On July 24, Tianqi Lithium announced that its wholly-owned subsidiary, Shehong Tianqi, plans to enter into a capital increase agreement with Sunwoda Mobility Energy Technology Co., Ltd. (SEVB) and other parties to subscribe for 79,218,106 newly issued shares of SEVB with Yuan 150 million of its own funds, representing 0.55% of the total share capital after the capital increase. This transaction does not constitute a connected transaction or a material asset restructuring, and is not subject to approval by the board of directors or the shareholders' meeting.
Edited by Cassie Li, lixiangying@mysteel.com
