Tianli Lithium Energy's shareholder, Anhui High-Tech Investment New Materials Fund, plans to reduce its holdings by no more than 3,562,200 shares, accounting for 3% of the total share capital.

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On March 12, Tianneng Lithium Energy Group Co., Ltd. (hereinafter referred to as “Tianneng Lithium Energy”) issued a pre-disclosure announcement of shareholder reduction plans. The shareholder Anhui High-tech Investment New Materials Industry Fund Partnership (Limited Partnership) (hereinafter referred to as “New Materials Fund”), which holds 4.66% of the company’s shares, plans to reduce no more than 3,562,200 shares, accounting for 3% of the total share capital, within the next three months.

Specific Arrangements for the Reduction Plan

According to the announcement, the reduction plan by New Materials Fund will mainly be carried out through centralized bidding and block trades, with the following details:

The announcement states that the reason for the reduction is due to the “self-operational management needs” of the New Materials Fund. The shares to be reduced originate from shares held before the company’s initial public offering. If during the reduction period the company undergoes share changes such as bonus shares, capital reserve to share capital conversion, rights issues, etc., the number of shares to be reduced will be adjusted accordingly, while the reduction proportion remains unchanged.

Shareholder Holdings and Commitment Fulfillment

As of the disclosure date, New Materials Fund held 5,534,207 shares of Tianneng Lithium Energy, accounting for 4.66% of the total share capital. As a shareholder holding more than 5% before the company’s initial public offering, New Materials Fund made several commitments, including strictly adhering to share lock-up regulations, ensuring the reduction price is not below the audited net asset per share of the previous year before listing, and pre-disclosing reduction plans.

Tianneng Lithium Energy stated in the announcement that, up to now, New Materials Fund has strictly fulfilled the above commitments, and there are no circumstances of unfulfilled commitments.

Risk Reminder

The announcement specifically reminds that New Materials Fund will decide whether to implement this reduction plan based on its own operational needs, the company’s stock price, and market conditions. Therefore, there is uncertainty regarding the timing, quantity, and price of the reduction, and whether it will be implemented and completed on schedule is uncertain.

At the same time, New Materials Fund is not a controlling shareholder, actual controller, or its concerted parties of the company. The implementation of this reduction plan will not lead to a change in the company’s control rights, nor will it have a significant impact on the company’s governance structure, equity structure, or ongoing operations. Tianneng Lithium Energy will continue to monitor the progress of shareholder share reductions and fulfill information disclosure obligations in a timely manner as required.

(Source: Tianneng Lithium Energy Announcement)

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. Any information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have questions, please contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Kuai Bao