天齐锂业股份有限公司关于全资子公司提起诉讼及参股公司重大合同的进展公告

Core Viewpoint - Tianqi Lithium Industries, Inc. is facing legal challenges regarding its wholly-owned subsidiary Inversiones TLC SpA's lawsuit in Chile, which has been upheld by the Supreme Court, potentially impacting its investment in Sociedad Química y Minera de Chile S.A. (SQM) [1][8] Group 1: Lawsuit Details - The lawsuit initiated by Tianqi Lithium's subsidiary, Inversiones TLC SpA, was rejected by the Chilean Supreme Court, maintaining the previous ruling from the Santiago Court of Appeals [1][8] - The lawsuit does not specify a monetary amount, and the company does not expect significant impacts on current profits from this ruling [2][10] - The legal proceedings are related to SQM's partnership agreement with Codelco, which aims to develop lithium production in the Atacama salt flat [2][3] Group 2: Partnership Agreement - SQM and Codelco signed a Memorandum of Understanding for operations from 2025 to 2060, which is not legally binding [2] - The partnership agreement establishes rights and obligations for both parties, intending to merge Codelco's subsidiary into SQM's operations [3][4] - The agreement's execution is contingent upon the resolution of Tianqi Lithium's legal challenges [7][8] Group 3: Impact on Company - The rejection of the lawsuit is not expected to alter the impairment testing assumptions for Tianqi's long-term investment in SQM, indicating no immediate financial impact [2][10] - The partnership may lead to SQM losing control over its core lithium business, which could affect its strategic planning and operational efficiency starting from 2031 [11] - There are concerns regarding the potential decrease in investment returns and dividends due to changes in SQM's operational control and profit-sharing structure [11][12]