On September 13th, 2023, Tianqi Lithium Corporation (hereinafter referred to as “TLC") and Mercedes-Benz AG officially signed a memorandum of understanding. Mr. Jiang Weiping, Chairman of TLC, Ms. Jiang Anqi, Vice Chairman of TLC, Mr. Xia Juncheng, Chairman and President of TLC, Mr. Tang Shikai, Mercedes-Benz AG’s Board Member responsible for Greater China, Prof. Dr. Hans Georg Engel, Senior Executive Vice President of Mercedes-Benz AG, along with other esteemed leaders, graced the signing ceremony with their presence.

Representing Tianqi Lithium Corporation (TLC), Mr. Li Guo, Vice President of Strategic Development, officially signed a memorandum of understanding with Mr. Weng Anshi, Head and Vice President of Joint Venture M&A Department for the Mercedes-Benz AG Eastern Hemisphere Division. This significant step lays a robust groundwork for potential collaboration between the two entities in the electrification domain.

As a world’s leading lithium-based new energy materials company, Tianqi Lithium Corporation is dedicated to the development and utilization of various clean energy. Tianqi Lithium Corporation (TLC) intends to explore new opportunities for collaboration with Mercedes-Benz AG as a way of injecting continuous momentum into the development of new energy industry.

The MOU signed this time is a letter of intent, and certain provisions within it do not create legally enforceable obligations. Consequently, it will have no material impact on the company's present or future performance. The actual implementation and specific details of the outlined intentions involves inherent uncertainties. We kindly advise all investors to exercise prudence in their investments and remain cognizant of the associated investment risks.