Core Viewpoint - The launch of lithium carbonate futures has restructured the pricing logic in the lithium battery industry and integrated risk management tools into various segments of the industry chain, becoming essential for enterprises to manage price fluctuations and stabilize operations [1][2]. Industry Development - The lithium carbonate industry has developed a mature supply chain, and the introduction of futures has injected new vitality into this sector, providing a new price discovery mechanism and risk management system [2]. - The listing of lithium carbonate futures has fundamentally changed the pricing model in the industry, requiring companies to respond more quickly to market price fluctuations [5]. Pricing Mechanism - The futures prices provide a fair and transparent price reference for the industry, moving away from reliance on quoted prices or fixed pricing models [3]. - Futures tools allow enterprises to shift from passive acceptance of price fluctuations to proactive management of price risks, marking significant progress in the lithium battery industry [3]. Market Participation - Prior to the futures listing, market participants were mainly industry enterprises and a few traders, but the market has since diversified with the entry of financial institutions and futures companies, enhancing liquidity and trading activity [4]. - The diversification of market participants has transformed the lithium market into a composite market that integrates industry and finance, reflecting real market supply and demand [4]. Operational Changes - The listing of lithium carbonate futures has led to significant changes in corporate operational strategies, compelling companies to enhance their market sensitivity and analytical capabilities [5]. - Futures tools provide customized services tailored to specific enterprise needs, allowing for more flexible risk management options [5]. Practical Application - Companies like Tianqi Lithium have actively explored the application of lithium carbonate futures, integrating hedging into daily operations to achieve stable development [6]. - A focus on fundamental analysis and a calm operational approach are key to successful futures trading, ensuring that operations align with market realities [6][7]. Risk Management - Companies must establish a robust risk management system, ensuring that trading scales match their financial reserves to effectively utilize futures tools [8]. - The essence of hedging is to stabilize operations rather than pursue speculative gains, emphasizing the importance of aligning futures trading with actual market needs [7]. Collaborative Efforts - The successful application of lithium carbonate futures in the industry relies on the collaborative efforts of exchanges, futures companies, and industry enterprises [9][10]. - Continuous professional development and training for industry participants are crucial for maximizing the value of futures tools [10][11]. Future Outlook - The futures market is expected to provide more diverse and professional risk management tools as the system of futures products continues to evolve [12]. - Tianqi Lithium aims to deepen the integration of futures and spot markets, enhancing its hedging operations and leading other enterprises in utilizing futures tools for high-quality development in the new energy sector [12].

Group 1 - Morgan Stanley increased its stake in Tianqi Lithium (09696.HK) by purchasing 647,000 shares at an average price of HKD 42.9015 per share, amounting to approximately HKD 27.76 million [1] - Following the purchase, Morgan Stanley's total holdings in Tianqi Lithium rose to 8.729 million shares, increasing its ownership percentage from 4.92% to 5.31% [1][2]

Group 1 - UBS Group AG's short position in Tianqi Lithium Corporation's H-shares decreased from 5.57% to 0.69% [1]

Group 1 - Morgan Stanley increased its stake in Tianqi Lithium Industries (09696) by 646,960 shares at a price of HKD 42.9015 per share, totaling approximately HKD 27.7556 million [1] - Following the increase, Morgan Stanley's total shareholding in Tianqi Lithium is approximately 8.7292 million shares, representing a holding percentage of 5.31% [1]

Core Viewpoint - Morgan Stanley has increased its stake in Tianqi Lithium Industries, acquiring 646,960 shares at a price of HKD 42.9015 per share, totaling approximately HKD 27.7556 million, resulting in a new holding of about 8.7292 million shares, representing a 5.31% ownership [1] Group 1 - Morgan Stanley's recent acquisition of shares indicates a strategic investment in the lithium sector, reflecting confidence in Tianqi Lithium's growth potential [1] - The total amount invested by Morgan Stanley in this transaction is approximately HKD 27.7556 million, highlighting the significance of this stake increase [1] - Following the purchase, Morgan Stanley's total shareholding in Tianqi Lithium has reached approximately 8.7292 million shares, which is a notable increase in their investment position [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 天齊鋰業股份有限公司 呈交日期： 2026年2月11日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 章 | 第 | 節 | 一 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

证券代码：002466 证券简称：天齐锂业 公告编号：2026-009 天齐锂业股份有限公司 关于新 H 股配售完成及可转换公司债券发行完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 天齐锂业股份有限公司（以下简称"公司"）于 2026 年 2 月 3 日（H 股交易时间后）与配 售代理和经办人分别签订新 H 股《配售协议》和可转换公司债券《认购协议》，于 2026 年 2 月 4 日与配售代理和经办人分别订立经修订及重列的《配售协议》和《认购协议》。公司拟按 每股配售价格 45.05 港元（以下简称"配售价"）向符合条件的独立投资者（以下简称"承配 人"）配售公司根据 2024 年度股东大会授权新增发行的 H 股股份 65,050,000 股（以下简称"本 次 H 股配售"），并拟发行本金总金额为人民币 26 亿元的可转换公司债券（以下简称"本次 H 股可转债发行"，与"本次 H 股配售"统称为"本次发行"）。具体详见公司分别于 2026 年 2 月 4 日、2026 年 2 月 5 日在巨潮资讯网（http://www.cninfo.com.c ...

Group 1 - Tianqi Lithium Industries (002466)(09696) announced that all conditions of the revised and restated placement agreement have been met, and the placement was completed on February 11, 2026 [1] - The placement agent successfully placed a total of 65.05 million shares at a price of HKD 45.05 per share to no less than six subscribers, with an estimated net price of approximately HKD 44.95 per share [1] - Additionally, all conditions of the revised and restated subscription agreement have been met, and bonds totaling RMB 2.6 billion were issued on February 11, 2026 [1] Group 2 - The bonds can be converted into H-shares under the terms and conditions specified, with an initial conversion price of HKD 51.85 per H-share, subject to adjustments [1] - Assuming the bonds are fully converted at the initial conversion price, they will convert into approximately 56.48 million H-shares [1]

Core Viewpoint - Tianqi Lithium Industries has successfully completed a share placement and bond issuance, indicating strong market confidence and financial maneuverability [1] Group 1: Share Placement - The company announced that all conditions of the revised and restated placement agreement have been met, and the placement was completed on February 11, 2026 [1] - A total of 65.05 million shares were successfully placed at a price of HKD 45.05 per share, with an estimated net price of approximately HKD 44.95 per share [1] Group 2: Bond Issuance - All conditions of the revised and restated subscription agreement have been fulfilled, leading to the issuance of bonds totaling RMB 2.6 billion on February 11, 2026 [1] - The bonds can be converted into H-shares at an initial conversion price of HKD 51.85 per share, which is subject to adjustment; if fully converted, they will result in approximately 56.48 million H-shares [1]

Core Viewpoint - Tianqi Lithium Industries (09696.HK) has successfully completed a placement of shares, raising approximately HKD 2.93 billion, with the net proceeds expected to be fully utilized by December 31, 2027 [1] Group 1: Share Placement Details - The placement involved the issuance of 65.05 million shares at a price of HKD 45.05 per share [1] - The estimated net price per share, after deducting related commissions and expenses, is approximately HKD 44.95 [1] - The total amount raised from the placement is approximately HKD 2.93 billion, with net proceeds expected to be around HKD 2.92 billion after expenses [1]