Tianqi Lithium successfully registered RMB 6 billion of public market bonds in March 2024 and today issued the first RMB 300 million short-term financing bonds of 2024 at a significantly below-market rate of 2.35%, setting company records for both the highest registration amount and the lowest issuance interest rate. Compared to similar bonds in the market during the same period, the company's issuance rate was far superior to other private enterprises and lower than 94.23% of state-owned enterprises' bond rates. The bonds achieved a high subscription rate with a total subscription multiple of 4.27 times and a marginal multiple of 2.25 times, indicating strong market acceptance.

Since the beginning of this year, Tianqi Lithium has closely monitored changes in the bond market, successfully seizing the "window period" of declining market interest rates. The successful issuance of these bonds benefited from the market's optimistic outlook on the lithium industry's long-term prosperity and recognition of the company, as well as favorable factors such as ample liquidity in the domestic bond market. This successful issuance has improved the company's capital structure to some extent, further enhancing its influence in the capital market and providing strong financial support for Tianqi Lithium's high-quality development.

The issuance of Tianqi Lithium's short-term financing bonds received strong support from participating institutions, including the lead underwriters Industrial Bank and Bank of China, as well as numerous investors, attracting substantial participation from non-bank funds (including top global private equity funds). This issuance fully demonstrates the capital market's high recognition of Tianqi Lithium's industry position, credit status, and development prospects.

Special Thanks:

Lead Underwriter: Industrial Bank Co., Ltd.

Joint Underwriter: Bank of China