Tianqi Lithium (09696) has announced that all conditions under the amended and restated placement agreement have been fulfilled, and the placement was completed on February 11, 2026. The placement agent successfully allocated a total of 65.05 million placement shares to no fewer than six placees at a price of HK$45.05 per share, in accordance with the terms of the amended and restated placement agreement. The estimated net price per placement share is approximately HK$44.95. Additionally, all prerequisites under the amended and restated subscription agreement have been met, and bonds with a total principal amount of RMB 2.6 billion were issued on February 11, 2026. The bonds are convertible into H shares under specified terms and conditions, with an initial conversion price of HK$51.85 per H share (subject to adjustment). Assuming full conversion at the initial price, the bonds would convert into approximately 56.48 million H shares.