Tianqi Lithium Corporation (SZSE:002466) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 150 per share.

The purpose of the program is to fully mobilize the enthusiasm of the companyÆs core staff through establishing and improving the long-term incentive mechanism of the company and enhance team cohesion and competitiveness, thereby effectively aligning the interests of shareholders, the company and employees to promote the healthy and sustainable development of the company. The shares purchased will be used for the company's employee stock ownership plan. The program will be funded out of the company's own funds.

The program will be valid till earlier of August 30, 2023, or when the repurchase reaches the maximum limit, unless terminated by the Board earlier.