Tianqi Lithium Industry: subsidiary TLEA plans to introduce strategic investor IGO through capital increase and share expansion.

SMM: December 8, 2020, Tianqi Lithium Industry Co., Ltd. (hereinafter referred to as "the company" or "Tianqi Lithium Industry") the 11th meeting of the Fifth Board of Directors and the 10th meeting of the Fifth Board of Supervisors unanimously approved the motion on the company's wholly-owned subsidiaries to increase capital and shares and introduce strategic investors.

According to the "Investment Agreement" to be signed and related agreements: the company's wholly-owned subsidiary Tianqi Lithium Energy Australia Pty Ltd (, the former wholly-owned subsidiary Tianqi UK Limited,2020, changed its name on December 6, 2000, hereinafter referred to as "TLEA"). After the completion of the capital increase of the Australian listed company IGO Limited;, a strategic investor, 51% of the registered capital of TLEA is held by IGO Lithium Holdings Pty Ltd, a wholly-owned subsidiary of IGO Lithium Holdings Pty Ltd, which holds 49% of the registered capital of TLEA.