LIFT Announces Appointment of Anthony Tse as Executive Chairman

Core Viewpoint - Li-FT Power Ltd. has appointed Anthony Tse as Executive Chairman, bringing extensive experience in the lithium battery value chain and energy transition sector [1][4][5] Company Developments - Anthony Tse has nearly 30 years of experience, with the last 15 years focused on the energy transition sector, particularly in lithium battery development and recycling [1][3] - Tse previously served as Managing Director and CEO of Galaxy Resources, where he significantly grew the company into one of the top 5 lithium producers globally [2] - The company has announced that Alexander Langer will transition to Director and resign as President, with Francis MacDonald assuming the role of President [5] Industry Insights - Tse emphasized the importance of developing diversified regional supply chains for lithium resources in response to the global growth in electric vehicles and energy storage [4] - The company aims to play a key role in the North American lithium market as the battery value chain matures outside of North Asia [4] Stock Options - In connection with the appointment, the company granted 400,000 stock options to Tse, exercisable at CAD$2.54 for five years, vesting over three years [6]