Agreement Overview - Tianqi Automation Engineering Co., Ltd. signed a strategic cooperation framework agreement with Huizhou EVE Energy Co., Ltd. to establish a closed-loop system for lithium battery manufacturing, application, reverse recycling, and regeneration [1][4] - The agreement aims to enhance the resilience of the supply chain and promote sustainable development in the lithium battery industry [1][4] Partner Introduction - EVE Energy, established in December 2001 and listed on the Shenzhen Stock Exchange in 2009, specializes in the research, production, and sales of consumer batteries, power batteries, and energy storage batteries [2][3] - The company has a registered capital of approximately 2.045 billion RMB and operates in various sectors including battery manufacturing and new energy technology research [2] Main Content of the Agreement - The cooperation will integrate resources in lithium battery manufacturing, recycling, and supply chain systems, establishing an efficient information-sharing mechanism [3][4] - Both companies will collaborate to enhance global recycling network efficiency and utilize Tianqi's existing overseas recycling resources for compliant disposal of used lithium batteries [4][5] Impact on the Company - EVE Energy is recognized as a leading supplier in the global lithium battery market, ranking second in energy storage cell shipments in 2024 [6] - The partnership is expected to enhance Tianqi's market share in the global lithium recycling sector, especially with the implementation of the EU's new battery regulations and the opening of domestic lithium battery recycling [6][8] - The collaboration will significantly improve the market certainty of Tianqi's high-quality recycled materials within EVE's supply chain [7][8] Future Prospects - The agreement is valid for 10 years and can be renewed upon mutual consent [6] - Both companies will explore innovative pricing mechanisms for recycled materials, aiming to reflect the green value of the lithium battery recycling industry [5][6]

Core Viewpoint - Tianqi Co., Ltd. plans to introduce Qingdao Huatie Fund as an investor in its wholly-owned subsidiary, Jiangxi Tianqi Jintai Ge Cobalt Co., Ltd., through a capital increase and share expansion, raising a total of RMB 70 million for a 2.8% equity stake [1][2] Group 1: Investment Details - Qingdao Huatie Fund will invest RMB 70 million to acquire 2.8% of Tianqi Jintai Ge's equity, with RMB 360,082.4 allocated to registered capital and the remaining RMB 66,639,917.6 to capital reserves [1] - Following the investment, Tianqi Jintai Ge's registered capital will increase from RMB 125 million to RMB 129 million, reducing Tianqi Co., Ltd.'s ownership from 100% to 97.2% [1][2] Group 2: Strategic Importance - Tianqi Jintai Ge is a core subsidiary focused on the recycling of lithium batteries, including ternary lithium batteries and lithium iron phosphate batteries, with leading capacity, technology, and channel development in the industry [2] - The investment aligns with Tianqi Co., Ltd.'s long-term strategic goals to enhance financial strength and consolidate its core competitiveness in the lithium battery recycling industry [2] Group 3: Partner Profile - Qingdao Huatie Fund is a specialized investment fund under Shandong Railway Investment Holding Group, which has diversified operations in high-speed rail investment, fund management, and various sectors including new energy and modern logistics [2] - The partnership aims to leverage Shandong Railway Investment Holding Group's resources and expertise in the new energy and storage sectors to achieve mutual benefits in lithium battery recycling [2]