Tianqi Auto: Termination of Stock Transfer Agreement

Tianqi Automotive Module Announcement: The company's controlling shareholder and actual controller have decided to terminate the "Intention Agreement for Share Transfer" signed with Anhui Chaocheng New Materials Technology Co., Ltd. on July 9, 2024. The agreement involves the transfer of a total of 162 million shares of the company's controlling shareholder, accounting for 17.17% of the total share capital of the company at that time. Due to Anhui Chaocheng's inability to reach consensus with the controlling shareholder on the number of shares to be transferred, the payment method for the transfer price, the source of funds, etc., the project was delayed, and the two parties were unable to reach an agreement on the share transfer matters. The termination will not have any adverse impact on the company's operations and finances.