On July 24, Tianqi Lithium made an announcement stating that its wholly-owned subsidiary, Shehong Tianqi, intends to subscribe for an additional 79,218,106 shares of Sunwoda Power using RMB 150 million of its self-raised funds. These newly subscribed shares will represent 0.55% of the total share capital following the capital increase. It is important to note that this transaction does not qualify as a related-party transaction or a major asset restructuring. Consequently, there is no requirement to submit it for review by the board of directors or shareholders' meeting.
