At the second meeting of its seventh-session Board of Directors, Tianqi Lithium Corporation approved a comprehensive revision of the Terms of Reference for the Board’s Audit and Risk Committee.

Key features of the updated mandate are as follows:

1. Committee Composition • The committee will consist exclusively of three independent non-executive directors. • At least one member must be an accounting professional and will serve as convenor. • Former partners of the Company’s external auditor cannot join the committee until two years after ending their partnership or financial interest in that firm.

2. Core Responsibilities • Financial Reporting: Review all financial statements, internal-control evaluation reports and disclosures before Board submission. • External Audit: Assess auditor independence, set audit scope and fees, and recommend appointment or removal of external audit firms. • Internal Audit: Direct the Audit Department, approve annual internal-audit plans, and receive immediate reports on material findings. • Risk Management & Internal Control: Monitor the design and effectiveness of the Company’s risk-management system, conduct at least annual reviews, and report deficiencies to the Board. • Supervisory Functions: Exercise powers normally assigned to the Board of Supervisors under China’s Company Law, including oversight of major related-party transactions.

3. Decision-Making & Meeting Procedures • Regular meetings will be held at least quarterly; ad hoc sessions can be convened by two members or the convenor. • Resolutions require approval by more than half of all committee members, with a quorum set at two-thirds attendance. • The committee is authorised to engage external professional advisers at the Company’s expense when specialised expertise is needed.

4. Reporting & Disclosure • Written opinions and voting results must be submitted to the Board; if the Board does not adopt the committee’s recommendations, the Company is required to disclose the reasons publicly. • Minutes will be archived for a minimum of ten years.

5. Effective Date The revised Terms of Reference take effect immediately upon Board approval and will guide committee operations unless superseded by future regulatory changes or further Board resolutions.

The enhanced mandate is designed to tighten financial oversight, reinforce audit quality and elevate risk-management standards across Tianqi Lithium’s operations.