Zheng Quan Zhi Xing·2025-08-29 14:18Core Viewpoint - Tianqi Lithium Industries, Inc. has decided to change the purpose of part of its repurchased shares from an employee stock incentive plan to cancellation and reduction of registered capital, aiming to optimize its capital structure and protect shareholder interests [1][5][6] Group 1: Share Repurchase Implementation - The company approved a share repurchase plan using its own funds, with a maximum repurchase price of RMB 150 per share and a total repurchase amount between RMB 136 million and RMB 200 million [1][2] - The repurchase was completed at an average price of RMB 112.33 per share, totaling approximately RMB 199.985 million [1][2] Group 2: Change of Purpose for Repurchased Shares - The company plans to change the use of 26,600 shares from the original purpose of an A-share incentive plan to cancellation and reduction of registered capital [3][5] - This decision aligns with the regulations that require unused repurchased shares to be canceled if not utilized within three years [3][5] Group 3: Impact of the Change - The change in the purpose of repurchased shares is expected to have no significant impact on the company's financials, operations, or control structure, and the share distribution will still meet listing requirements [5][6] - The supervisory board has reviewed and agreed that the change complies with relevant regulations and does not harm the interests of the company or its shareholders [5][6] Group 4: Next Steps - The change in the purpose of repurchased shares requires approval from the shareholders' meeting and subsequent procedures with the Shenzhen Stock Exchange and relevant authorities for share cancellation [6]