the total is expected to reach 122,600 tons per year. 3. Cost control and vertically integrated operation model: The Company adopts a vertically integrated operation model, where the supply of high-quality raw materials serves as the prerequisite for the Company’s sustainable development. The Company has realized 100% self-sufficiency in lithium resources. The Greenbushes Spodumene Mine and the Yajiang Cuola Spodumene Mine are dual resource guarantees for the Company both domestically and internationally.During this period, its production capacity has continuously expanded, and its production management capabilities have progressively matured. Leveraging its high ore grade advantage and the mature, stable expertise of its project management team, the project has consistently maintained a cost advantage in lithium product processing among global hard-rock lithium mines. The Company transports low-cost Greenbushes lithium concentrates to domestic and overseas lithium compound production bases for further processing into lithium products and then for sale. Thanks to the advantages of vertical integration, as well as the Company’s mature and stable production and operation experience in lithium concentrates and lithium chemical products, the Company has achieved relatively low integrated production and processing costs of lithium chemical products. 4. R&D and innovation: R&D and innovation capabilities are the core pillars of the Company’s development, and a solid guarantee for sustaining sound business growth. Guided by the industry technology trends and closely aligned with market demand, the Group attaches great importance to the transformation and application of scientific research achievements, and actively addresses major technical challenges. The Company is committed to promoting the efficient development and comprehensive utilization of global lithium resources and the development of key materials for next-generation lithium batteries through continuous scientific and technological innovation. These efforts contribute to achieving green and sustainable mining and breakthroughs in advanced materials technologies. Leveraging its advantages in technological innovation and resource integration, the Company engages in in-depth collaboration with multiple partners to jointly promote the green and sustainable development of the industry. 5. Advanced Process Technology:As a leader in the lithium salt sector and a key player in the upstream lithium value chain, the company is dedicated to delivering high-quality products that meet the stringent demands of downstream markets. Leveraging its abundant resources and cutting-edge technology, the company has earned an outstanding reputation in the industry, gaining consistent recognition and long-term trust from global clients. 6. Customer resources and customer relationships:The company has over 30 years of history in the lithium industry. With high-quality products, an excellent reputation, and extensive sales coverage, the company has established long-term relationships with many leading global end-users of lithium. The company maintains a stable portfolio of premium customers, primarily including global power battery manufacturers, battery material producers, new energy vehicle companies, multinational electronics corporations, and glass manufacturers—most of which are leading enterprises in their respective industry segments. As the company's production capacity continues to expand and the industry develops rapidly, it has initiated an integrated upstream-downstream collaboration model across the industrial chain. 7. Leadership and management team:The company possesses a leadership and management team with global vision, extensive industry experience, diverse professional backgrounds, and forward-thinking insight. They maintain sharp and profound understanding of the lithium battery industry's development. Leveraging their respective professional expertise, the leadership team closely monitors the company's operational status, industry trends, and market demands. This enables them to formulate timely and targeted development strategies tailored to the company's actual needs. 8. Capital market and sustainable development:The Board consists of eight Directors, with independent non-executive Directors accounting for 50% of the Board and female members also representing 50%.In terms of professional and industry expertise, Board members possess extensive experience in one or more areas, including the lithium industry, corporate governance, finance/accounting, risk management, ESG and strategic planning. In terms of sustainable development, the Company linked the senior management's remuneration performance with ESG indicators,currently employing 67 quantitative and qualitative indicators.In addition,the Company’s A Shares have been included in SZSE 100 Index,SZSE Component Index,CSI A100 Index, CSI 300 Index and MSCI China Index. 9．Digital system: Under the strategic guidance and overall planning of the Digitalization Strategy Committee,the Company is committed to advancing digital transformation with a core focus on lean management and value chain synergy.The Company built a series of digital applications based on an industrial Internet platform. This framework has enabled the accumulation of vast amounts of data on manufacturing and industrial operations, and facilitated the application of big data and artificial intelligence in scenarios such as equipment operation and maintenance, process optimization, and business forecasting.