Securities Code: 300390 Securities Abbreviation: Tianhua New Energy Announcement Number: 2026-038
Suzhou Tianhua New Energy Science & Technology Co., Ltd. Announcement on the Signing of a Capital Increase and Cooperation Agreement by a Subsidiary and External Investment
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and there is no false record, misleading statement, or major omission.
Suzhou Tianhua New Energy Science & Technology Co., Ltd. (hereinafter referred to as the "Company") held the fifth meeting of the seventh session of the Board of Directors on June 22, 2026, and reviewed and approved the "Proposal on the Signing of a Capital Increase and Cooperation Agreement by a Subsidiary and External Investment." The Company agreed that its subsidiary, Yichun Shengyuan Lithium Industry Co., Ltd. (hereinafter referred to as "Shengyuan Lithium"), will sign a "Capital Increase and Cooperation Agreement" with Yifeng County Huaqiao Yongtuo Mining Co., Ltd. (hereinafter referred to as "Huaqiao Yongtuo") and its wholly-owned subsidiary, Yifeng County Huaqiao Mining Co., Ltd. (hereinafter referred to as "Huaqiao Mining"). Shengyuan Lithium will contribute its mining right for the Jinzifeng-Zuoli Village ceramic clay (lithium-containing) mine in Fengxin County, Jiangxi Province (hereinafter referred to as the "Jinzifeng Mine") to Huaqiao Mining for capital increase. The relevant matters are hereby announced as follows:
I. Overview of the Cooperation
- Background of the Cooperation
Shengyuan Lithium won the bid for the mining right of the Jinzifeng-Zuoli Village ceramic clay (lithium-containing) mine in Fengxin County, Jiangxi Province in November 2024. For details, please refer to the "Announcement on the Acquisition of Mining Right for Ceramic Clay (Lithium-Containing) Mine in Jinzifeng-Zuoli Village, Fengxin County, Jiangxi Province by a Subsidiary" (Announcement Number: 2024-073) disclosed by the Company on the Juchao Information Network. Huaqiao Yongtuo's wholly-owned subsidiary, Huaqiao Mining, holds the mining right for the Baishihua Mountain Porcelain Stone Mine in Huaqiao Township, Yifeng County (hereinafter referred to as the "Huashan Mine"). The Jinzifeng Mine and the Huashan Mine are adjacent. According to relevant laws and regulations, safety production setback distances must be set during the mining of adjacent mines.
Based on considerations for maximizing strategic resource utilization and ensuring safe production, Shengyuan Lithium and Huaqiao Mining intend to legally and compliantly integrate their respective mining rights for the Jinzifeng Mine and the Huashan Mine into a single mining right. This will increase the exploitable resource volume, enhance resource utilization efficiency, and create greater value, laying the foundation for future increases in lithium carbonate production and sales. To ensure the smooth execution of the aforementioned cooperation, Shengyuan Lithium has signed the "Capital Increase and Cooperation Agreement" with Huaqiao Yongtuo and Huaqiao Mining.
The "Capital Increase and Cooperation Agreement" stipulates that Shengyuan Lithium will contribute the Jinzifeng Mine at a valuation of RMB 269,200 million to Huaqiao Mining, subscribing for a newly increased registered capital of RMB 20,000 million (Huaqiao Yongtuo waives its preemptive right for this new registered capital of RMB 20,000 million). Upon completion of this capital increase, Shengyuan Lithium will hold a 50% equity interest in Huaqiao Mining.
Of the RMB 20,000 million, RMB 20,000 million will be included in Huaqiao Mining's registered capital, and the remaining RMB 249,200 million will be included in Huaqiao Mining's capital reserve (Shengyuan Lithium will exclusively enjoy the registered capital and capital reserve contributed by Shengyuan Lithium, while Huaqiao Yongtuo will exclusively enjoy all shareholder equity of Huaqiao Mining prior to Shengyuan Lithium's completion of its capital contribution obligations).