Tianqi Lithium Corporation provided earnings guidance for the six months ended June 30, 2022. The board of directors of the Company (the "Board") hereby informs the shareholders and potential investors of the Company that, the financial department of the Company conducted preliminary estimate in accordance with the Chinese Accounting Standards for Business Enterprises, and expected that, for the six months ended June 30, 2022 (the "Reporting Period"), (i) the net profit attributable to the shareholders of the Company would range from RMB 9,600,000,000 to RMB 11,600,000,000, representing an increase of approximately 11,089.14% to 13,420.21% from RMB 85,797,500 as compared with the corresponding period of last year; (ii) the net profit after deducting the non-recurring profit or loss would range from RMB 8,460,000,000 to RMB 10,380,000,000, representing an increase of approximately 43,625.90% to 53,549.51% from RMB 19,347,800 as compared with the corresponding period of last year; and (iii) the basic earnings per share would range from RMB 6.50 per share to RMB 7.85 per share (the corresponding period of last year: RMB 0.06 per share). Based on the information currently available, the Board believes that the changes in the interim results of the Company in 2022 are mainly attributable to that: the Company is expected to record a significant increase in the operating income during the Reporting Period as compared to the corresponding period of last year, which was mainly attributable to the significant increase in the sales volume and average selling prices of the Company's major lithium products as compared with the corresponding period of last year, benefiting from a number of positive factors, such as the world-wide boom of new energy vehicles, accelerating capacity expansion by lithium-ion battery manufacturers and increase in the orders of downstream cathode materials.

during the Reporting Period, SES Holdings Pte. Ltd. ("SES"), an associate of the Company, has been listed on the New York Stock Exchange, resulting in a passive dilution to the Company's shareholding in SES and therefore the loss of the Company's material influence over SES. As a result, the Company's shareholding in SES is no longer recognized as a long-term equity investment but instead recognized as a financial asset at fair value through other comprehensive income with investment gains.

The aforementioned investment income derived from the passive disposal of a long-term equity investment due to the passive dilution to the Company's shareholding in SES is classified as non-recurring profit or loss. the Company adopted the forecast by Bloomberg on the earnings per share of Sociedad Química y Minera de Chile S.A. ("SQM"), an associate of the Company, for the second quarter in 2022 and other information, in the calculation of the estimated investment income from SQM generated by the Company during the corresponding period. The interim results of SQM in 2022 is expected to record a significant increase, therefore the investment income generated by the Company from the investment in SQM in the Reporting Period also increased significantly.