Tianqi Shares and FAW Group cooperate to create a closed loop of lithium battery recycling industry

The partnership plans to invest in Fuao Smart Energy Technology Co., Ltd. through equity investment. The cooperation with professional institutions to invest in Fuao Smart is in line with Tianqi's development strategy and investment direction, and is closely linked to its main business. Fuao Smart is an important partner in the company's layout in the field of lithium battery recycling, and it mainly undertakes the retired battery business of China First Automobile Group Co., Ltd. (hereinafter referred to as "FAW Group").