[Tianqi Lithium: Conducting Impairment Tests on Lithium Hydroxide Projects Based on the Latest Situation]
Tianqi Lithium announced in the evening that the company initiated the "Annual Production of 24,000 mt of Battery-Grade Monohydrate Lithium Hydroxide" project in 2016 and the "Phase II Annual Production of 24,000 mt of Battery-Grade Monohydrate Lithium Hydroxide Project" in 2017. While preparing the 2024 annual report, the company is conducting impairment tests on the aforementioned lithium hydroxide projects based on the latest situation. As of now, no final conclusions have been reached regarding the assumptions and results of the related impairment tests. If the company subsequently determines to make provisions for asset impairment on the project, the confirmed amount of asset impairment loss will have a significant impact on the company's operating performance in 2024. The company will fulfill its information disclosure obligations in a timely manner.
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